First National Bank of Omaha lessened its stake in shares of Schlumberger Limited. (NYSE:SLB) by 4.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 96,366 shares of the oil and gas company’s stock after selling 4,533 shares during the period. First National Bank of Omaha’s holdings in Schlumberger were worth $3,292,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Schlumberger by 1.5% during the second quarter. Vanguard Group Inc. now owns 112,662,996 shares of the oil and gas company’s stock valued at $4,477,227,000 after buying an additional 1,715,548 shares during the period. BlackRock Inc. grew its holdings in Schlumberger by 2.7% in the second quarter. BlackRock Inc. now owns 89,868,836 shares of the oil and gas company’s stock worth $3,571,386,000 after purchasing an additional 2,340,320 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Schlumberger by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 27,028,270 shares of the oil and gas company’s stock worth $1,074,104,000 after purchasing an additional 96,574 shares during the last quarter. Invesco Ltd. grew its holdings in Schlumberger by 57.3% in the second quarter. Invesco Ltd. now owns 16,703,642 shares of the oil and gas company’s stock worth $663,804,000 after purchasing an additional 6,087,455 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in Schlumberger by 4.1% in the third quarter. Fisher Asset Management LLC now owns 12,295,327 shares of the oil and gas company’s stock worth $420,131,000 after purchasing an additional 479,173 shares during the last quarter. 76.52% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Citigroup cut their price target on shares of Schlumberger from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Royal Bank of Canada set a $40.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Monday, October 21st. Barclays set a $47.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Friday, October 18th. Cowen cut their price target on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Schlumberger from $41.00 to $34.00 and set a “neutral” rating on the stock in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and an average target price of $44.82.

In related news, VP Simon Farrant sold 5,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $33.55, for a total transaction of $167,750.00. Following the completion of the transaction, the vice president now directly owns 20,316 shares in the company, valued at $681,601.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

Shares of SLB traded up $0.32 during trading hours on Friday, reaching $36.40. 6,529,214 shares of the company traded hands, compared to its average volume of 13,520,074. The stock has a market capitalization of $50.83 billion, a P/E ratio of 22.47, a P/E/G ratio of 3.45 and a beta of 1.49. The company has a quick ratio of 0.95, a current ratio of 1.29 and a debt-to-equity ratio of 0.67. Schlumberger Limited. has a 12-month low of $30.65 and a 12-month high of $52.58. The business has a fifty day moving average price of $33.99 and a 200-day moving average price of $36.72.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.50 billion. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 earnings per share. As a group, research analysts predict that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Wednesday, December 4th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $2.00 dividend on an annualized basis and a yield of 5.49%. Schlumberger’s dividend payout ratio is presently 123.46%.

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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