Dodge & Cox Decreases Stock Holdings in Schlumberger Limited (NYSE:SLB)

Dodge & Cox reduced its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 620,516 shares of the oil and gas company's stock after selling 25,000 shares during the quarter. Dodge & Cox's holdings in Schlumberger were worth $23,791,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SLB. YANKCOM Partnership bought a new position in Schlumberger in the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC acquired a new position in Schlumberger in the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new position in shares of Schlumberger during the 4th quarter worth approximately $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC boosted its stake in Schlumberger by 468.9% during the fourth 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 in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Trading Up 2.8 %

Schlumberger stock traded up $0.94 during mid-day trading on Friday, reaching $35.09. 15,915,644 shares of the company traded hands, compared to its average volume of 13,057,693. The firm's 50 day moving average price is $39.48 and its 200 day moving average price is $40.83. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $51.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The firm has a market capitalization of $47.72 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 10.10 and a beta of 1.11.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on SLB. JPMorgan Chase & Co. increased their price objective 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. Jefferies Financial Group cut their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Piper Sandler began coverage on shares of Schlumberger in a research report on Thursday, December 19th. They issued a "neutral" rating and a $47.00 price objective for the company. Stifel Nicolaus dropped their target price on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Susquehanna reduced their target price on Schlumberger from $55.00 to $48.00 and set a "positive" rating for the company in a report on Monday. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and an average target price of $54.15.

Insider Buying and Selling at Schlumberger

In related news, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction dated 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 sale, the director now owns 49,595 shares of the company's stock, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is currently owned by company insiders.

About Schlumberger

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.