Moody National Bank Trust Division Grows Stock Position in Schlumberger Limited (NYSE:SLB)

Moody National Bank Trust Division lifted its position in shares of Schlumberger Limited (NYSE:SLB) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 19,425 shares of the oil and gas company’s stock after acquiring an additional 587 shares during the quarter. Moody National Bank Trust Division’s holdings in Schlumberger were worth $916,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Financial Bank Trust Division increased its stake in shares of Schlumberger by 0.5% in the second quarter. First Financial Bank Trust Division now owns 75,446 shares of the oil and gas company’s stock worth $3,560,000 after purchasing an additional 363 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Schlumberger by 1,852.7% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 54,130 shares of the oil and gas company’s stock valued at $2,554,000 after buying an additional 51,358 shares in the last quarter. First Hawaiian Bank raised its holdings in Schlumberger by 1.9% during the 2nd quarter. First Hawaiian Bank now owns 50,262 shares of the oil and gas company’s stock valued at $2,371,000 after acquiring an additional 961 shares during the period. GAMMA Investing LLC lifted its position in shares of Schlumberger by 12.8% during the second quarter. GAMMA Investing LLC now owns 14,828 shares of the oil and gas company’s stock worth $700,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in shares of Schlumberger in the second quarter valued at $259,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling

In other news, insider Bejar Carmen Rando sold 4,980 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $43.43, for a total transaction of $216,281.40. Following the completion of the sale, the insider now directly owns 22,518 shares in the company, valued at $977,956.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Schlumberger news, CTO Demosthenis Pafitis sold 63,095 shares of Schlumberger stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the sale, the chief technology officer now directly owns 33,421 shares of the company’s stock, valued at approximately $1,612,897.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 4,980 shares of Schlumberger stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $43.43, for a total value of $216,281.40. Following the sale, the insider now owns 22,518 shares in the company, valued at $977,956.74. The disclosure for this sale can be found here. Insiders have sold a total of 286,874 shares of company stock valued at $14,148,517 over the last three months. 0.26% of the stock is owned by company insiders.

Schlumberger Trading Down 2.6 %

NYSE:SLB traded down $1.16 during trading hours on Monday, reaching $43.77. The company’s stock had a trading volume of 12,821,004 shares, compared to its average volume of 9,014,375. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.49. The firm has a market capitalization of $62.15 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.96 and a beta of 1.55. The firm has a 50-day simple moving average of $46.31 and a 200-day simple moving average of $48.92. Schlumberger Limited has a 1 year low of $42.61 and a 1 year high of $62.12.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, July 19th. The oil and gas company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Schlumberger had a return on equity of 21.92% and a net margin of 12.56%. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the previous year, the company posted $0.72 EPS. Schlumberger’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts expect that Schlumberger Limited will post 3.49 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Wednesday, September 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, September 4th. Schlumberger’s dividend payout ratio is 36.54%.

Analyst Ratings Changes

A number of analysts recently issued reports on SLB shares. Stifel Nicolaus reissued a “buy” rating and set a $64.00 price objective on shares of Schlumberger in a report on Monday, April 22nd. StockNews.com cut shares of Schlumberger from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Susquehanna lowered their target price on shares of Schlumberger from $77.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday, July 11th. Morgan Stanley restated an “overweight” rating and set a $65.00 price target on shares of Schlumberger in a research report on Monday, April 22nd. Finally, Barclays lowered their price objective on Schlumberger from $70.00 to $67.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.56.

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.