Schlumberger Limited (NYSE:SLB) Shares Acquired by Webster Bank N. A.

Webster Bank N. A. increased its stake in shares of Schlumberger Limited (NYSE:SLBFree Report) by 366.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,373 shares of the oil and gas company’s stock after purchasing an additional 2,650 shares during the period. Webster Bank N. A.’s holdings in Schlumberger were worth $176,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. BluePath Capital Management LLC purchased a new stake in shares of Schlumberger in the third quarter valued at $25,000. MCF Advisors LLC lifted its holdings in Schlumberger by 1,355.9% in the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 461 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Schlumberger during the 3rd quarter worth about $31,000. Coppell Advisory Solutions LLC purchased a new stake in shares of Schlumberger during the second quarter worth about $27,000. Finally, Global Trust Asset Management LLC raised its position in shares of Schlumberger by 51.5% in the third quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Stifel Nicolaus lifted their target price on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and issued a $66.00 price target on shares of Schlumberger in a research note on Thursday, February 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Schlumberger in a research report on Monday. Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research report on Monday, March 4th. Finally, Wells Fargo & Company boosted their price objective on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger currently has an average rating of “Moderate Buy” and a consensus price target of $70.87.

View Our Latest Stock Analysis on Schlumberger

Insider Activity at Schlumberger

In other Schlumberger news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the transaction, the chief financial officer now owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CAO Howard Guild sold 22,853 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the transaction, the chief accounting officer now directly owns 22,181 shares in the company, valued at approximately $1,145,870.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.78, for a total transaction of $329,875.00. Following the completion of the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 over the last three months. 0.26% of the stock is owned by insiders.

Schlumberger Price Performance

Shares of NYSE SLB opened at $54.67 on Wednesday. The business has a 50 day moving average price of $50.77 and a two-hundred day moving average price of $52.95. Schlumberger Limited has a fifty-two week low of $42.73 and a fifty-two week high of $62.12. The firm has a market cap of $78.04 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.60. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLBGet Free Report) 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, topping analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The business had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that Schlumberger Limited will post 3.54 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a yield of 1.83%. Schlumberger’s dividend payout ratio (DPR) is 34.25%.

Schlumberger Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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