Country Club Trust Company n.a. cut its holdings in shares of Schlumberger Limited. (NYSE:SLB) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 133,781 shares of the oil and gas company’s stock after selling 1,809 shares during the quarter. Schlumberger accounts for approximately 1.2% of Country Club Trust Company n.a.’s holdings, making the stock its 29th biggest holding. Country Club Trust Company n.a.’s holdings in Schlumberger were worth $9,015,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of SLB. Bristol Advisors LLC bought a new position in shares of Schlumberger in the fourth quarter worth approximately $216,000. Lathrop Investment Management Corp grew its holdings in shares of Schlumberger by 3.0% in the fourth quarter. Lathrop Investment Management Corp now owns 156,560 shares of the oil and gas company’s stock worth $10,551,000 after purchasing an additional 4,495 shares during the last quarter. Adams Asset Advisors LLC grew its holdings in shares of Schlumberger by 117.0% in the fourth quarter. Adams Asset Advisors LLC now owns 214,944 shares of the oil and gas company’s stock worth $8,783,000 after purchasing an additional 115,885 shares during the last quarter. Sawyer & Company Inc bought a new position in shares of Schlumberger in the fourth quarter worth approximately $1,476,000. Finally, Winslow Asset Management Inc. grew its holdings in shares of Schlumberger by 4.2% in the fourth quarter. Winslow Asset Management Inc. now owns 106,267 shares of the oil and gas company’s stock worth $7,161,000 after purchasing an additional 4,332 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Schlumberger Limited. (SLB) opened at $66.50 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $92,120.00, a price-to-earnings ratio of -58.33, a price-to-earnings-growth ratio of 5.12 and a beta of 0.98. Schlumberger Limited. has a 52-week low of $61.02 and a 52-week high of $82.69.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Wednesday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.01%. The ex-dividend date is Tuesday, February 6th. Schlumberger’s dividend payout ratio is currently -175.44%.
Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Piper Jaffray Companies raised their target price on shares of Schlumberger from $74.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, January 19th. ValuEngine cut shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Barclays set a $75.00 target price on shares of Schlumberger and gave the stock a “hold” rating in a report on Tuesday, January 23rd. Finally, Cowen set a $85.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $81.37.
In other news, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares of the company’s stock, valued at approximately $1,753,806.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited. (NYSE:SLB).
Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.