6,410 Shares in Schlumberger Limited (NYSE:SLB) Bought by Community Bank of Raymore

Community Bank of Raymore bought a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,410 shares of the oil and gas company's stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ORG Partners LLC boosted its stake in Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 484 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Schlumberger in the third quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in Schlumberger during the third quarter worth $37,000. DiNuzzo Private Wealth Inc. boosted its holdings in Schlumberger by 1,068.3% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company's stock valued at $40,000 after purchasing an additional 876 shares during the period. Finally, J. Stern & Co. LLP acquired a new stake in Schlumberger in the 3rd quarter worth $47,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares of the company's stock, valued at $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have commented on SLB shares. Piper Sandler began coverage on Schlumberger in a research report on Thursday, December 19th. They issued a "neutral" rating and a $47.00 price objective for the company. Atb Cap Markets cut Schlumberger from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Sanford C. Bernstein raised shares of Schlumberger to a "strong-buy" rating in a report on Tuesday, November 12th. Bank of America reduced their price objective on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, October 14th. Finally, Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research report on Friday, December 20th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of "Moderate Buy" and an average price target of $56.03.

Schlumberger Stock Performance

SLB stock traded up $2.49 during trading hours on Monday, hitting $43.58. 30,717,717 shares of the stock were exchanged, compared to its average volume of 10,770,376. 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 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $40.86 and a two-hundred day simple moving average of $42.84. The firm has a market capitalization of $61.54 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.52.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9,241,140 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. Schlumberger's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. On average, analysts forecast that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared 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 represents a $1.14 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Wednesday, February 5th. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's payout ratio is 35.37%.

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.