12,500 Shares in Schlumberger Limited (NYSE:SLB) Bought by LSV Asset Management

LSV Asset Management acquired a new stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,500 shares of the oil and gas company's stock, valued at approximately $479,000.

Several other hedge funds have also made changes to their positions in the stock. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger during the fourth quarter worth $32,000. Golden State Wealth Management LLC bought a new stake in Schlumberger in the 4th quarter valued at $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC lifted its holdings in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 844 shares during the period. Institutional investors own 81.99% of the company's stock.

Wall Street Analyst Weigh In

SLB has been the subject of a number of analyst reports. Evercore ISI restated an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. TD Cowen increased their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Citigroup upped their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group reduced their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.15.

Insider Activity

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. This represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock valued at $13,609,283 in the last quarter. Company insiders own 0.26% of the company's stock.

Schlumberger Trading Up 2.8 %

NYSE SLB traded up $0.94 on Friday, reaching $35.09. The company had a trading volume of 15,915,644 shares, compared to its average volume of 13,076,236. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The stock has a market cap of $47.72 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 10.10 and a beta of 1.11. The stock's 50 day moving average is $39.35 and its 200-day moving average is $40.77.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the firm earned $0.86 EPS. Schlumberger's quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Company 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.