OneDigital Investment Advisors LLC Sells 30,248 Shares of Schlumberger Limited (NYSE:SLB)

OneDigital Investment Advisors LLC lessened its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 74.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,467 shares of the oil and gas company's stock after selling 30,248 shares during the period. OneDigital Investment Advisors LLC's holdings in Schlumberger were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in Schlumberger in the 4th quarter worth approximately $31,000. Stonebridge Financial Group LLC purchased a new stake in Schlumberger during the fourth quarter valued at $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter valued at $34,000. Hager Investment Management Services LLC purchased a new position in shares of Schlumberger in the 4th quarter worth $38,000. Finally, Bogart Wealth LLC increased its holdings in shares of Schlumberger by 468.9% in the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on SLB shares. Evercore ISI reiterated an "in-line" rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Stifel Nicolaus cut their target price on Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Susquehanna reduced their target price on shares of Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen lifted 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.85.

Schlumberger Stock Performance

Shares of NYSE:SLB opened at $34.53 on Monday. The firm has a 50 day moving average of $38.61 and a 200 day moving average of $40.36. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $46.96 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 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 during the quarter, compared to the consensus estimate of $8.64 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, sell-side analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Insider Transactions at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger 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 of the company's stock, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total value 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 $2,192,657.28. The trade was a 33.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,647 shares of company stock valued at $4,876,679 in the last 90 days. Insiders own 0.26% of the company's stock.

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.

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited (NYSE:SLB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.