Schlumberger Limited (NYSE:SLB) Shares Purchased by First American Trust FSB

First American Trust FSB grew its position in shares of Schlumberger Limited (NYSE:SLB) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,006 shares of the oil and gas company’s stock after buying an additional 2,148 shares during the period. First American Trust FSB’s holdings in Schlumberger were worth $8,171,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Highland Capital Management LLC lifted its holdings in Schlumberger by 2,494.0% during the 4th quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock worth $5,278,000 after buying an additional 97,516 shares during the last quarter. Guinness Asset Management LTD lifted its holdings in Schlumberger by 0.3% during the 3rd quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock worth $19,468,000 after buying an additional 965 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Schlumberger by 36.4% during the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after buying an additional 380,185 shares during the last quarter. Allworth Financial LP lifted its holdings in Schlumberger by 3.8% during the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after buying an additional 206 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Schlumberger by 6.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock worth $31,726,000 after buying an additional 35,763 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the sale, the executive vice president now owns 261,507 shares of the company’s stock, valued at $12,688,319.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.64, for a total value of $304,000.00. Following the completion of the sale, the chief financial officer now directly owns 242,932 shares of the company’s stock, valued at approximately $11,816,212.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 172,191 shares of company stock valued at $8,636,322. Insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of SLB stock traded down $0.33 during mid-day trading on Monday, hitting $51.67. 9,471,446 shares of the stock traded hands, compared to its average volume of 11,307,502. Schlumberger Limited has a twelve month low of $42.73 and a twelve month high of $62.12. The firm has a market cap of $73.75 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 0.94 and a beta of 1.60. The company’s 50-day simple moving average is $51.30 and its 200-day simple moving average is $52.62. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. As a group, equities research analysts expect that Schlumberger Limited will post 3.52 earnings per share for the current year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.94%. Schlumberger’s payout ratio is 34.25%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Benchmark reissued a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a report on Wednesday, April 3rd. Royal Bank of Canada raised their price target on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Bank of America raised their price target on Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company raised their price target on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Finally, HSBC restated a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a research report on Thursday, April 4th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Schlumberger has an average rating of “Moderate Buy” and an average price target of $70.31.

Schlumberger 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.