Greenleaf Trust Has $2.11 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Greenleaf Trust boosted its holdings in shares of Schlumberger Limited (NYSE:SLB) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,571 shares of the oil and gas company’s stock after buying an additional 6,924 shares during the quarter. Greenleaf Trust’s holdings in Schlumberger were worth $2,111,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLB. Lafayette Investments Inc. raised its holdings in Schlumberger by 24.3% in the 4th quarter. Lafayette Investments Inc. now owns 11,500 shares of the oil and gas company’s stock valued at $598,000 after acquiring an additional 2,250 shares during the period. Fidelis Capital Partners LLC increased its stake in shares of Schlumberger by 7.3% during the fourth quarter. Fidelis Capital Partners LLC now owns 18,315 shares of the oil and gas company’s stock worth $953,000 after purchasing an additional 1,241 shares during the period. Xponance Inc. lifted its holdings in Schlumberger by 8.0% during the 4th quarter. Xponance Inc. now owns 185,501 shares of the oil and gas company’s stock worth $9,653,000 after purchasing an additional 13,769 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in Schlumberger by 3.5% in the 4th quarter. Waterfront Wealth Inc. now owns 13,051 shares of the oil and gas company’s stock valued at $679,000 after purchasing an additional 442 shares during the period. Finally, Mraz Amerine & Associates Inc. grew its holdings in Schlumberger by 10.5% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 60,523 shares of the oil and gas company’s stock valued at $3,150,000 after buying an additional 5,771 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Susquehanna restated a “positive” rating and set a $77.00 price objective on shares of Schlumberger in a research note on Monday, April 8th. Barclays cut their target price on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Wells Fargo & Company upped their price objective on shares of Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.31.

Schlumberger Stock Down 2.2 %

NYSE:SLB traded down $1.10 on Friday, hitting $49.84. The stock had a trading volume of 16,839,639 shares, compared to its average volume of 8,854,654. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 52 week low of $42.73 and a 52 week high of $62.12. The business’s fifty day moving average is $51.62 and its 200 day moving average is $52.43. The company has a market cap of $71.14 billion, a PE ratio of 17.07, a P/E/G ratio of 0.97 and a beta of 1.60.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, April 19th. The oil and gas company reported $0.75 earnings per share 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 revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 earnings per share. On average, equities research analysts expect that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a $0.275 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 2.21%. Schlumberger’s dividend payout ratio is presently 37.67%.

Insiders Place Their Bets

In other news, 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 transaction of $329,875.00. Following the completion of the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Schlumberger news, EVP Mogharbel Khaled Al sold 38,570 shares of Schlumberger stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $50.42, for a total transaction of $1,944,699.40. Following the completion of the transaction, the executive vice president now owns 386,841 shares of the company’s stock, valued at approximately $19,504,523.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Stephane Biguet sold 6,250 shares of the firm’s 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 transaction, the chief financial officer now 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 currently owned by corporate insiders.

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.