Rockefeller Capital Management L.P. Has $8.53 Million Stake in Schlumberger Limited (NYSE:SLB)

Rockefeller Capital Management L.P. decreased its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 46.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,951 shares of the oil and gas company's stock after selling 192,667 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Schlumberger were worth $8,526,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Heritage Trust Co acquired a new position in Schlumberger in the 4th quarter worth $234,000. Argent Trust Co lifted its stake in shares of Schlumberger by 3.1% in the fourth quarter. Argent Trust Co now owns 86,355 shares of the oil and gas company's stock worth $3,311,000 after acquiring an additional 2,607 shares in the last quarter. LSV Asset Management purchased a new position in Schlumberger in the fourth quarter valued at about $479,000. F M Investments LLC grew its stake in Schlumberger by 9.9% during the 4th quarter. F M Investments LLC now owns 113,223 shares of the oil and gas company's stock valued at $4,341,000 after purchasing an additional 10,192 shares in the last quarter. Finally, CenterBook Partners LP increased its holdings in Schlumberger by 91.6% during the 4th quarter. CenterBook Partners LP now owns 47,724 shares of the oil and gas company's stock worth $1,830,000 after purchasing an additional 22,814 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SLB shares. JPMorgan Chase & Co. upped their price target on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. TD Cowen upped their price objective on Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Evercore ISI reiterated an "in-line" rating and issued a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price target on shares of Schlumberger in a research report on Tuesday, January 21st. Five research 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.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.15.

Schlumberger Price Performance

SLB traded down $0.02 on Tuesday, reaching $34.60. The company had a trading volume of 18,815,743 shares, compared to its average volume of 13,083,721. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The company has a market capitalization of $47.05 billion, a P/E ratio of 11.13, a PEG ratio of 10.10 and a beta of 1.11. The company has a fifty day moving average of $39.06 and a 200-day moving average of $40.60. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49.

Insiders Place Their Bets

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The stock was 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the company's stock in a transaction 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 sale, the insider now directly 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. Over the last three months, insiders have sold 117,647 shares of company stock worth $4,876,679. 0.26% of the stock is owned by corporate insiders.

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.