Northwest Bank & Trust Co Has $778,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Northwest Bank & Trust Co raised its holdings in Schlumberger Limited (NYSE:SLB) by 2.5% in the third quarter, Holdings Channel.com reports. The fund owned 18,546 shares of the oil and gas company’s stock after acquiring an additional 453 shares during the quarter. Northwest Bank & Trust Co’s holdings in Schlumberger were worth $778,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SS&H Financial Advisors Inc. lifted its stake in shares of Schlumberger by 15.7% in the third quarter. SS&H Financial Advisors Inc. now owns 37,541 shares of the oil and gas company’s stock worth $1,575,000 after buying an additional 5,100 shares during the last quarter. Sanders Morris Harris LLC increased its position in Schlumberger by 102.0% during the third quarter. Sanders Morris Harris LLC now owns 249,150 shares of the oil and gas company’s stock worth $10,452,000 after acquiring an additional 125,779 shares during the period. Perpetual Ltd increased its position in Schlumberger by 5.5% during the third quarter. Perpetual Ltd now owns 39,419 shares of the oil and gas company’s stock worth $1,654,000 after acquiring an additional 2,044 shares during the period. Enterprise Bank & Trust Co increased its position in Schlumberger by 2.6% during the third quarter. Enterprise Bank & Trust Co now owns 34,530 shares of the oil and gas company’s stock worth $1,449,000 after acquiring an additional 878 shares during the period. Finally, Sanibel Captiva Trust Company Inc. increased its holdings in Schlumberger by 1.6% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 209,149 shares of the oil and gas company’s stock valued at $8,774,000 after buying an additional 3,272 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Schlumberger news, EVP Mogharbel Khaled Al sold 120,668 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the completion of the transaction, the executive vice president now directly owns 247,699 shares of the company’s stock, valued at approximately $12,432,012.81. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Schlumberger news, EVP Mogharbel Khaled Al sold 120,668 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $50.19, for a total transaction of $6,056,326.92. Following the sale, the executive vice president now owns 247,699 shares in the company, valued at $12,432,012.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephane Biguet sold 50,048 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $49.94, for a total value of $2,499,397.12. Following the sale, the chief financial officer now owns 203,076 shares in the company, valued at $10,141,615.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 180,716 shares of company stock valued at $9,048,624 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on SLB shares. Barclays reduced their price target on shares of Schlumberger from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Bank of America reduced their price target on shares of Schlumberger from $62.00 to $58.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. TD Cowen upped their price target on shares of Schlumberger from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Citigroup reduced their price target on shares of Schlumberger from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, Morgan Stanley reduced their price target on shares of Schlumberger from $65.00 to $60.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Schlumberger presently has a consensus rating of “Moderate Buy” and an average target price of $64.08.

Schlumberger Trading Up 1.4 %

Schlumberger stock traded up $0.62 during mid-day trading on Thursday, hitting $44.83. 3,181,195 shares of the stock were exchanged, compared to its average volume of 11,036,743. The firm’s fifty day simple moving average is $43.14 and its two-hundred day simple moving average is $46.55. The stock has a market capitalization of $63.65 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 0.98 and a beta of 1.51. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. Schlumberger Limited has a 12 month low of $38.66 and a 12 month high of $61.20.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, July 19th. The oil and gas company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.08 billion. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. Schlumberger’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 EPS. Analysts forecast that Schlumberger Limited will post 3.47 EPS for the current year.

Schlumberger Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Wednesday, September 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, September 4th. Schlumberger’s dividend payout ratio is presently 36.54%.

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.