Heartland Bank & Trust Co Sells 616 Shares of Schlumberger Limited (NYSE:SLB)

Heartland Bank & Trust Co decreased its holdings in Schlumberger Limited (NYSE:SLB) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,035 shares of the oil and gas company’s stock after selling 616 shares during the quarter. Heartland Bank & Trust Co’s holdings in Schlumberger were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SLB. Kingswood Wealth Advisors LLC grew its stake in shares of Schlumberger by 5.6% in the first quarter. Kingswood Wealth Advisors LLC now owns 13,944 shares of the oil and gas company’s stock worth $764,000 after purchasing an additional 745 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Schlumberger by 2.2% in the first quarter. Sunbelt Securities Inc. now owns 10,551 shares of the oil and gas company’s stock worth $578,000 after purchasing an additional 230 shares during the last quarter. Brookstone Capital Management bought a new stake in Schlumberger during the first quarter valued at $1,758,000. Wealthcare Advisory Partners LLC boosted its position in Schlumberger by 15.4% during the first quarter. Wealthcare Advisory Partners LLC now owns 7,242 shares of the oil and gas company’s stock valued at $397,000 after acquiring an additional 965 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Schlumberger during the first quarter valued at $502,000. Institutional investors own 81.99% of the company’s stock.

Schlumberger Price Performance

Schlumberger stock opened at $42.13 on Thursday. Schlumberger Limited has a 52 week low of $38.66 and a 52 week high of $59.05. The company’s 50 day moving average price is $43.00 and its two-hundred day moving average price is $45.75. The company has a quick ratio of 1.13, a current ratio of 1.49 and a debt-to-equity ratio of 0.55. The stock has a market cap of $59.82 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.27 and a beta of 1.51.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a net margin of 12.56% and a return on equity of 21.92%. Schlumberger’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, equities analysts predict that Schlumberger Limited will post 3.44 earnings per share for the current year.

Schlumberger Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 4th will be issued a $0.275 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.61%. Schlumberger’s dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SLB. Dbs Bank began coverage on shares of Schlumberger in a research report on Wednesday, September 18th. They set a “buy” rating and a $64.50 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Schlumberger in a research report on Thursday, October 3rd. Evercore ISI cut their price objective on shares of Schlumberger from $74.00 to $62.00 and set an “outperform” rating on the stock in a research report on Monday. Susquehanna reduced their target price on Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on Schlumberger from $64.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Schlumberger currently has a consensus rating of “Moderate Buy” and an average target price of $60.97.

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.