MSH Capital Advisors LLC Purchases New Position in Schlumberger Limited (NYSE:SLB)

MSH Capital Advisors LLC bought a new position 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 and Exchange Commission (SEC). The fund bought 8,880 shares of the oil and gas company's stock, valued at approximately $340,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLB. CX Institutional grew its position in Schlumberger by 2.4% during the fourth quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after purchasing an additional 244 shares in the last quarter. TCW Group Inc. increased its position in shares of Schlumberger by 1.3% during the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after acquiring an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in Schlumberger by 0.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after buying an additional 262 shares in the last quarter. Cromwell Holdings LLC boosted its holdings in Schlumberger by 7.0% in the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock valued at $167,000 after purchasing an additional 283 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Schlumberger by 2.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated 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 owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $223,224.84. Following the completion of the transaction, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 117,647 shares of company stock valued at $4,876,679 over the last ninety days. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

SLB has been the topic of several analyst reports. Citigroup upped their price objective on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. BMO Capital Markets dropped their target price on shares of Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. Susquehanna dropped their price target on shares of Schlumberger from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $54.15.

Schlumberger Stock Performance

Shares of SLB traded down $0.02 on Tuesday, reaching $34.61. 6,134,168 shares of the company's stock traded hands, compared to its average volume of 13,027,267. The company has a current ratio of 1.45, a quick ratio of 1.11 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's 50 day simple moving average is $39.21 and its two-hundred day simple moving average is $40.65. The stock has a market cap of $47.06 billion, a PE ratio of 11.14, a PEG ratio of 10.10 and a beta of 1.11.

Schlumberger 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.