First Financial Corp IN reduced its stake in Schlumberger Limited. (NYSE:SLB) by 29.7% in the first quarter, HoldingsChannel.com reports. The fund owned 2,122 shares of the oil and gas company’s stock after selling 895 shares during the quarter. First Financial Corp IN’s holdings in Schlumberger were worth $92,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CX Institutional lifted its stake in shares of Schlumberger by 158.4% in the 1st quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 396 shares during the period. Highwater Wealth Management LLC acquired a new stake in shares of Schlumberger in the 4th quarter worth approximately $45,000. IMS Capital Management acquired a new stake in shares of Schlumberger in the 3rd quarter worth approximately $46,000. Old North State Trust LLC lifted its stake in shares of Schlumberger by 100.2% in the 1st quarter. Old North State Trust LLC now owns 871 shares of the oil and gas company’s stock worth $37,000 after acquiring an additional 436 shares during the period. Finally, Berman Capital Advisors LLC bought a new stake in shares of Schlumberger in the 4th quarter worth approximately $31,000. 78.94% of the stock is owned by institutional investors.

SLB stock opened at $47.41 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $65.61 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 2.50 and a beta of 1.33. Schlumberger Limited. has a 12 month low of $34.99 and a 12 month high of $75.43.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.10 billion. Schlumberger had a net margin of 6.51% and a return on equity of 6.12%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Schlumberger Limited. will post 1.59 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Wednesday, February 13th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Tuesday, February 12th. Schlumberger’s dividend payout ratio is 123.46%.

A number of analysts recently commented on SLB shares. Royal Bank of Canada set a $58.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Friday, January 18th. Raymond James reiterated a “hold” rating on shares of Schlumberger in a report on Tuesday, April 2nd. Zacks Investment Research upgraded shares of Schlumberger from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 6th. Credit Suisse Group downgraded shares of Schlumberger from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $65.00 to $44.00 in a report on Wednesday, December 19th. Finally, Barclays cut their price target on shares of Schlumberger from $52.00 to $49.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $65.00.

In other Schlumberger news, EVP Peuch Olivier Le sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $44.00, for a total value of $660,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

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About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

Further Reading: Stock Symbol

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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