Schlumberger Limited $SLB Stock Holdings Decreased by Stock Yards Bank & Trust Co.

Key Points

• Stock Yards Bank & Trust Co. has reduced its holdings in Schlumberger by 7.9%, owning approximately $13.86 million worth of shares after selling over 35,000 shares.
• Insider Dianne B. Ralston sold 39,727 shares of Schlumberger, resulting in a 16.42% decrease in her ownership of the stock.
• Schlumberger recently declared a quarterly dividend of $0.285, representing a yield of 3.3% and a payout ratio of 39.04%.

Stock Yards Bank & Trust Co. lowered its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 7.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 410,091 shares of the oil and gas company's stock after selling 35,253 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Schlumberger were worth $13,861,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of SLB. Brighton Jones LLC grew its position in shares of Schlumberger by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after buying an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of Schlumberger during the 4th quarter valued at about $238,000. NBC Securities Inc. grew its position in shares of Schlumberger by 182,500.0% during the 1st quarter. NBC Securities Inc. now owns 12,782 shares of the oil and gas company's stock valued at $534,000 after buying an additional 12,775 shares during the last quarter. Merit Financial Group LLC grew its position in shares of Schlumberger by 132.3% during the 1st quarter. Merit Financial Group LLC now owns 34,132 shares of the oil and gas company's stock valued at $1,427,000 after buying an additional 19,438 shares during the last quarter. Finally, RFG Advisory LLC bought a new stake in shares of Schlumberger during the 1st quarter valued at about $998,000. Institutional investors own 81.99% of the company's stock.

Insider Transactions at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of Schlumberger stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.22% of the company's stock.

Schlumberger Price Performance

NYSE SLB opened at $34.26 on Friday. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $46.15. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The firm has a market capitalization of $51.17 billion, a PE ratio of 11.73, a P/E/G ratio of 9.47 and a beta of 0.97. The company's 50 day simple moving average is $34.63 and its 200 day simple moving average is $35.19.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.01. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The business had revenue of $8.55 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be given a $0.285 dividend. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.3%. Schlumberger's payout ratio is 39.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Atb Cap Markets raised shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 1st. Jefferies Financial Group reduced their target price on shares of Schlumberger from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Thursday, June 26th. UBS Group reduced their target price on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Barclays reduced their target price on shares of Schlumberger from $47.00 to $46.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, Piper Sandler reduced their target price on shares of Schlumberger from $44.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and an average price target of $52.18.

Schlumberger Profile

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.

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