VeraBank N.A. Takes Position in Schlumberger Limited. (SLB)

VeraBank N.A. acquired a new position in shares of Schlumberger Limited. (NYSE:SLB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,239 shares of the oil and gas company’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds also recently modified their holdings of SLB. CX Institutional boosted its position in shares of Schlumberger by 158.4% during the first quarter. CX Institutional now owns 646 shares of the oil and gas company’s stock worth $28,000 after buying an additional 396 shares during the period. Berman Capital Advisors LLC acquired a new position in shares of Schlumberger during the fourth quarter worth approximately $31,000. Bruderman Asset Management LLC acquired a new position in shares of Schlumberger during the fourth quarter worth approximately $33,000. Sontag Advisory LLC acquired a new position in shares of Schlumberger during the fourth quarter worth approximately $36,000. Finally, Exane Asset Management acquired a new stake in Schlumberger in the fourth quarter worth approximately $37,000. Institutional investors own 77.85% of the company’s stock.

In other news, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $43.29, for a total value of $374,155.47. Following the transaction, the insider now directly owns 70,260 shares of the company’s stock, valued at $3,041,555.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $46.10, for a total transaction of $1,152,500.00. Following the completion of the transaction, the chief financial officer now directly owns 255,971 shares in the company, valued at $11,800,263.10. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

NYSE:SLB traded down $0.49 during trading hours on Friday, hitting $37.00. 7,505,570 shares of the stock traded hands, compared to its average volume of 10,188,704. The company has a quick ratio of 0.99, a current ratio of 1.35 and a debt-to-equity ratio of 0.45. Schlumberger Limited. has a fifty-two week low of $34.99 and a fifty-two week high of $70.47. The company has a market cap of $51.51 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.31.

Schlumberger (NYSE:SLB) last announced its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. Schlumberger had a net margin of 6.19% and a return on equity of 5.87%. The company had revenue of $7.88 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same period in the previous year, the business earned $0.38 EPS. The company’s revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Schlumberger Limited. will post 1.57 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Tuesday, June 4th. Schlumberger’s dividend payout ratio (DPR) is currently 123.46%.

SLB has been the subject of a number of research analyst reports. SunTrust Banks upped their target price on Schlumberger to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Goldman Sachs Group initiated coverage on Schlumberger in a research report on Sunday, March 10th. They issued a “buy” rating and a $55.00 target price for the company. Barclays cut their target price on Schlumberger from $52.00 to $49.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 9th. Raymond James restated a “hold” rating on shares of Schlumberger in a research report on Tuesday, April 2nd. Finally, Jefferies Financial Group downgraded Schlumberger from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $45.00 in a research report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.16.

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About Schlumberger

Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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