Schlumberger Limited (NYSE:SLB) Position Raised by Private Trust Co. NA

Private Trust Co. NA grew its position in shares of Schlumberger Limited (NYSE:SLB) by 11.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,444 shares of the oil and gas company’s stock after purchasing an additional 451 shares during the quarter. Private Trust Co. NA’s holdings in Schlumberger were worth $231,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Highland Capital Management LLC lifted its stake in Schlumberger by 2,494.0% during the fourth quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock valued at $5,278,000 after purchasing an additional 97,516 shares during the last quarter. Guinness Asset Management LTD boosted its stake in shares of Schlumberger by 0.3% during the 3rd quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock worth $19,468,000 after acquiring an additional 965 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Schlumberger by 36.4% in the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after acquiring an additional 380,185 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Schlumberger by 3.8% in the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after acquiring an additional 206 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Schlumberger by 85.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 313,518 shares of the oil and gas company’s stock valued at $16,315,000 after purchasing an additional 144,327 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SLB shares. Wells Fargo & Company lifted their price target on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Stifel Nicolaus boosted their price target on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada raised their price objective on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $68.00 target price on shares of Schlumberger in a research report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Schlumberger presently has a consensus rating of “Moderate Buy” and an average price target of $70.80.

Schlumberger Stock Down 1.8 %

Shares of Schlumberger stock opened at $54.05 on Tuesday. The stock has a 50-day simple moving average of $50.93 and a 200-day simple moving average of $52.79. Schlumberger Limited has a 52-week low of $42.73 and a 52-week high of $62.12. The firm has a market cap of $77.15 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 0.99 and a beta of 1.60. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The company had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities research analysts expect that Schlumberger Limited will post 3.54 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Wednesday, February 7th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $1.00 annualized dividend and a yield of 1.85%. Schlumberger’s dividend payout ratio (DPR) is currently 34.25%.

Insider Transactions at Schlumberger

In related news, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the sale, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by corporate 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.