Field & Main Bank Purchases 1,325 Shares of Schlumberger Limited (NYSE:SLB)

Field & Main Bank increased its holdings in Schlumberger Limited (NYSE:SLB) by 48.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,050 shares of the oil and gas company’s stock after purchasing an additional 1,325 shares during the period. Field & Main Bank’s holdings in Schlumberger were worth $211,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Highland Capital Management LLC increased its holdings in shares of Schlumberger by 2,494.0% in the fourth 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 period. Guinness Asset Management LTD lifted its position in Schlumberger by 0.3% in the third quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock valued at $19,468,000 after purchasing an additional 965 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Schlumberger by 36.4% during the fourth quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock valued at $74,080,000 after purchasing an additional 380,185 shares during the period. Allworth Financial LP grew its holdings in shares of Schlumberger by 3.8% in the third quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 206 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Schlumberger by 6.3% in the fourth 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 period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $65.00 price target on shares of Schlumberger in a research report on Monday, April 22nd. Bank of America reduced their price target on Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Barclays dropped their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. BMO Capital Markets reduced their target price on Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Finally, 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 research note on Wednesday, April 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.72.

Schlumberger Stock Up 0.0 %

Schlumberger stock traded up $0.01 during mid-day trading on Monday, hitting $49.21. The company had a trading volume of 9,211,325 shares, compared to its average volume of 11,160,987. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $51.75 and its two-hundred day moving average price is $52.02. The company has a market capitalization of $70.34 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.95 and a beta of 1.60.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.75. The company had revenue of $8.71 billion for the quarter, compared to analysts’ expectations of $8.70 billion. Schlumberger had a net margin of 12.72% and a return on equity of 21.88%. Schlumberger’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. As a group, sell-side analysts anticipate that Schlumberger Limited will post 3.51 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a dividend of $0.275 per share. The ex-dividend date is Wednesday, June 5th. This represents a $1.10 annualized dividend and a dividend yield of 2.24%. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is 36.54%.

Insider Buying and Selling

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.64, for a total transaction of $304,000.00. Following the sale, the chief financial officer now directly owns 242,932 shares in the company, valued at approximately $11,816,212.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $48.64, for a total transaction of $304,000.00. Following the transaction, the chief financial officer now owns 242,932 shares in the company, valued at approximately $11,816,212.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gavin Rennick sold 20,045 shares of Schlumberger stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $48.77, for a total transaction of $977,594.65. Following the completion of the sale, the insider now owns 77,563 shares of the company’s stock, valued at $3,782,747.51. The disclosure for this sale can be found here. Insiders sold a total of 76,295 shares of company stock worth $3,707,595 in the last three months. Insiders own 0.26% of the company’s stock.

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.