Schlumberger Limited. (NYSE:SLB) Shares Sold by Hills Bank & Trust Co.

Hills Bank & Trust Co. lowered its stake in Schlumberger Limited. (NYSE:SLB) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,436 shares of the oil and gas company’s stock after selling 1,713 shares during the period. Hills Bank & Trust Co.’s holdings in Schlumberger were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SLB. Sepio Capital LLC grew its stake in shares of Schlumberger by 226.1% in the 1st quarter. Sepio Capital LLC now owns 103,617 shares of the oil and gas company’s stock valued at $4,548,000 after purchasing an additional 71,842 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its position in Schlumberger by 2.5% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 96,052 shares of the oil and gas company’s stock worth $3,817,000 after buying an additional 2,300 shares in the last quarter. Boltwood Capital Management lifted its position in Schlumberger by 15.5% during the 2nd quarter. Boltwood Capital Management now owns 9,304 shares of the oil and gas company’s stock worth $370,000 after buying an additional 1,250 shares in the last quarter. Park National Corp OH lifted its position in Schlumberger by 3.8% during the 2nd quarter. Park National Corp OH now owns 171,587 shares of the oil and gas company’s stock worth $6,818,000 after buying an additional 6,298 shares in the last quarter. Finally, Woodstock Corp lifted its position in Schlumberger by 0.6% during the 2nd quarter. Woodstock Corp now owns 125,840 shares of the oil and gas company’s stock worth $5,001,000 after buying an additional 725 shares in the last quarter. 76.52% of the stock is currently owned by institutional investors.

In related news, VP Simon Farrant sold 5,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $33.55, for a total transaction of $167,750.00. Following the transaction, the vice president now directly owns 20,316 shares in the company, valued at $681,601.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is currently owned by insiders.

Several brokerages have commented on SLB. Morgan Stanley set a $50.00 price target on shares of Schlumberger and gave the stock a “buy” rating in a research report on Monday, October 21st. Cowen cut their price target on shares of Schlumberger from $47.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Co dropped their target price on shares of Schlumberger from $44.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Royal Bank of Canada set a $40.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Bank of America set a $43.00 target price on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Schlumberger presently has an average rating of “Buy” and an average target price of $44.82.

Shares of NYSE:SLB traded up $0.26 on Friday, reaching $36.34. 8,211,488 shares of the company’s stock were exchanged, compared to its average volume of 10,844,604. The company has a fifty day moving average of $33.95 and a 200-day moving average of $36.68. Schlumberger Limited. has a twelve month low of $30.65 and a twelve month high of $51.29. The company has a market capitalization of $50.83 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.45 and a beta of 1.49. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 0.67.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Schlumberger had a negative net margin of 30.22% and a positive return on equity of 6.00%. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.50 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that Schlumberger Limited. will post 1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Wednesday, December 4th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.50%. The ex-dividend date is Tuesday, December 3rd. Schlumberger’s dividend payout ratio (DPR) is presently 123.46%.

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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