Schlumberger Limited (NYSE:SLB) Shares Sold by Coastline Trust Co

Coastline Trust Co lessened its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 34.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,290 shares of the oil and gas company's stock after selling 7,580 shares during the quarter. Coastline Trust Co's holdings in Schlumberger were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SLB. Wilmington Savings Fund Society FSB boosted its position in Schlumberger by 27.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock worth $3,223,000 after acquiring an additional 16,350 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Schlumberger by 32.2% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 71,390 shares of the oil and gas company's stock worth $2,737,000 after purchasing an additional 17,405 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Schlumberger by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 29,985,360 shares of the oil and gas company's stock valued at $1,146,195,000 after purchasing an additional 1,377,134 shares during the period. Bryn Mawr Capital Management LLC increased its stake in Schlumberger by 502.6% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock valued at $7,592,000 after purchasing an additional 165,162 shares during the last quarter. Finally, Narwhal Capital Management lifted its position in Schlumberger by 225.5% during the fourth quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock worth $2,862,000 after buying an additional 51,715 shares during the period. Hedge funds and other institutional investors own 81.99% of the company's stock.

Insider Transactions at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the transaction, the executive vice president now owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of the company'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 value of $1,098,500.00. Following the sale, the director now owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Stock Up 2.8 %

Shares of Schlumberger stock opened at $35.09 on Friday. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The company 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. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. The business has a 50-day moving average of $39.35 and a 200-day moving average of $40.75.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The firm had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. During the same quarter last year, the firm earned $0.86 EPS. Schlumberger's quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. BMO Capital Markets lowered their price target on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. TD Cowen upped their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Stifel Nicolaus cut their price target on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Five equities 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $54.15.

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.

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