Sanibel Captiva Trust Company Inc. Sells 95,888 Shares of Schlumberger Limited (NYSE:SLB)

Sanibel Captiva Trust Company Inc. trimmed its stake in shares of Schlumberger Limited (NYSE:SLB) by 45.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,261 shares of the oil and gas company’s stock after selling 95,888 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Schlumberger were worth $4,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Schlumberger Stock Up 6.1 %

Shares of NYSE:SLB opened at $43.58 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $40.85 and a two-hundred day simple moving average of $42.92. Schlumberger Limited has a 12-month low of $36.52 and a 12-month high of $55.69. The stock has a market capitalization of $61.54 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.35 and a beta of 1.52.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9,241,140 billion. During the same quarter in the previous year, the firm earned $0.86 EPS. Schlumberger’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

Schlumberger Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This is a boost from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.62%. Schlumberger’s dividend payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays cut their target price on Schlumberger from $61.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their price objective on Schlumberger from $55.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a report on Tuesday, November 12th. Bank of America cut 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, October 14th. Finally, Atb Cap Markets lowered shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.03.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the sale, the executive vice president now directly owns 211,937 shares of the company’s stock, valued at $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is owned by insiders.

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.