UMB Bank n.a. Has $871,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

UMB Bank n.a. reduced its stake in shares of Schlumberger Limited (NYSE:SLB) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,712 shares of the oil and gas company’s stock after selling 2,495 shares during the quarter. UMB Bank n.a.’s holdings in Schlumberger were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of Schlumberger by 4.7% in the 2nd quarter. Pacer Advisors Inc. now owns 100,979 shares of the oil and gas company’s stock valued at $4,764,000 after buying an additional 4,575 shares in the last quarter. Sei Investments Co. increased its stake in Schlumberger by 1.8% in the second quarter. Sei Investments Co. now owns 392,899 shares of the oil and gas company’s stock valued at $18,537,000 after acquiring an additional 6,998 shares during the last quarter. ProShare Advisors LLC raised its position in Schlumberger by 9.1% during the second quarter. ProShare Advisors LLC now owns 313,292 shares of the oil and gas company’s stock valued at $14,781,000 after purchasing an additional 26,090 shares in the last quarter. Frank Rimerman Advisors LLC lifted its stake in Schlumberger by 45,577.8% during the second quarter. Frank Rimerman Advisors LLC now owns 8,222 shares of the oil and gas company’s stock worth $388,000 after purchasing an additional 8,204 shares during the last quarter. Finally, Interval Partners LP acquired a new stake in shares of Schlumberger in the 2nd quarter valued at $5,820,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE SLB opened at $43.76 on Wednesday. The company has a market capitalization of $61.80 billion, a PE ratio of 14.07, a P/E/G ratio of 3.61 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69. The firm has a fifty day simple moving average of $40.84 and a 200 day simple moving average of $42.81.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9,241,140 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, sell-side analysts forecast that Schlumberger Limited will post 3.29 EPS for the current year.

Schlumberger Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a dividend yield of 2.60%. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s payout ratio is currently 36.66%.

Insider Activity at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the sale, the vice president now directly owns 11,240 shares of the company’s stock, valued at approximately $496,808. The trade was a 38.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This trade represents a 33.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,258 shares of company stock worth $11,246,604 in the last quarter. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SLB shares. Bank of America dropped their price objective on Schlumberger from $58.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Wells Fargo & Company reduced their price target on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 17th. TD Cowen upped their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday. Susquehanna dropped their price objective on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Finally, Citigroup boosted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.81.

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.