Rep. Jefferson Shreve Purchases Shares of Schlumberger Limited (NYSE:SLB)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Schlumberger Limited NYSE: SLB. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Schlumberger stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Schlumberger Trading Up 2.8 %

Shares of NYSE SLB traded up $0.94 on Friday, reaching $35.09. 15,915,644 shares of the company traded hands, compared to its average volume of 13,076,236. The company has a 50 day moving average of $39.35 and a 200 day moving average of $40.77. 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 fifty-two week low of $31.11 and a fifty-two week high of $50.94. The stock has a market capitalization of $47.72 billion, a PE 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 announced its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $9.28 billion during the quarter, compared to analysts' expectations of $9.24 billion. During the same period in the previous year, the company earned $0.86 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SLB shares. Royal Bank of Canada restated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a report on Tuesday, January 21st. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their price target 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. Citigroup increased their price target on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Finally, TD Cowen boosted 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 research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $54.15.

Institutional Trading of Schlumberger

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC grew its holdings in shares of Schlumberger by 17.4% during the first quarter. Cornerstone Wealth Management LLC now owns 16,211 shares of the oil and gas company's stock valued at $678,000 after purchasing an additional 2,398 shares during the last quarter. Clarius Group LLC boosted its holdings in shares of Schlumberger by 101.8% in the first quarter. Clarius Group LLC now owns 12,732 shares of the oil and gas company's stock valued at $532,000 after acquiring an additional 6,424 shares in the last quarter. Global Trust Asset Management LLC raised its stake in shares of Schlumberger by 605.0% in the 1st quarter. Global Trust Asset Management LLC now owns 4,195 shares of the oil and gas company's stock worth $175,000 after buying an additional 3,600 shares in the last quarter. NBT Bank N A NY boosted its position in shares of Schlumberger by 1.2% during the 1st quarter. NBT Bank N A NY now owns 39,769 shares of the oil and gas company's stock valued at $1,662,000 after purchasing an additional 461 shares in the last quarter. Finally, Chicago Capital LLC acquired a new position in Schlumberger in the first quarter worth approximately $310,000. 81.99% of the stock is owned by institutional investors.

Insider Transactions at Schlumberger

In related news, insider Dianne B. Ralston sold 43,161 shares of the company's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.96, for a total transaction of $1,897,357.56. Following the transaction, the insider now directly owns 235,024 shares of the company's stock, valued at approximately $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 315,905 shares of company stock valued at $13,609,283 over the last three months. Company insiders own 0.26% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.