Sanctuary Advisors LLC Buys Shares of 317,125 Schlumberger Limited (NYSE:SLB)

Sanctuary Advisors LLC purchased a new position in shares of Schlumberger Limited (NYSE:SLB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 317,125 shares of the oil and gas company’s stock, valued at approximately $15,603,000.

Several other large investors have also made changes to their positions in the company. Register Financial Advisors LLC acquired a new position in shares of Schlumberger during the 1st quarter worth $27,000. Manchester Capital Management LLC raised its stake in Schlumberger by 297.9% during the first quarter. Manchester Capital Management LLC now owns 569 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 426 shares in the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Schlumberger by 204.2% in the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 392 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at approximately $32,000. Finally, Unique Wealth Strategies LLC bought a new stake in shares of Schlumberger during the 2nd quarter valued at approximately $30,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Trading Up 1.9 %

NYSE:SLB opened at $43.94 on Thursday. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $61.20. The company has a current ratio of 1.49, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $62.39 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.90 and a beta of 1.51. The firm has a fifty day simple moving average of $43.48 and a two-hundred day simple moving average of $46.87.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, July 19th. The oil and gas company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.08 billion. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. Analysts expect that Schlumberger Limited will post 3.49 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Wednesday, September 4th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Wednesday, September 4th. Schlumberger’s dividend payout ratio is currently 36.54%.

Analyst Ratings Changes

SLB has been the subject of several research analyst reports. StockNews.com downgraded shares of Schlumberger from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. UBS Group cut their price target on Schlumberger from $63.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Evercore ISI raised their price objective on shares of Schlumberger from $73.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Susquehanna reduced their target price on shares of Schlumberger from $77.00 to $70.00 and set a “positive” rating on the stock in a report on Thursday, July 11th. Finally, TD Cowen upped their price target on shares of Schlumberger from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $65.29.

Insider Activity at Schlumberger

In other Schlumberger news, Director Vijay Kasibhatla sold 10,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $49.29, for a total transaction of $492,900.00. Following the transaction, the director now owns 62,354 shares in the company, valued at $3,073,428.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Vijay Kasibhatla sold 10,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.29, for a total value of $492,900.00. Following the sale, the director now owns 62,354 shares in the company, valued at approximately $3,073,428.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mogharbel Khaled Al sold 120,668 shares of Schlumberger stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $50.19, for a total value of $6,056,326.92. Following the transaction, the executive vice president now owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,716 shares of company stock valued at $9,048,624. 0.26% of the stock is owned by company insiders.

Schlumberger Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.