Capital International Ltd. CA Acquires 19,089 Shares of Schlumberger Limited (NYSE:SLB)

Capital International Ltd. CA lifted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 208,504 shares of the oil and gas company's stock after buying an additional 19,089 shares during the period. Capital International Ltd. CA's holdings in Schlumberger were worth $7,994,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Schlumberger in the 4th quarter valued at about $735,398,000. Pacer Advisors Inc. grew its holdings in Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after purchasing an additional 12,938,082 shares during the period. Clearbridge Investments LLC increased its position in Schlumberger by 43,028.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock worth $101,708,000 after purchasing an additional 2,646,653 shares during the last quarter. Franklin Resources Inc. raised its stake in Schlumberger by 12.4% during the fourth quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after purchasing an additional 1,700,203 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Schlumberger by 196.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock valued at $88,654,000 after purchasing an additional 1,533,366 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Trading Down 0.9 %

Shares of NYSE:SLB traded down $0.32 during midday trading on Wednesday, reaching $34.29. The company had a trading volume of 10,626,370 shares, compared to its average volume of 13,075,327. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The firm has a market cap of $46.63 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company has a fifty day simple moving average of $39.06 and a two-hundred day simple moving average of $40.60.

Insider Buying and Selling at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total value of $223,224.84. Following the completion of the sale, the insider now directly owns 30,829 shares of the company's stock, valued at $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now directly owns 210,502 shares in the company, valued at $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 117,647 shares of company stock valued at $4,876,679 in the last three months. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on SLB. JPMorgan Chase & Co. increased their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Citigroup boosted their price target on Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Susquehanna dropped their target price on shares of Schlumberger from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Monday, April 14th. BMO Capital Markets reduced their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Finally, Barclays dropped their price target on Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $54.15.

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.