MassMutual Private Wealth & Trust FSB Buys 43,808 Shares of Schlumberger Limited (NYSE:SLB)

MassMutual Private Wealth & Trust FSB lifted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 62.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & 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 quarter. MassMutual Private Wealth & Trust FSB's holdings in Schlumberger were worth $4,765,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. 111 Capital purchased a new stake in Schlumberger during the 4th quarter valued at approximately $405,000. CIBRA Capital Ltd acquired a new stake in shares of Schlumberger in the 4th quarter worth approximately $3,200,000. Hara Capital LLC grew its holdings in Schlumberger by 681.9% during the 4th quarter. Hara Capital LLC now owns 77,477 shares of the oil and gas company's stock valued at $2,970,000 after buying an additional 67,568 shares during the last quarter. Palogic Value Management L.P. grew its holdings in Schlumberger by 10.3% during the 4th quarter. Palogic Value Management L.P. now owns 33,442 shares of the oil and gas company's stock valued at $1,282,000 after buying an additional 3,111 shares during the last quarter. Finally, Mattson Financial Services LLC grew its holdings in Schlumberger by 73.5% during the 4th quarter. Mattson Financial Services LLC now owns 56,887 shares of the oil and gas company's stock valued at $2,386,000 after buying an additional 24,093 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger Stock Performance

Shares of SLB traded up $0.97 during mid-day trading on Tuesday, reaching $34.31. 5,141,110 shares of the company's stock traded hands, compared to its average volume of 13,467,280. The business's 50-day moving average price is $35.11 and its 200-day moving average price is $38.88. The stock has a market capitalization of $46.67 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 10.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94.

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 firm had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. Schlumberger's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's payout ratio is presently 38.64%.

Insider Activity at Schlumberger

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

Wall Street Analyst Weigh In

SLB has been the topic of several analyst reports. Barclays decreased their price objective on Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Stifel Nicolaus decreased their price objective on Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Susquehanna cut their target price on Schlumberger from $48.00 to $46.00 and set a "positive" rating on the stock in a research report on Monday, April 28th. Morgan Stanley cut their target price on Schlumberger from $50.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday, May 16th. Finally, Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company 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.