Tompkins Financial Corp Sells 300 Shares of Schlumberger Limited (NYSE:SLB)

Tompkins Financial Corp trimmed its position in Schlumberger Limited (NYSE:SLB) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,500 shares of the oil and gas company’s stock after selling 300 shares during the quarter. Tompkins Financial Corp’s holdings in Schlumberger were worth $211,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Lakewood Asset Management LLC lifted its position in shares of Schlumberger by 1.0% in the fourth quarter. Lakewood Asset Management LLC now owns 39,235 shares of the oil and gas company’s stock valued at $1,504,000 after buying an additional 407 shares during the last quarter. BluePath Capital Management LLC raised its stake in Schlumberger by 37.6% in the 4th quarter. BluePath Capital Management LLC now owns 23,197 shares of the oil and gas company’s stock valued at $924,000 after acquiring an additional 6,341 shares during the period. Godsey & Gibb Inc. lifted its holdings in Schlumberger by 2.5% during the 4th quarter. Godsey & Gibb Inc. now owns 439,335 shares of the oil and gas company’s stock valued at $16,844,000 after purchasing an additional 10,698 shares during the last quarter. SS&H Financial Advisors Inc. boosted its position in Schlumberger by 12.7% during the fourth quarter. SS&H Financial Advisors Inc. now owns 42,291 shares of the oil and gas company’s stock worth $1,622,000 after purchasing an additional 4,750 shares during the period. Finally, Rockland Trust Co. increased its holdings in shares of Schlumberger by 3.4% in the fourth quarter. Rockland Trust Co. now owns 330,129 shares of the oil and gas company’s stock valued at $12,657,000 after purchasing an additional 10,748 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 211,937 shares in the company, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Susquehanna reduced their target price on shares of Schlumberger from $60.00 to $56.00 and set a “positive” rating for the company in a report on Monday, October 21st. Jefferies Financial Group reduced their price objective on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Sanford C. Bernstein upgraded Schlumberger to a “strong-buy” rating in a research note on Tuesday, November 12th. Piper Sandler started coverage on Schlumberger in a research note on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price target for the company. Finally, Citigroup lowered their price objective on Schlumberger from $53.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and an average target price of $56.03.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $41.16 on Friday. The firm has a market cap of $58.13 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The firm’s fifty day moving average is $40.89 and its 200-day moving average is $42.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9,241,140 billion. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 earnings per share. Sell-side analysts predict that Schlumberger Limited will post 3.39 earnings per share 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 paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 2.77%. This is an increase from Schlumberger’s previous quarterly dividend of $0.28. Schlumberger’s dividend payout ratio (DPR) is currently 35.37%.

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.