UMB Bank n.a. Reduces Stake in Schlumberger Limited (NYSE:SLB)

UMB Bank n.a. reduced its position in Schlumberger Limited (NYSE:SLBFree Report) by 2.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,139 shares of the oil and gas company’s stock after selling 6,056 shares during the period. UMB Bank n.a.’s holdings in Schlumberger were worth $12,393,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BluePath Capital Management LLC acquired a new stake in Schlumberger during the 3rd quarter valued at $25,000. Acadian Asset Management LLC acquired a new stake in Schlumberger during the 1st quarter valued at $25,000. Coppell Advisory Solutions LLC acquired a new stake in Schlumberger during the 2nd quarter valued at $27,000. MCF Advisors LLC grew its holdings in Schlumberger by 1,355.9% during 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 last quarter. Finally, Indiana Trust & Investment Management CO acquired a new stake in Schlumberger during the 3rd quarter valued at $31,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SLB has been the topic of several analyst reports. Stifel Nicolaus raised their price objective on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Benchmark restated a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a report on Wednesday. Royal Bank of Canada raised their price objective on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company raised their price objective on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Finally, Barclays decreased their price objective on Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.07.

View Our Latest Report on Schlumberger

Insider Buying and Selling at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mogharbel Khaled Al sold 38,570 shares of the firm’s stock in a transaction that occurred 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 approximately $19,504,523.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by company insiders.

Schlumberger Price Performance

SLB opened at $54.86 on Thursday. The firm has a market cap of $78.31 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The company’s 50-day moving average price is $50.84 and its 200 day moving average price is $52.96. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

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

Schlumberger Announces Dividend

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

Schlumberger Company 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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