First American Trust FSB significantly reduced its holdings in Schlumberger Limited by 83.1%, now owning only 19,420 shares after selling 95,517 shares during the first quarter. First American Trust FSB's holdings in Schlumberger were worth $812,000 at the end of the most recent reporting period. Schlumberger had a quarterly net margin of 11.53% and reported $0.74 EPS, exceeding analysts' expectations of $0.73. The company recently announced a quarterly dividend of $0.285 per share, representing an annualized yield of 3.5% and scheduled to be paid on October 9th. Several other hedge funds and institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its holdings in shares of Schlumberger by 300.0% in the first quarter, now owning 636 shares valued at $27,000 after purchasing an additional 477 shares. Atlas Capital Advisors Inc. acquired a new position in shares of Schlumberger valued at $33,000. Alpine Bank Wealth Management acquired a new position valued at $34,000. Park Square Financial Group LLC acquired a new position valued at $38,000. N.E.W. Advisory Services LLC acquired a new position valued at $40,000. Eighty-one point nine nine percent of the stock is owned by hedge funds and other institutional investors. Schlumberger shares opened at $32.90 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31, and a quick ratio of 0.98. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $46.16. The firm has a fifty-day moving average price of $34.72 and a two-hundred-day moving average price of $36.87. The company has a market cap of $44.46 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 9.12, and a beta of 1.03. Schlumberger last released its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. Analysts expect that Schlumberger Limited will post 3.38 EPS for the current year. The company also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 3rd will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.5%. Schlumberger's dividend payout ratio (DPR) is 39.04%. Several equities analysts recently weighed in on SLB shares. Susquehanna reduced their target price on shares of Schlumberger from $44.00 to $42.00 and set a 'positive' rating on the stock in a report on Monday, July 21st. Stifel Nicolaus reduced their target price on shares of Schlumberger from $54.00 to $52.00 and set a 'buy' rating on the stock in a report on Wednesday, July 16th. UBS Group lifted their target price on shares of Schlumberger from $44.00 to $45.00 and gave the company a 'buy' rating in a report on Wednesday, July 2nd. Wells Fargo & Company lowered shares of Schlumberger from a 'strong-buy' rating to a 'hold' rating in a report on Sunday, July 20th. Finally, Atb Cap Markets upgraded shares of Schlumberger from a 'hold' rating to a 'strong-buy' rating in a report on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of 'Moderate Buy' and an average price target of $49.28. In related news, Director sold 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the sale, the director owned 23,525 shares in the company, valued at $789,969.50. This trade represents a 17.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through. 0.26% of the stock is owned by company insiders. 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.

First American Trust FSB Lowers Stock Holdings in Schlumberger Limited (NYSE:SLB)

First American Trust FSB significantly reduced its holdings in Schlumberger Limited by 83.1%, selling 95,517 shares and now owning only 19,420 shares worth $812,000. Schlumberger reported a quarterly net margin of 11.53% and earnings per share (EPS) of $0.74, exceeding analyst expectations of $0.73. The company announced a quarterly dividend of $0.285 per share, with an annualized yield of 3.5%, payable on October 9th. Several institutional investors, including First Command Advisory Services Inc., Atlas Capital Advisors Inc., Alpine Bank Wealth Management, Park Square Financial Group LLC, and N.E.W. Advisory Services LLC, increased or acquired positions in Schlumberger. The company has a market capitalization of $44.46 billion, a PE ratio of 11.27, and a debt-to-equity ratio of 0.51. Analysts have adjusted their target prices and ratings, with UBS and Atb Cap Markets upgrading the stock to 'buy' and 'strong-buy', while Wells Fargo downgraded it to 'hold'. Schlumberger operates globally in the energy technology sector through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.