Dubuque Bank & Trust Co. boosted its position in shares of Schlumberger (NYSE:SLB) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,778 shares of the oil and gas company’s stock after acquiring an additional 1,420 shares during the quarter. Schlumberger accounts for approximately 1.3% of Dubuque Bank & Trust Co.’s investment portfolio, making the stock its 20th biggest holding. Dubuque Bank & Trust Co.’s holdings in Schlumberger were worth $8,274,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Meyer Handelman Co. raised its position in shares of Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock valued at $16,193,000 after purchasing an additional 25,494 shares during the period. WFG Advisors LP raised its position in shares of Schlumberger by 51.5% in the second quarter. WFG Advisors LP now owns 11,332 shares of the oil and gas company’s stock valued at $746,000 after purchasing an additional 3,853 shares during the period. Randolph Co Inc bought a new position in shares of Schlumberger in the fourth quarter valued at about $10,771,000. First Eagle Investment Management LLC raised its position in shares of Schlumberger by 8.6% in the third quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock valued at $1,214,244,000 after purchasing an additional 1,380,252 shares during the period. Finally, Clinton Group Inc. raised its position in shares of Schlumberger by 448.4% in the second quarter. Clinton Group Inc. now owns 110,621 shares of the oil and gas company’s stock valued at $7,283,000 after purchasing an additional 90,448 shares during the period. 79.90% of the stock is currently owned by institutional investors.
In other news, CFO Simon Ayat sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $78.86, for a total value of $5,914,500.00. Following the sale, the chief financial officer now directly owns 138,827 shares in the company, valued at approximately $10,947,897.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Howard Guild sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the sale, the insider now owns 22,410 shares in the company, valued at $1,753,806.60. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 18,000 shares of company stock worth $1,163,650. 0.48% of the stock is currently owned by corporate insiders.
Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $8.18 billion for the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. analysts predict that Schlumberger will post 2.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. Schlumberger’s payout ratio is currently 133.33%.
Several equities analysts have recently weighed in on the stock. Jefferies Group set a $85.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research report on Wednesday. Cowen reissued a “buy” rating and issued a $81.00 price objective on shares of Schlumberger in a research report on Thursday, March 15th. Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, January 22nd. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Finally, Atlantic Securities raised shares of Schlumberger from a “neutral” rating to an “overweight” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. Schlumberger presently has a consensus rating of “Buy” and an average target price of $81.23.
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Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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