First Western Trust Bank Sells 16,393 Shares of Schlumberger Limited (NYSE:SLB)

First Western Trust Bank reduced its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 10.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,637 shares of the oil and gas company's stock after selling 16,393 shares during the quarter. Schlumberger accounts for 0.3% of First Western Trust Bank's investment portfolio, making the stock its 28th biggest holding. First Western Trust Bank's holdings in Schlumberger were worth $5,660,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in Schlumberger in the 4th quarter valued at $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger during the fourth quarter worth about $32,000. Golden State Wealth Management LLC acquired a new stake in shares of Schlumberger in the fourth quarter valued at $34,000. Hager Investment Management Services LLC acquired a new position in Schlumberger during the 4th quarter worth $38,000. Finally, Bogart Wealth LLC increased its position in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Stock Up 1.2 %

Shares of NYSE SLB traded up $0.39 during midday trading on Wednesday, reaching $32.34. The company's stock had a trading volume of 17,017,155 shares, compared to its average volume of 12,692,042. The stock has a 50 day simple moving average of $40.47 and a 200-day simple moving average of $41.24. 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 stock has a market capitalization of $43.98 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a fifty-two week low of $30.31 and a fifty-two week high of $54.63.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly 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 analysts' expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. Equities research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th were paid a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.52%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is currently 36.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SLB shares. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Piper Sandler assumed coverage on Schlumberger in a research note on Thursday, December 19th. They set a "neutral" rating and a $47.00 price objective for the company. Finally, Atb Cap Markets lowered Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Schlumberger currently has an average rating of "Moderate Buy" and an average price target of $54.68.

Insider Activity

In related news, insider Dianne B. Ralston sold 43,161 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the transaction, the insider now directly owns 235,024 shares of the company's stock, valued at approximately $10,331,655.04. The trade was a 15.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares of the company's stock, valued at $8,140,160.34. This represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is owned by insiders.

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.