Keybank National Association OH Reduces Stake in Schlumberger Limited. (SLB)

Keybank National Association OH lowered its stake in Schlumberger Limited. (NYSE:SLB) by 5.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,882 shares of the oil and gas company’s stock after selling 36,993 shares during the period. Keybank National Association OH’s holdings in Schlumberger were worth $43,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SLB. Green Square Capital LLC grew its stake in Schlumberger by 126.3% during the 1st quarter. Green Square Capital LLC now owns 6,219 shares of the oil and gas company’s stock worth $489,000 after buying an additional 3,471 shares during the last quarter. Lowe Brockenbrough & Co. Inc. grew its stake in Schlumberger by 3.7% during the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 46,767 shares of the oil and gas company’s stock worth $3,652,000 after buying an additional 1,675 shares during the last quarter. McQueen Ball & Associates Inc. grew its stake in Schlumberger by 1.1% during the 2nd quarter. McQueen Ball & Associates Inc. now owns 19,797 shares of the oil and gas company’s stock worth $1,303,000 after buying an additional 215 shares during the last quarter. West Oak Capital LLC grew its stake in shares of Schlumberger by 2.9% in the 2nd quarter. West Oak Capital LLC now owns 18,007 shares of the oil and gas company’s stock valued at $1,186,000 after purchasing an additional 506 shares during the last quarter. Finally, Pioneer Trust Bank N A OR grew its stake in shares of Schlumberger by 2.1% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 52,249 shares of the oil and gas company’s stock valued at $3,440,000 after purchasing an additional 1,070 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Schlumberger Limited. (SLB) traded down $1.82 during mid-day trading on Friday, reaching $73.69. The company’s stock had a trading volume of 9,066,579 shares, compared to its average volume of 9,300,000. Schlumberger Limited. has a 1 year low of $61.02 and a 1 year high of $83.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The stock has a market capitalization of $102,080.00, a P/E ratio of -67.61, a PEG ratio of 5.59 and a beta of 0.98.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.04. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The firm had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. equities analysts predict that Schlumberger Limited. will post 2.19 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Wednesday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is -183.49%.

In related news, CFO Simon Ayat sold 75,000 shares of the business’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the transaction, the chief financial officer now owns 138,827 shares in the company, valued at $10,947,897.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Howard Guild sold 25,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Several research analysts have weighed in on SLB shares. Citigroup lifted their target price on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Cowen set a $80.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Friday, October 6th. Royal Bank of Canada set a $86.00 price target on Schlumberger and gave the company a “buy” rating in a research note on Saturday, October 7th. Deutsche Bank initiated coverage on Schlumberger in a research note on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price target on the stock. Finally, BMO Capital Markets downgraded Schlumberger from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $74.00 to $72.00 in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. Schlumberger has an average rating of “Buy” and an average target price of $82.29.

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About Schlumberger

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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