Insigneo Advisory Services LLC Takes $550,000 Position in Schlumberger Limited (NYSE:SLB)

Insigneo Advisory Services LLC bought a new stake in Schlumberger Limited (NYSE:SLB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,333 shares of the oil and gas company's stock, valued at approximately $550,000.

A number of other large investors have also recently bought and sold shares of SLB. Geode Capital Management LLC boosted its stake in Schlumberger by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock worth $1,146,195,000 after buying an additional 1,377,134 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Schlumberger by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company's stock worth $1,067,254,000 after acquiring an additional 343,261 shares during the period. Norges Bank acquired a new stake in Schlumberger during the 4th quarter valued at $735,398,000. Boston Partners grew its stake in shares of Schlumberger by 9.9% during the fourth quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock valued at $597,356,000 after acquiring an additional 1,405,186 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Schlumberger by 12.4% during the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock valued at $590,320,000 after purchasing an additional 1,700,203 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. JPMorgan Chase & Co. increased their target price on Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Finally, TD Cowen raised 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. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.15.

Schlumberger Trading Down 1.7 %

Shares of NYSE SLB traded down $0.60 during mid-day trading on Wednesday, hitting $34.01. 8,545,764 shares of the company traded hands, compared to its average volume of 13,067,129. 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 1 year low of $31.11 and a 1 year high of $50.94. The stock has a market capitalization of $46.25 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 10.10 and a beta of 1.11. The business has a 50 day moving average of $39.06 and a two-hundred day moving average of $40.60.

Insider Buying and Selling at Schlumberger

In other news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the sale, the insider now owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction 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 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. Over the last ninety days, insiders sold 117,647 shares of company stock valued at $4,876,679. 0.26% of the stock is currently owned by corporate insiders.

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.