First Financial Corp IN Has $170,000 Stock Holdings in Schlumberger Limited (NYSE:SLB)

First Financial Corp IN grew its holdings in Schlumberger Limited (NYSE:SLB) by 14.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,105 shares of the oil and gas company’s stock after buying an additional 387 shares during the quarter. First Financial Corp IN’s holdings in Schlumberger were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLB. Turtle Creek Wealth Advisors LLC bought a new position in Schlumberger in the fourth quarter valued at about $26,000. Transcendent Capital Group LLC bought a new position in Schlumberger in the fourth quarter valued at about $32,000. Janiczek Wealth Management LLC boosted its holdings in Schlumberger by 1,180.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 653 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 602 shares during the last quarter. Pinnacle Bancorp Inc. boosted its holdings in Schlumberger by 64.3% in the fourth quarter. Pinnacle Bancorp Inc. now owns 746 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 292 shares during the last quarter. Finally, American National Bank boosted its holdings in Schlumberger by 745.5% in the fourth quarter. American National Bank now owns 744 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 656 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark reiterated a “buy” rating and issued a $68.00 price target on shares of Schlumberger in a report on Tuesday. BMO Capital Markets reduced their target price on Schlumberger from $66.00 to $64.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. HSBC restated a “buy” rating and set a $71.00 target price on shares of Schlumberger in a report on Thursday, April 4th. Royal Bank of Canada raised their target price on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Finally, StockNews.com cut Schlumberger from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.06.

Schlumberger Stock Up 0.1 %

Schlumberger stock traded up $0.05 during midday trading on Tuesday, reaching $47.53. The stock had a trading volume of 14,302,189 shares, compared to its average volume of 11,381,086. The firm’s fifty day simple moving average is $46.99 and its 200-day simple moving average is $49.67. Schlumberger Limited has a 1-year low of $42.61 and a 1-year high of $62.12. The stock has a market capitalization of $67.94 billion, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 0.88 and a beta of 1.58. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.37.

Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 19th. The oil and gas company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. Schlumberger had a return on equity of 21.88% and a net margin of 12.72%. The business had revenue of $8.71 billion for the quarter, compared to analyst estimates of $8.70 billion. During the same quarter last year, the firm earned $0.63 EPS. Schlumberger’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, analysts expect that Schlumberger Limited will post 3.51 EPS for the current fiscal year.

Schlumberger Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 11th. Investors of record on Wednesday, June 5th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Wednesday, June 5th. This is a positive change from Schlumberger’s previous quarterly dividend of $0.25. Schlumberger’s dividend payout ratio (DPR) is currently 36.54%.

Insider Activity at Schlumberger

In other Schlumberger news, CTO Demosthenis Pafitis sold 63,095 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the transaction, the chief technology officer now owns 33,421 shares of the company’s stock, valued at approximately $1,612,897.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Schlumberger news, CTO Demosthenis Pafitis sold 63,095 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $48.26, for a total transaction of $3,044,964.70. Following the transaction, the chief technology officer now owns 33,421 shares of the company’s stock, valued at approximately $1,612,897.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bejar Carmen Rando sold 4,980 shares of Schlumberger stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $43.43, for a total value of $216,281.40. Following the transaction, the insider now owns 22,518 shares of the company’s stock, valued at $977,956.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,158 shares of company stock valued at $5,099,893. 0.26% of the stock is owned by insiders.

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.