UMB Bank n.a. Acquires 10,397 Shares of Schlumberger Limited (NYSE:SLB)

UMB Bank n.a. grew its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 45.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,109 shares of the oil and gas company's stock after acquiring an additional 10,397 shares during the quarter. UMB Bank n.a.'s holdings in Schlumberger were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. lifted its stake in Schlumberger by 2.4% in the first quarter. Godsey & Gibb Inc. now owns 449,957 shares of the oil and gas company's stock valued at $18,808,000 after purchasing an additional 10,622 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its position in Schlumberger by 47.8% during the first quarter. Vanguard Capital Wealth Advisors now owns 26,600 shares of the oil and gas company's stock worth $1,112,000 after purchasing an additional 8,600 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of Schlumberger by 3.6% in the first quarter. Hudson Valley Investment Advisors Inc. ADV now owns 94,200 shares of the oil and gas company's stock worth $3,938,000 after purchasing an additional 3,249 shares in the last quarter. Davis Capital Management bought a new stake in shares of Schlumberger in the first quarter valued at approximately $934,000. Finally, Intellectus Partners LLC raised its position in shares of Schlumberger by 41.0% in the first quarter. Intellectus Partners LLC now owns 8,288 shares of the oil and gas company's stock valued at $349,000 after purchasing an additional 2,411 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Stock Up 4.1%

Shares of SLB stock traded up $1.40 during mid-day trading on Tuesday, hitting $35.52. The company's stock had a trading volume of 15,612,582 shares, compared to its average volume of 13,494,289. 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 52-week low of $31.11 and a 52-week high of $50.94. The stock has a market cap of $48.31 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 10.10 and a beta of 1.01. The business has a 50-day moving average price of $34.28 and a 200 day moving average price of $38.53.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $8.49 billion for the quarter, compared to analysts' expectations of $8.64 billion. During the same period in the previous year, the business earned $0.75 EPS. The business's revenue was down 2.5% compared to the same quarter last year. Research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Schlumberger Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 4th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Wednesday, June 4th. Schlumberger's dividend payout ratio (DPR) is presently 38.64%.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares in the company, 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 accessible through this hyperlink. Also, Director La Chevardiere Patrick De sold 5,000 shares of Schlumberger stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total value of $167,900.00. Following the transaction, the director now owns 23,525 shares in the company, valued at $789,969.50. This trade represents a 17.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SLB. Wells Fargo & Company dropped their target price on Schlumberger from $46.00 to $43.00 and set an "overweight" rating on the stock in a research report on Thursday, June 5th. Susquehanna cut their target price on Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Monday, April 28th. Barclays cut their price target on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Stifel Nicolaus decreased their price target on shares of Schlumberger from $58.00 to $54.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group dropped their price objective on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Four 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $52.38.

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.