Smithfield Trust Co. lessened its stake in Schlumberger Limited. (NYSE:SLB) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,762 shares of the oil and gas company’s stock after selling 1,002 shares during the period. Smithfield Trust Co.’s holdings in Schlumberger were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Valley National Advisers Inc. grew its stake in shares of Schlumberger by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after acquiring an additional 8 shares during the last quarter. Family Legacy Inc. grew its stake in shares of Schlumberger by 0.9% during the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after acquiring an additional 30 shares during the last quarter. Frontier Wealth Management LLC grew its stake in shares of Schlumberger by 0.4% during the second quarter. Frontier Wealth Management LLC now owns 8,229 shares of the oil and gas company’s stock worth $542,000 after acquiring an additional 35 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in shares of Schlumberger by 0.3% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after acquiring an additional 36 shares during the last quarter. Finally, Glassman Wealth Services grew its stake in shares of Schlumberger by 0.8% during the second quarter. Glassman Wealth Services now owns 5,276 shares of the oil and gas company’s stock worth $347,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 79.31% of the company’s stock.

In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.38% of the company’s stock.

A number of equities research analysts recently commented on SLB shares. Deutsche Bank started coverage on Schlumberger in a research report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 target price on the stock. Royal Bank of Canada set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Saturday, October 7th. Cowen set a $80.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Friday, October 6th. Citigroup upped their target price on Schlumberger from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $80.00 target price on shares of Schlumberger in a research report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Schlumberger currently has an average rating of “Buy” and an average price target of $79.56.

Schlumberger Limited. (SLB) opened at $77.97 on Friday. Schlumberger Limited. has a twelve month low of $61.02 and a twelve month high of $87.84. The stock has a market capitalization of $108,010.00, a P/E ratio of 199.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20.

Schlumberger (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger had a return on equity of 4.42% and a net margin of 1.86%. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same period in the previous year, the company posted $0.25 earnings per share. Schlumberger’s revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts predict that Schlumberger Limited. will post 1.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend was Tuesday, December 5th. Schlumberger’s payout ratio is presently 512.82%.

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Schlumberger Profile

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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