Camden National Bank Buys 587 Shares of Schlumberger Limited (NYSE:SLB)

Camden National Bank raised its stake in Schlumberger Limited (NYSE:SLB) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,559 shares of the oil and gas company’s stock after acquiring an additional 587 shares during the quarter. Camden National Bank’s holdings in Schlumberger were worth $290,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Prospera Private Wealth LLC bought a new position in Schlumberger in the 3rd quarter valued at about $29,000. YANKCOM Partnership bought a new position in Schlumberger in the 4th quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger during the 4th quarter worth approximately $32,000. Ashton Thomas Securities LLC acquired a new position in shares of Schlumberger during the 3rd quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the 4th quarter worth approximately $34,000. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Ugo Prechner sold 7,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now owns 11,240 shares in the company, valued at approximately $496,808. This represents a 38.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 290,772 shares of company stock valued at $12,546,660 over the last quarter. Insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

SLB stock opened at $41.36 on Friday. The company has a fifty day moving average price of $40.73 and a 200-day moving average price of $41.66. The company has a market capitalization of $56.25 billion, a P/E ratio of 13.30, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 52-week low of $36.52 and a 52-week high of $55.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter last year, the firm earned $0.86 earnings per share. Schlumberger’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is currently 36.66%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BMO Capital Markets decreased their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. increased their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Finally, Jefferies Financial Group decreased their target price on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and a consensus target price of $55.81.

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.