Kennebec Savings Bank Has $38,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

Kennebec Savings Bank lessened its stake in shares of Schlumberger Limited (NYSE:SLB) by 23.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 943 shares of the oil and gas company’s stock after selling 282 shares during the quarter. Kennebec Savings Bank’s holdings in Schlumberger were worth $38,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of SLB. ORG Partners LLC boosted its stake in Schlumberger by 393.5% in the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Schlumberger in the third quarter valued at about $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Schlumberger in the third quarter valued at about $37,000. DiNuzzo Private Wealth Inc. increased its position in Schlumberger by 1,068.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock worth $40,000 after acquiring an additional 876 shares during the period. Finally, J. Stern & Co. LLP acquired a new stake in Schlumberger in the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now directly owns 11,240 shares in the company, valued at approximately $496,808. This trade represents a 38.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now directly owns 210,502 shares in the company, valued at $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,258 shares of company stock valued at $11,219,004. 0.26% of the stock is currently owned by insiders.

Schlumberger Stock Up 0.2 %

Shares of NYSE SLB opened at $41.03 on Friday. The firm has a market cap of $57.47 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 9.70 and a beta of 1.52. The company has a 50 day simple moving average of $40.64 and a 200 day simple moving average of $42.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, February 5th will be issued a $0.285 dividend. This is a positive change from Schlumberger’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $1.14 annualized dividend and a yield of 2.78%. Schlumberger’s payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SLB. Wells Fargo & Company decreased their target price on shares of Schlumberger from $49.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. BMO Capital Markets lowered their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Susquehanna cut their target price on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research report on Monday, October 21st. Piper Sandler began coverage on Schlumberger in a research report on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.81.

Schlumberger Company 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.