WD Rutherford LLC Has $735,000 Stake in Schlumberger Limited (NYSE:SLB)

WD Rutherford LLC lifted its stake in shares of Schlumberger Limited (NYSE:SLB) by 27.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,415 shares of the oil and gas company’s stock after buying an additional 2,930 shares during the quarter. WD Rutherford LLC’s holdings in Schlumberger were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of SLB. O Shaughnessy Asset Management LLC grew its position in Schlumberger by 25.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 98,762 shares of the oil and gas company’s stock valued at $5,758,000 after purchasing an additional 19,909 shares during the period. Mutual Advisors LLC acquired a new stake in Schlumberger in the 3rd quarter valued at $273,000. Synovus Financial Corp grew its position in Schlumberger by 1.5% in the 3rd quarter. Synovus Financial Corp now owns 74,336 shares of the oil and gas company’s stock valued at $4,334,000 after purchasing an additional 1,067 shares during the period. Tower Research Capital LLC TRC grew its position in Schlumberger by 5.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 65,930 shares of the oil and gas company’s stock valued at $3,844,000 after purchasing an additional 3,602 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Schlumberger in the 3rd quarter valued at $370,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In related news, insider Bejar Carmen Rando sold 4,980 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the sale, the insider now directly owns 22,518 shares in the company, valued at approximately $977,956.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Bejar Carmen Rando sold 4,980 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $43.43, for a total transaction of $216,281.40. Following the sale, the insider now directly owns 22,518 shares in the company, valued at $977,956.74. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $48.28, for a total value of $1,838,647.24. Following the sale, the insider now owns 45,851 shares in the company, valued at $2,213,686.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,158 shares of company stock worth $5,099,893. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Schlumberger from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a report on Tuesday. Bank of America cut their price objective on shares of Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $65.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.59.

Schlumberger Stock Performance

Schlumberger stock traded up $0.17 during midday trading on Friday, reaching $47.18. The stock had a trading volume of 14,139,873 shares, compared to its average volume of 14,274,646. Schlumberger Limited has a 12 month low of $42.61 and a 12 month high of $62.12. The firm’s 50-day moving average price is $46.69 and its 200 day moving average price is $49.60. The firm has a market capitalization of $67.44 billion, a PE ratio of 15.67, a P/E/G ratio of 0.90 and a beta of 1.57. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same period in the previous year, the business posted $0.63 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, research analysts predict that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be paid a $0.275 dividend. This is a boost from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Wednesday, June 5th. Schlumberger’s payout ratio is currently 36.54%.

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.