Trust Co. of Vermont Has $1.14 Million Holdings in Schlumberger Limited. (SLB)
Trust Co. of Vermont reduced its position in Schlumberger Limited. (NYSE:SLB) by 24.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,537 shares of the oil and gas company’s stock after selling 10,047 shares during the quarter. Trust Co. of Vermont’s holdings in Schlumberger were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highwater Wealth Management LLC acquired a new position in Schlumberger in the fourth quarter worth approximately $45,000. IMS Capital Management acquired a new position in Schlumberger during the 3rd quarter worth $46,000. First Command Bank increased its holdings in shares of Schlumberger by 337.7% during the 4th quarter. First Command Bank now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 1,155 shares during the period. First Command Financial Services Inc. increased its holdings in shares of Schlumberger by 337.7% during the 4th quarter. First Command Financial Services Inc. now owns 1,497 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 1,155 shares during the period. Finally, Legacy Bridge LLC bought a new stake in Schlumberger in the fourth quarter valued at about $87,000. Hedge funds and other institutional investors own 77.07% of the company’s stock.
In other Schlumberger news, EVP Patrick Schorn purchased 10,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The shares were purchased at an average price of $37.55 per share, for a total transaction of $375,500.00. Following the completion of the transaction, the executive vice president now owns 35,000 shares in the company, valued at approximately $1,314,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Peuch Olivier Le sold 15,000 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $44.00, for a total transaction of $660,000.00. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 18th. The oil and gas company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Schlumberger had a return on equity of 6.12% and a net margin of 6.51%. The firm had revenue of $8.18 billion for the quarter, compared to analysts’ expectations of $8.10 billion. During the same quarter in the prior year, the firm earned $0.48 EPS. Schlumberger’s quarterly revenue was up .0% on a year-over-year basis. As a group, equities research analysts expect that Schlumberger Limited. will post 1.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Wednesday, February 13th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $2.00 annualized dividend and a dividend yield of 4.65%. Schlumberger’s dividend payout ratio is presently 123.46%.
Several brokerages recently weighed in on SLB. Bank of America initiated coverage on shares of Schlumberger in a report on Wednesday, October 17th. They issued a “buy” rating on the stock. Cowen dropped their price objective on shares of Schlumberger from $77.00 to $75.00 and set an “outperform” rating for the company in a research note on Monday, October 22nd. Credit Suisse Group decreased their price target on shares of Schlumberger from $82.00 to $71.00 and set an “outperform” rating on the stock in a report on Monday, October 22nd. UBS Group cut their target price on shares of Schlumberger from $92.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Finally, Citigroup dropped their price target on shares of Schlumberger from $77.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. Schlumberger currently has a consensus rating of “Hold” and a consensus price target of $66.65.
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Schlumberger Company Profile
Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.
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