Clarius Group LLC Has $414,000 Stock Holdings in Schlumberger Limited $SLB

Clarius Group LLC decreased its holdings in shares of Schlumberger Limited (NYSE:SLB) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,254 shares of the oil and gas company’s stock after selling 478 shares during the quarter. Clarius Group LLC’s holdings in Schlumberger were worth $414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC bought a new stake in shares of Schlumberger during the 1st quarter worth about $169,232,000. Scharf Investments LLC boosted its holdings in shares of Schlumberger by 20.5% during the 1st quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company’s stock worth $69,133,000 after buying an additional 281,773 shares during the period. Integrated Advisors Network LLC boosted its holdings in shares of Schlumberger by 810.4% during the 1st quarter. Integrated Advisors Network LLC now owns 75,163 shares of the oil and gas company’s stock worth $3,142,000 after buying an additional 66,907 shares during the period. Alan B Lancz & Associates Inc. bought a new stake in shares of Schlumberger during the 1st quarter worth about $308,000. Finally, Stratos Investment Management LLC boosted its holdings in shares of Schlumberger by 236.0% during the 1st quarter. Stratos Investment Management LLC now owns 146,908 shares of the oil and gas company’s stock worth $6,141,000 after buying an additional 103,182 shares during the period. Institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

SLB stock opened at $34.59 on Tuesday. The company has a 50 day simple moving average of $34.60 and a 200 day simple moving average of $35.06. The stock has a market cap of $51.66 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 9.51 and a beta of 0.97. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $46.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The business had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, September 3rd. Schlumberger’s dividend payout ratio is 39.04%.

Insider Transactions at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SLB. JPMorgan Chase & Co. reduced their target price on shares of Schlumberger from $46.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, June 30th. Wells Fargo & Company downgraded shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Atb Cap Markets raised shares of Schlumberger from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 1st. Jefferies Financial Group dropped their target price on shares of Schlumberger from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, June 26th. Finally, UBS Group dropped their target price on shares of Schlumberger from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus price target of $52.18.

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.