MassMutual Private Wealth & Trust FSB Has $4.77 Million Stake in Schlumberger Limited (NYSE:SLB)

MassMutual Private Wealth & Trust FSB lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 62.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,999 shares of the oil and gas company's stock after purchasing an additional 43,808 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Schlumberger were worth $4,765,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. YANKCOM Partnership purchased a new position in shares of Schlumberger during the fourth quarter valued at approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the 4th quarter valued at about $32,000. Golden State Wealth Management LLC purchased a new stake in Schlumberger during the fourth quarter valued at approximately $34,000. Hager Investment Management Services LLC purchased a new stake in shares of Schlumberger in the 4th quarter worth $38,000. Finally, True Wealth Design LLC increased its holdings in Schlumberger by 584.7% in the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock worth $38,000 after acquiring an additional 842 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Activity

In other news, Director La Chevardiere Patrick De sold 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the sale, the director now owns 23,525 shares of the company's stock, valued at approximately $789,969.50. This represents a 17.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the sale, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. This represents a 44.75% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.26% of the company's stock.

Schlumberger Stock Performance

SLB stock traded down $0.66 during trading on Friday, reaching $33.02. 20,666,010 shares of the company's stock were exchanged, compared to its average volume of 13,502,204. The firm has a market cap of $44.91 billion, a PE ratio of 10.62, a P/E/G ratio of 10.10 and a beta of 1.06. The company's fifty day moving average price is $35.29 and its 200-day moving average price is $39.01. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. 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 (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The company had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 earnings per share. On average, research analysts expect that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 4th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's payout ratio is 38.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SLB shares. Piper Sandler cut their price objective on Schlumberger from $46.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Jefferies Financial Group lowered their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Susquehanna decreased their price objective on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. Finally, Barclays decreased their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.44.

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.