Northwest Bank & Trust Co Purchases Shares of 18,802 Schlumberger Limited (NYSE:SLB)

Northwest Bank & Trust Co purchased a new stake in Schlumberger Limited (NYSE:SLB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,802 shares of the oil and gas company’s stock, valued at approximately $978,000. Schlumberger comprises approximately 0.9% of Northwest Bank & Trust Co’s holdings, making the stock its 28th largest position.

Other institutional investors have also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Schlumberger in the 4th quarter valued at about $26,000. Transcendent Capital Group LLC bought a new stake in shares of Schlumberger in the 4th quarter valued at about $32,000. Janiczek Wealth Management LLC grew its position in shares of Schlumberger by 1,180.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 602 shares during the last quarter. Pinnacle Bancorp Inc. grew its position in shares of Schlumberger by 64.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 292 shares during the last quarter. Finally, American National Bank lifted its stake in shares of Schlumberger by 745.5% in the 4th quarter. American National Bank now owns 744 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 656 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insider Activity

In other news, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total value of $1,838,647.24. Following the completion of the transaction, the insider now directly owns 45,851 shares of the company’s stock, valued at $2,213,686.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Gavin Rennick sold 38,083 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $48.28, for a total value of $1,838,647.24. Following the completion of the transaction, the insider now directly owns 45,851 shares of the company’s stock, valued at $2,213,686.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Bejar Carmen Rando sold 4,980 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $43.43, for a total value of $216,281.40. Following the completion of the transaction, the insider now directly owns 22,518 shares of the company’s stock, valued at $977,956.74. The disclosure for this sale can be found here. Insiders sold a total of 106,158 shares of company stock valued at $5,099,893 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SLB shares. Barclays dropped their price objective on Schlumberger from $74.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. TD Cowen dropped their price objective on Schlumberger from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets dropped their price objective on Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Finally, Bank of America dropped their price objective on Schlumberger from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, Schlumberger presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.06.

Schlumberger Stock Down 1.8 %

Shares of Schlumberger stock traded down $0.81 on Friday, hitting $43.00. The company had a trading volume of 12,740,544 shares, compared to its average volume of 11,763,680. The stock has a market capitalization of $61.46 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 0.84 and a beta of 1.57. Schlumberger Limited has a 1 year low of $42.61 and a 1 year high of $62.12. The stock has a 50 day moving average of $47.97 and a 200-day moving average of $49.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $8.70 billion. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 earnings per share. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.51 earnings per share for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 11th. Stockholders of record on Wednesday, June 5th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, June 5th. This is an increase from Schlumberger’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 2.56%. Schlumberger’s dividend payout ratio is 36.54%.

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.