Heartland Bank & Trust Co Has $905,000 Stock Position in Schlumberger Limited (NYSE:SLB)

Heartland Bank & Trust Co lowered its holdings in Schlumberger Limited (NYSE:SLBFree Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,394 shares of the oil and gas company’s stock after selling 1,055 shares during the quarter. Heartland Bank & Trust Co’s holdings in Schlumberger were worth $905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLB. BluePath Capital Management LLC acquired a new stake in shares of Schlumberger during the 3rd quarter worth approximately $25,000. Acadian Asset Management LLC acquired a new stake in shares of Schlumberger during the 1st quarter worth approximately $25,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Schlumberger during the 2nd quarter worth approximately $27,000. MCF Advisors LLC grew its holdings in shares of Schlumberger by 1,355.9% during the 3rd quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 461 shares in the last quarter. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Schlumberger during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the transaction, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Abdellah Merad sold 50,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total transaction of $2,426,000.00. Following the completion of the transaction, the executive vice president now directly owns 261,507 shares of the company’s stock, valued at approximately $12,688,319.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders have sold a total of 172,191 shares of company stock valued at $8,636,322 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

Schlumberger Trading Down 0.2 %

Shares of SLB stock traded down $0.09 on Wednesday, reaching $54.59. 3,400,123 shares of the stock were exchanged, compared to its average volume of 11,376,221. The stock has a market cap of $77.92 billion, a PE ratio of 18.70, a P/E/G ratio of 0.99 and a beta of 1.60. Schlumberger Limited has a one year low of $42.73 and a one year high of $62.12. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The stock has a 50 day moving average price of $50.77 and a 200 day moving average price of $52.95.

Schlumberger (NYSE:SLBGet Free Report) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The firm had revenue of $8.99 billion for the quarter, compared to the consensus estimate of $8.96 billion. During the same quarter last year, the business posted $0.71 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that Schlumberger Limited will post 3.54 EPS for the current fiscal year.

Schlumberger Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 4th. Investors of record on Wednesday, February 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s dividend payout ratio (DPR) is 34.25%.

Wall Street Analysts Forecast Growth

SLB has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Barclays decreased their price objective on Schlumberger from $77.00 to $74.00 and set an “overweight” rating on the stock in a report on Monday, January 22nd. Susquehanna reaffirmed a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research note on Tuesday, February 13th. Benchmark reaffirmed a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a research note on Wednesday. Finally, Wells Fargo & Company boosted their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.07.

View Our Latest Report on SLB

About Schlumberger

(Free Report)

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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