Schlumberger Limited (NYSE:SLB) Shares Sold by First Western Trust Bank

First Western Trust Bank lowered its position in Schlumberger Limited (NYSE:SLB - Free Report) by 9.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,030 shares of the oil and gas company's stock after selling 16,283 shares during the quarter. Schlumberger makes up approximately 0.3% of First Western Trust Bank's holdings, making the stock its 26th biggest position. First Western Trust Bank's holdings in Schlumberger were worth $6,881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ORG Partners LLC grew its stake in shares of Schlumberger by 393.5% in 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. Bruce G. Allen Investments LLC lifted its stake in shares of Schlumberger by 204.2% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 392 shares during the period. Unique Wealth Strategies LLC acquired a new stake in Schlumberger during the 2nd quarter worth $30,000. Riverview Trust Co raised its stake in Schlumberger by 90.6% during the 2nd quarter. Riverview Trust Co now owns 648 shares of the oil and gas company's stock worth $31,000 after buying an additional 308 shares during the period. Finally, First Community Trust NA raised its stake in Schlumberger by 264.0% during the 2nd quarter. First Community Trust NA now owns 728 shares of the oil and gas company's stock worth $34,000 after buying an additional 528 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Up 0.8 %

Schlumberger stock traded up $0.35 during mid-day trading on Monday, hitting $43.53. The company had a trading volume of 4,398,229 shares, compared to its average volume of 11,245,937. The company has a quick ratio of 1.12, a current ratio of 1.48 and a debt-to-equity ratio of 0.52. The stock has a market cap of $61.47 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.52 and a beta of 1.52. The business has a fifty day moving average of $42.40 and a 200 day moving average of $44.67. Schlumberger Limited has a 1 year low of $38.66 and a 1 year high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. The business had revenue of $9.16 billion during the quarter, compared to the consensus estimate of $9.27 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The business's revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 EPS. On average, sell-side analysts expect that Schlumberger Limited will post 3.4 earnings per share for the current fiscal year.

Schlumberger Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio (DPR) is 35.37%.

Insider Buying and Selling at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of research reports. Bank of America lowered their target price on Schlumberger from $58.00 to $54.00 and set a "buy" rating for the company in a report on Monday, October 14th. Susquehanna cut their price objective on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating for the company in a research report on Monday, October 21st. Morgan Stanley decreased their target price on shares of Schlumberger from $65.00 to $60.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Stifel Nicolaus reissued a "buy" rating and issued a $60.00 price objective (down previously from $62.00) on shares of Schlumberger in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Schlumberger from $64.00 to $60.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $60.97.

Schlumberger Company 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.