AMG National Trust Bank Has $1.04 Million Holdings in Schlumberger Limited (NYSE:SLB)

AMG National Trust Bank boosted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 290.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,316 shares of the oil and gas company's stock after acquiring an additional 20,318 shares during the period. AMG National Trust Bank's holdings in Schlumberger were worth $1,036,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Concurrent Investment Advisors LLC increased its stake in shares of Schlumberger by 269.1% in the third quarter. Concurrent Investment Advisors LLC now owns 19,718 shares of the oil and gas company's stock valued at $827,000 after purchasing an additional 14,376 shares during the period. Graypoint LLC increased its stake in shares of Schlumberger by 3.4% in the third quarter. Graypoint LLC now owns 9,536 shares of the oil and gas company's stock valued at $400,000 after purchasing an additional 311 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Schlumberger in the third quarter valued at approximately $5,444,000. Equitable Trust Co. increased its stake in shares of Schlumberger by 33.7% in the third quarter. Equitable Trust Co. now owns 10,830 shares of the oil and gas company's stock valued at $454,000 after purchasing an additional 2,727 shares during the period. Finally, Tompkins Financial Corp increased its stake in shares of Schlumberger by 5.5% in the third quarter. Tompkins Financial Corp now owns 5,800 shares of the oil and gas company's stock valued at $243,000 after purchasing an additional 300 shares during the period. Institutional investors own 81.99% of the company's stock.

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Schlumberger Stock Performance

SLB traded up $1.60 during trading on Friday, hitting $41.36. The stock had a trading volume of 19,613,595 shares, compared to its average volume of 14,443,572. The firm has a market cap of $56.25 billion, a PE ratio of 13.30, a P/E/G ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a 50 day simple moving average of $40.73 and a 200-day simple moving average of $41.64.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS. Analysts expect that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is an increase from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.76%. Schlumberger's payout ratio is presently 36.66%.

Insider Transactions at Schlumberger

In other news, VP Ugo Prechner sold 7,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now owns 11,240 shares in the company, valued at approximately $496,808. The trade was a 38.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SLB. Atb Cap Markets lowered shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a research note on Tuesday, November 12th. Royal Bank of Canada restated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Finally, Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $55.81.

About Schlumberger

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.