Iberiabank Corp Sells 957 Shares of Schlumberger Limited. (SLB)

Iberiabank Corp decreased its holdings in Schlumberger Limited. (NYSE:SLB) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 60,298 shares of the oil and gas company’s stock after selling 957 shares during the quarter. Iberiabank Corp’s holdings in Schlumberger were worth $4,103,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Aviance Capital Management LLC purchased a new position in Schlumberger in the second quarter worth $100,000. FNY Partners Fund LP purchased a new position in Schlumberger in the fourth quarter worth $101,000. Mountain Capital Investment Advisors Inc purchased a new position in Schlumberger in the second quarter worth $107,000. Jacobi Capital Management LLC grew its holdings in Schlumberger by 95.8% in the second quarter. Jacobi Capital Management LLC now owns 2,044 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Atlantic Trust LLC purchased a new position in Schlumberger in the second quarter worth $137,000. 79.88% of the stock is owned by institutional investors.

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SLB has been the topic of several analyst reports. Piper Jaffray Companies lifted their price target 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 lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada set a $73.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, December 21st. Finally, B. Riley set a $80.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.44.

In other Schlumberger news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were 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 in the company, valued at $1,753,806.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the transaction, the chief financial officer now 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. Corporate insiders own 0.48% of the company’s stock.

Shares of Schlumberger stock opened at $64.14 on Friday. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $80.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95. The company has a market cap of $90,675.29, a price-to-earnings ratio of -58.84, a price-to-earnings-growth ratio of 5.05 and a beta of 1.03.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company had revenue of $8.18 billion for the quarter, compared to analyst estimates of $8.12 billion. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue was up 15.1% on a year-over-year basis. equities research analysts anticipate that Schlumberger Limited. will post 2.16 EPS for the current year.

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 $0.50 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.12%. Schlumberger’s dividend payout ratio (DPR) is currently -183.49%.

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About Schlumberger

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.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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