Community Trust & Investment Co. grew its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 54.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 214,715 shares of the oil and gas company’s stock after purchasing an additional 75,679 shares during the quarter. Schlumberger comprises approximately 1.6% of Community Trust & Investment Co.’s portfolio, making the stock its 25th biggest holding. Community Trust & Investment Co.’s holdings in Schlumberger were worth $14,979,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its holdings in shares of Schlumberger by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after buying an additional 8 shares in the last quarter. Family Legacy Inc. lifted its holdings in shares of Schlumberger by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after buying an additional 30 shares in the last quarter. Frontier Wealth Management LLC lifted its holdings in shares of Schlumberger by 0.4% in the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after buying an additional 35 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in shares of Schlumberger by 0.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after buying an additional 36 shares in the last quarter. Finally, Glassman Wealth Services lifted its holdings in shares of Schlumberger by 0.8% in the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock worth $347,000 after buying an additional 44 shares in the last quarter. 79.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on SLB shares. Goldman Sachs Group downgraded shares of Schlumberger from a “conviction-buy” rating to a “buy” rating and set a $75.00 price target on the stock. in a report on Monday, November 13th. Piper Jaffray Companies set a $74.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Saturday, October 21st. Citigroup lowered their price target on shares of Schlumberger from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, October 25th. Barclays set a $70.00 price target on shares of Schlumberger and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Credit Suisse Group set a $71.00 target price on shares of Schlumberger and gave the company a “buy” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger presently has a consensus rating of “Buy” and an average price target of $79.56.
In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.38% of the company’s stock.
Schlumberger Limited. (NYSE SLB) opened at $77.97 on Friday. The company has a market cap of $108,010.00, a P/E ratio of 199.92, a price-to-earnings-growth ratio of 1.59 and a beta of 1.01. Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53.
Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The business’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm posted $0.25 earnings per share. sell-side analysts predict that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is presently 512.82%.
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Schlumberger Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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