Stock Yards Bank & Trust Co. Reduces Stake in Schlumberger Limited (NYSE:SLB)

Stock Yards Bank & Trust Co. decreased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 394,857 shares of the oil and gas company's stock after selling 9,264 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Schlumberger were worth $15,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its stake in Schlumberger by 10.1% during the 2nd quarter. Cetera Investment Advisers now owns 238,145 shares of the oil and gas company's stock worth $11,236,000 after acquiring an additional 21,760 shares in the last quarter. Czech National Bank lifted its holdings in shares of Schlumberger by 6.2% in the 3rd quarter. Czech National Bank now owns 289,269 shares of the oil and gas company's stock valued at $12,135,000 after purchasing an additional 16,919 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Schlumberger by 3.6% in the 3rd quarter. Harbor Investment Advisory LLC now owns 17,954 shares of the oil and gas company's stock valued at $753,000 after purchasing an additional 618 shares during the period. Quent Capital LLC increased its position in Schlumberger by 31.3% during the third quarter. Quent Capital LLC now owns 1,509 shares of the oil and gas company's stock worth $63,000 after buying an additional 360 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Schlumberger by 7.0% in the third quarter. GAMMA Investing LLC now owns 15,870 shares of the oil and gas company's stock valued at $666,000 after buying an additional 1,042 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Stock Performance

NYSE SLB opened at $40.21 on Monday. The business has a 50 day moving average price of $40.49 and a 200 day moving average price of $42.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The company has a market capitalization of $56.32 billion, a P/E ratio of 12.93, a PEG ratio of 9.55 and a beta of 1.51. 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 announced its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. Sell-side analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, February 5th. This is an increase from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is 35.37%.

Analysts Set New Price Targets

SLB has been the topic of a number of research reports. Sanford C. Bernstein upgraded shares of Schlumberger to a "strong-buy" rating in a research report on Tuesday, November 12th. Susquehanna dropped their price objective on shares of Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a research note on Monday, October 21st. 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. TD Cowen increased their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their target price on Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. Six research 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's stock. According to data from MarketBeat, Schlumberger presently has a consensus rating of "Moderate Buy" and a consensus target price of $55.81.

Insider Transactions at Schlumberger

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now owns 49,595 shares in the company, valued at approximately $2,179,204.30. This represents a 33.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the transaction, the executive vice president now directly owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 263,782 shares of company stock valued at $11,442,229 in the last ninety days. Corporate insiders own 0.26% of the company's stock.

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.

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