Enterprise Bank & Trust Co Purchases 1,480 Shares of Schlumberger Limited (NYSE:SLB)

Enterprise Bank & Trust Co raised its position in Schlumberger Limited (NYSE:SLBFree Report) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,018 shares of the oil and gas company’s stock after buying an additional 1,480 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Schlumberger were worth $1,666,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC bought a new position in Schlumberger in the 3rd quarter valued at about $25,000. MCF Advisors LLC increased its holdings in Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 461 shares during the period. Indiana Trust & Investment Management CO bought a new stake in shares of Schlumberger during the 3rd quarter valued at approximately $31,000. Coppell Advisory Solutions LLC bought a new stake in shares of Schlumberger during the 2nd quarter valued at approximately $27,000. Finally, Global Trust Asset Management LLC grew its holdings in shares of Schlumberger by 51.5% during the 3rd quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. 79.43% of the stock is owned by institutional investors.

Insider Activity at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $53.86, for a total transaction of $336,625.00. Following the transaction, the chief financial officer now owns 163,515 shares in the company, valued at $8,806,917.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the transaction, the executive vice president now owns 386,841 shares in the company, valued at $19,504,523.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $53.86, for a total transaction of $336,625.00. Following the completion of the sale, the chief financial officer now owns 163,515 shares of the company’s stock, valued at approximately $8,806,917.90. The disclosure for this sale can be found here. Insiders have sold 178,441 shares of company stock worth $8,972,947 in the last quarter. Company insiders own 0.26% of the company’s stock.

Schlumberger Trading Down 0.7 %

Shares of NYSE SLB traded down $0.36 during midday trading on Friday, reaching $52.87. The stock had a trading volume of 16,719,717 shares, compared to its average volume of 12,254,411. The firm has a market cap of $75.47 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.59. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. 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 company’s 50 day moving average price is $49.53 and its 200 day moving average price is $53.51.

Schlumberger (NYSE:SLBGet Free Report) last released its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.96 billion. During the same quarter in the previous year, the company earned $0.71 EPS. Schlumberger’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, sell-side analysts expect that Schlumberger Limited will post 3.54 EPS for the current year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.89%. Schlumberger’s payout ratio is presently 34.25%.

Analysts Set New Price Targets

SLB has been the topic of several research reports. Stifel Nicolaus lifted 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. Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Schlumberger in a report on Monday, March 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $66.00 price target on shares of Schlumberger in a report on Thursday, February 8th. Wells Fargo & Company lifted their price target on shares of Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Finally, Barclays reduced their target price on shares of Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.87.

Get Our Latest Research Report on SLB

Schlumberger Profile

(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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