Schlumberger Limited (NYSE:SLB) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. lowered its position in Schlumberger Limited (NYSE:SLB) by 9.6% during the fourth quarter, HoldingsChannel reports. The firm owned 336,486 shares of the oil and gas company’s stock after selling 35,865 shares during the period. Community Trust & Investment Co.’s holdings in Schlumberger were worth $12,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. FNY Investment Advisers LLC lifted its stake in shares of Schlumberger by 4,000.0% in the fourth quarter. FNY Investment Advisers LLC now owns 8,200 shares of the oil and gas company’s stock worth $314,000 after buying an additional 8,000 shares in the last quarter. Pallas Capital Advisors LLC acquired a new stake in Schlumberger in the 4th quarter valued at about $216,000. Moody National Bank Trust Division lifted its stake in Schlumberger by 6.2% in the 4th quarter. Moody National Bank Trust Division now owns 23,742 shares of the oil and gas company’s stock worth $910,000 after purchasing an additional 1,382 shares in the last quarter. CHICAGO TRUST Co NA boosted its holdings in shares of Schlumberger by 1.6% during the 4th quarter. CHICAGO TRUST Co NA now owns 39,903 shares of the oil and gas company’s stock worth $1,530,000 after purchasing an additional 625 shares during the last quarter. Finally, City Center Advisors LLC grew its position in shares of Schlumberger by 22.4% in the fourth quarter. City Center Advisors LLC now owns 10,359 shares of the oil and gas company’s stock valued at $397,000 after purchasing an additional 1,899 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SLB shares. BMO Capital Markets lowered their price objective on Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, October 10th. UBS Group lowered their price target on shares of Schlumberger from $63.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Barclays cut their price objective on shares of Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Citigroup decreased their target price on shares of Schlumberger from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. cut their price target on shares of Schlumberger from $55.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.58.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the sale, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Schlumberger Trading Up 0.3 %

Shares of SLB stock opened at $39.95 on Wednesday. The stock has a market capitalization of $56.42 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.52. Schlumberger Limited has a fifty-two week low of $36.52 and a fifty-two week high of $55.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The company has a 50 day moving average price of $40.95 and a 200 day moving average price of $42.95.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.01. The business had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. Equities research analysts predict that Schlumberger Limited will post 3.39 EPS for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th were given a dividend of $0.275 per share. The ex-dividend date was Wednesday, December 4th. This represents a $1.10 annualized dividend and a dividend yield of 2.75%. Schlumberger’s dividend payout ratio (DPR) is currently 35.37%.

Schlumberger Company 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.