Schlumberger Limited (NYSE:SLB) Shares Bought by Blue Trust Inc.

Blue Trust Inc. boosted its stake in shares of Schlumberger Limited (NYSE:SLBFree Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,785 shares of the oil and gas company’s stock after acquiring an additional 392 shares during the quarter. Blue Trust Inc.’s holdings in Schlumberger were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SLB. Acadian Asset Management LLC acquired a new stake in Schlumberger during the 1st quarter worth approximately $25,000. Cetera Investment Advisers lifted its holdings in shares of Schlumberger by 35.3% in the 1st quarter. Cetera Investment Advisers now owns 39,287 shares of the oil and gas company’s stock valued at $1,623,000 after buying an additional 10,240 shares during the period. Dakota Wealth Management acquired a new stake in shares of Schlumberger in the 1st quarter valued at approximately $232,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Schlumberger in the 1st quarter valued at approximately $419,000. Finally, Baird Financial Group Inc. lifted its holdings in shares of Schlumberger by 2.9% in the 1st quarter. Baird Financial Group Inc. now owns 112,003 shares of the oil and gas company’s stock valued at $4,627,000 after buying an additional 3,209 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLB has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a report on Monday, March 4th. Susquehanna reaffirmed a “positive” rating and issued a $77.00 price objective on shares of Schlumberger in a research note on Tuesday, February 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Schlumberger in a research note on Thursday, February 8th. Wells Fargo & Company raised their price objective on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus raised their price objective on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.87.

Check Out Our Latest Stock Analysis on Schlumberger

Insider Activity

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

Schlumberger Stock Performance

Schlumberger stock opened at $54.81 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The stock has a fifty day moving average of $50.50 and a two-hundred day moving average of $53.19. The company has a market capitalization of $78.24 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 0.98 and a beta of 1.59. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12.

Schlumberger (NYSE:SLBGet Free Report) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. On average, analysts anticipate that Schlumberger Limited will post 3.54 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Wednesday, February 7th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently 34.25%.

About Schlumberger

(Free Report)

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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