NBT Bank N A NY Raises Stock Holdings in Schlumberger Limited (NYSE:SLB)

NBT Bank N A NY raised its stake in Schlumberger Limited (NYSE:SLB) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,769 shares of the oil and gas company’s stock after purchasing an additional 461 shares during the period. NBT Bank N A NY’s holdings in Schlumberger were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SLB. Brighton Jones LLC raised its stake in shares of Schlumberger by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 1,166 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Schlumberger in the fourth quarter worth $1,815,000. Allworth Financial LP increased its position in shares of Schlumberger by 51.3% during the fourth quarter. Allworth Financial LP now owns 7,716 shares of the oil and gas company’s stock worth $321,000 after purchasing an additional 2,615 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Schlumberger by 56.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 22,317 shares of the oil and gas company’s stock worth $856,000 after purchasing an additional 8,011 shares in the last quarter. Finally, Sierra Ocean LLC purchased a new stake in shares of Schlumberger during the 4th quarter valued at $74,000. 81.99% of the stock is currently owned by institutional investors.

Schlumberger Trading Up 0.6%

NYSE SLB opened at $36.14 on Wednesday. Schlumberger Limited has a 1 year low of $31.11 and a 1 year high of $50.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $49.16 billion, a PE ratio of 12.25, a P/E/G ratio of 9.30 and a beta of 1.01. The company has a fifty day moving average of $34.44 and a 200 day moving average of $38.24.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). Schlumberger had a net margin of 11.62% and a return on equity of 21.76%. The company had revenue of $8.49 billion for the quarter, compared to analysts’ expectations of $8.64 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 2.5% on a year-over-year basis. Research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a $0.285 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a yield of 3.15%. Schlumberger’s dividend payout ratio is presently 38.64%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Susquehanna dropped their target price on Schlumberger from $48.00 to $46.00 and set a “positive” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lowered their price target on Schlumberger from $46.00 to $43.00 and set an “overweight” rating for the company in a report on Thursday, June 5th. Jefferies Financial Group cut their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley lowered their target price on shares of Schlumberger from $50.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, May 16th. Four research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.38.

Insider Transactions at Schlumberger

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the sale, the director now directly owns 23,525 shares of the company’s stock, valued at $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the transaction, the insider now owns 31,031 shares of the company’s stock, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

About Schlumberger

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.