Schlumberger Limited (NYSE:SLB) Shares Acquired by Hilltop National Bank

Hilltop National Bank lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 70.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,522 shares of the oil and gas company’s stock after purchasing an additional 3,102 shares during the period. Hilltop National Bank’s holdings in Schlumberger were worth $288,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC increased its position in Schlumberger by 38.8% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 6,836 shares of the oil and gas company’s stock valued at $323,000 after acquiring an additional 1,912 shares during the period. Headlands Technologies LLC increased its position in Schlumberger by 1,302.3% in the 2nd quarter. Headlands Technologies LLC now owns 9,115 shares of the oil and gas company’s stock valued at $430,000 after acquiring an additional 8,465 shares during the period. Oppenheimer & Co. Inc. increased its position in Schlumberger by 16.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 138,341 shares of the oil and gas company’s stock valued at $6,527,000 after acquiring an additional 19,636 shares during the period. Meeder Advisory Services Inc. increased its position in Schlumberger by 25.5% in the 2nd quarter. Meeder Advisory Services Inc. now owns 36,432 shares of the oil and gas company’s stock valued at $1,719,000 after acquiring an additional 7,412 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Schlumberger in the 2nd quarter valued at about $2,884,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Schlumberger Price Performance

SLB stock opened at $38.66 on Friday. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The stock’s 50 day moving average price is $40.97 and its 200 day moving average price is $43.10. The firm has a market cap of $54.59 billion, a P/E ratio of 12.43, a PEG ratio of 1.42 and a beta of 1.52.

Schlumberger (NYSE:SLB) last posted its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the prior year, the company earned $0.78 EPS. Schlumberger’s revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts expect that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 4th were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Wednesday, December 4th. Schlumberger’s payout ratio is currently 35.37%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Bank of America dropped their price target on Schlumberger from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. BMO Capital Markets lowered their price objective on Schlumberger from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company lowered their price objective on Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, December 17th. Atb Cap Markets lowered Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, UBS Group lowered their price objective on Schlumberger from $63.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, September 18th. Five equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Schlumberger has an average rating of “Moderate Buy” and a consensus price target of $57.58.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

Schlumberger Company 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.