Natixis Has $4.29 Million Position in Schlumberger Limited (NYSE:SLB)

Natixis lifted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 242.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,994 shares of the oil and gas company's stock after purchasing an additional 79,283 shares during the quarter. Natixis' holdings in Schlumberger were worth $4,294,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SLB. Bard Financial Services Inc. acquired a new position in Schlumberger during the third quarter worth $229,000. SkyView Investment Advisors LLC increased its stake in shares of Schlumberger by 5.8% in the third quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company's stock valued at $712,000 after buying an additional 936 shares in the last quarter. Sfmg LLC increased its stake in shares of Schlumberger by 4.1% in the third quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company's stock valued at $3,708,000 after buying an additional 3,478 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Schlumberger by 27.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after buying an additional 16,350 shares in the last quarter. Finally, PVG Asset Management Corp acquired a new stake in shares of Schlumberger in the third quarter valued at $386,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Schlumberger

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 210,502 shares in the company, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares of the company's stock, valued at $1,245,799.89. The trade was a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,647 shares of company stock valued at $4,876,679 over the last quarter. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

SLB has been the subject of a number of research reports. Susquehanna lowered their target price on Schlumberger from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a report on Tuesday, January 21st. Evercore ISI reiterated an "in-line" rating and set a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Jefferies Financial Group dropped their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Finally, TD Cowen boosted their price target on shares of 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 issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.85.

Schlumberger Trading Down 1.1 %

NYSE:SLB traded down $0.40 during trading hours on Friday, hitting $34.53. The stock had a trading volume of 23,935,960 shares, compared to its average volume of 13,211,989. The business's 50 day moving average is $38.61 and its 200-day moving average is $40.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The company has a market cap of $46.96 billion, a price-to-earnings ratio of 11.10, 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, April 25th. The oil and gas company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.02). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same period in the prior year, the company earned $0.75 EPS. Sell-side analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

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.