Schlumberger Limited (NYSE:SLB) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 68.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,500 shares of the oil and gas company's stock after acquiring an additional 17,221 shares during the period. Tower Research Capital LLC TRC's holdings in Schlumberger were worth $1,629,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. YANKCOM Partnership acquired a new position in Schlumberger in the fourth quarter worth $31,000. Stonebridge Financial Group LLC bought a new position in shares of Schlumberger in the 4th quarter worth about $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at about $34,000. Hager Investment Management Services LLC bought a new stake in shares of Schlumberger during the 4th quarter valued at about $38,000. Finally, Bogart Wealth LLC raised its stake in Schlumberger by 468.9% during the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after acquiring an additional 844 shares during the period. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Down 1.7 %

SLB opened at $34.03 on Thursday. The stock's fifty day moving average is $38.91 and its 200-day moving average is $40.56. 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 $46.28 billion, a PE ratio of 10.94, a P/E/G ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the company's 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 owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the insider now directly owns 53,584 shares of the company's stock, valued at approximately $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 117,647 shares of company stock valued at $4,876,679. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on SLB. Citigroup upped their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. BMO Capital Markets lowered their price objective on Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. Wells Fargo & Company upgraded 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. Susquehanna lowered their price target on shares of Schlumberger from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Monday, April 14th. Finally, Stifel Nicolaus cut their price objective on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Five investment 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 stock. Based on data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and a consensus target price of $54.15.

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.

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