Trust Co. of Toledo NA OH Has $2.32 Million Stock Position in Schlumberger Limited $SLB

Trust Co. of Toledo NA OH decreased its position in shares of Schlumberger Limited (NYSE:SLB) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,737 shares of the oil and gas company’s stock after selling 813 shares during the period. Trust Co. of Toledo NA OH’s holdings in Schlumberger were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Charles Schwab Investment Management Inc. increased its holdings in shares of Schlumberger by 478.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock valued at $1,994,674,000 after purchasing an additional 39,474,501 shares in the last quarter. Boston Partners increased its stake in shares of Schlumberger by 27.7% in the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock valued at $824,160,000 after buying an additional 4,300,222 shares during the period. Northern Trust Corp increased its position in Schlumberger by 4.4% in the first quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock worth $602,860,000 after purchasing an additional 604,832 shares during the period. Dimensional Fund Advisors LP increased its position in Schlumberger by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock worth $375,738,000 after purchasing an additional 1,667,203 shares during the period. Finally, Invesco Ltd. increased its position in Schlumberger by 3.8% in the first quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock worth $320,154,000 after purchasing an additional 281,937 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the transaction, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SLB shares. Zacks Research upgraded shares of Schlumberger from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Schlumberger in a report on Wednesday. Melius Research started coverage on Schlumberger in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Barclays decreased their price objective on Schlumberger from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Finally, Melius started coverage on shares of Schlumberger in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.18.

Schlumberger Stock Down 4.2%

Schlumberger stock opened at $31.75 on Friday. The stock has a market capitalization of $47.42 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 9.21 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The company has a 50 day moving average of $34.53 and a 200-day moving average of $34.91.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. On average, equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Wednesday, September 3rd. Schlumberger’s dividend payout ratio is currently 39.04%.

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.