Capital International Sarl lifted its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 25.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 360,967 shares of the oil and gas company's stock after acquiring an additional 73,106 shares during the quarter. Capital International Sarl's holdings in Schlumberger were worth $13,839,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership purchased a new stake in Schlumberger during the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC purchased a new stake in shares of Schlumberger during the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger in the fourth quarter worth approximately $34,000. Hager Investment Management Services LLC bought a new stake in Schlumberger during the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC boosted its position in Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after buying an additional 844 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.
Schlumberger Stock Down 2.0 %
Shares of Schlumberger stock traded down $0.68 on Wednesday, reaching $33.93. The company's stock had a trading volume of 9,305,719 shares, compared to its average volume of 13,070,459. The company has a market capitalization of $46.14 billion, a price-to-earnings ratio of 10.91, a P/E/G ratio of 10.10 and a beta of 1.11. 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 firm's fifty day simple moving average is $39.06 and its two-hundred day simple moving average is $40.60.
Insiders Place Their Bets
In other Schlumberger news, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the sale, the insider now directly owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of Schlumberger stock in a transaction 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 transaction, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,647 shares of company stock valued at $4,876,679. 0.26% of the stock is owned by insiders.
Analyst Ratings Changes
Several equities analysts have recently commented on SLB shares. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. increased their price objective on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. TD Cowen boosted their target price on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Barclays reduced their price objective on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Finally, Evercore ISI reaffirmed an "in-line" rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.15.
Read Our Latest Report on SLB
About Schlumberger
(
Free Report)
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.
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