First National Bank & Trust Co. of Newtown Has $276,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

First National Bank & Trust Co. of Newtown decreased its holdings in Schlumberger Limited (NYSE:SLB) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,302 shares of the oil and gas company’s stock after selling 220 shares during the quarter. First National Bank & Trust Co. of Newtown’s holdings in Schlumberger were worth $276,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SLB. Norges Bank acquired a new position in shares of Schlumberger in the 4th quarter valued at $1,008,286,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Schlumberger by 200.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,736,684 shares of the oil and gas company’s stock worth $527,173,000 after purchasing an additional 7,158,943 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Schlumberger by 79.7% in the 3rd quarter. Royal Bank of Canada now owns 4,919,990 shares of the oil and gas company’s stock worth $286,835,000 after purchasing an additional 2,182,706 shares during the last quarter. Sanders Capital LLC grew its holdings in shares of Schlumberger by 34.9% in the 3rd quarter. Sanders Capital LLC now owns 8,056,492 shares of the oil and gas company’s stock worth $469,693,000 after purchasing an additional 2,085,506 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Schlumberger by 30.5% in the 3rd quarter. Invesco Ltd. now owns 8,370,835 shares of the oil and gas company’s stock worth $488,020,000 after purchasing an additional 1,954,620 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity

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

Schlumberger Stock Down 1.8 %

SLB stock traded down $0.91 during mid-day trading on Friday, hitting $50.03. 8,840,747 shares of the company were exchanged, compared to its average volume of 11,170,216. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.00 and a current ratio of 1.32. The firm has a market cap of $71.41 billion, a P/E ratio of 17.05, a P/E/G ratio of 0.97 and a beta of 1.60. The firm’s 50 day simple moving average is $51.56 and its 200 day simple moving average is $52.48. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 19th. The oil and gas company reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The firm had revenue of $8.71 billion for the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a net margin of 12.68% and a return on equity of 21.97%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the company posted $0.63 EPS. On average, sell-side analysts predict that Schlumberger Limited will post 3.52 EPS for the current fiscal year.

Schlumberger Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be issued a $0.275 dividend. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.20%. Schlumberger’s dividend payout ratio (DPR) is 37.67%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Bank of America upped their target price on shares of Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada upped their target price on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. HSBC reaffirmed a “buy” rating and issued a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. Barclays lowered their target price on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th. Finally, Benchmark reissued a “buy” rating and set a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.31.

Schlumberger 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.