Keybank National Association OH Reduces Stock Holdings in Schlumberger Limited (NYSE:SLB)

Keybank National Association OH lowered its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,826 shares of the oil and gas company's stock after selling 8,654 shares during the quarter. Keybank National Association OH's holdings in Schlumberger were worth $4,249,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC purchased a new position in shares of Schlumberger in the 3rd quarter valued at approximately $29,000. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC purchased a new position in Schlumberger in the 4th quarter valued at $32,000. Golden State Wealth Management LLC acquired a new position in Schlumberger in the 4th quarter valued at $34,000. Finally, Ashton Thomas Securities LLC purchased a new position in Schlumberger during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 43,161 shares of the stock in a transaction dated 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 in the company, valued at approximately $10,331,655.04. This represents a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the completion of the sale, the insider now owns 53,584 shares of the company's stock, valued at $2,192,657.28. This trade represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 290,772 shares of company stock worth $12,546,660. 0.26% of the stock is owned by insiders.

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Schlumberger Price Performance

SLB stock traded up $1.60 on Friday, reaching $41.36. The company had a trading volume of 19,613,595 shares, compared to its average volume of 14,443,572. The company's fifty day moving average is $40.73 and its 200 day moving average is $41.64. The company has a market cap of $56.25 billion, a P/E ratio of 13.30, a PEG ratio of 10.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business's revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be paid 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 dividend payout ratio is presently 36.66%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI reaffirmed an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. TD Cowen boosted their target price on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Royal Bank of Canada restated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Jefferies Financial Group cut their price objective on Schlumberger from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $55.81.

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.