Hancock Whitney Corp Has $754,000 Position in Schlumberger Limited (NYSE:SLB)

Hancock Whitney Corp cut its position in Schlumberger Limited (NYSE:SLB) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 19,660 shares of the oil and gas company’s stock after selling 500 shares during the quarter. Hancock Whitney Corp’s holdings in Schlumberger were worth $754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Schlumberger by 16.7% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 857,155 shares of the oil and gas company’s stock worth $34,595,000 after buying an additional 122,821 shares during the period. Evercore Wealth Management LLC increased its holdings in shares of Schlumberger by 21.8% in the fourth quarter. Evercore Wealth Management LLC now owns 14,066 shares of the oil and gas company’s stock worth $539,000 after acquiring an additional 2,520 shares in the last quarter. Syon Capital LLC raised its position in shares of Schlumberger by 3.3% during the fourth quarter. Syon Capital LLC now owns 21,009 shares of the oil and gas company’s stock worth $806,000 after purchasing an additional 663 shares during the period. Coppell Advisory Solutions LLC lifted its holdings in shares of Schlumberger by 73.1% during the 4th quarter. Coppell Advisory Solutions LLC now owns 4,033 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 1,703 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Schlumberger by 49.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 128,821 shares of the oil and gas company’s stock valued at $4,939,000 after purchasing an additional 42,585 shares during the period. 81.99% of the stock is owned by institutional investors.

Schlumberger Trading Down 1.1 %

Shares of NYSE:SLB opened at $34.53 on Friday. The company has a 50-day simple moving average of $38.61 and a 200 day simple moving average of $40.39. The company has a market capitalization of $46.96 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. 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 Limited has a 52-week low of $31.11 and a 52-week high of $50.94.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Sell-side analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Analyst Ratings Changes

SLB has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their target price on shares of Schlumberger from $59.00 to $58.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Susquehanna dropped their price target on Schlumberger from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised Schlumberger from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Finally, Citigroup lifted their target price on Schlumberger from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Schlumberger has a consensus rating of “Moderate Buy” and a consensus target price of $53.85.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the business’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 completion of the sale, the insider now directly owns 30,829 shares of the company’s stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,647 shares of company stock worth $4,876,679 over the last ninety days. Insiders own 0.26% of the company’s stock.

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.