Gabelli Funds LLC Has $31.77 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Gabelli Funds LLC reduced its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 828,598 shares of the oil and gas company's stock after selling 36,800 shares during the period. Gabelli Funds LLC owned approximately 0.06% of Schlumberger worth $31,768,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC bought a new position in Schlumberger during the fourth quarter worth about $32,000. Golden State Wealth Management LLC bought a new position in Schlumberger during the fourth quarter worth about $34,000. Hager Investment Management Services LLC acquired a new stake in Schlumberger in the 4th quarter worth about $38,000. Finally, Bogart Wealth LLC boosted its holdings in Schlumberger by 468.9% in the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 844 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ugo Prechner sold 7,000 shares of the business's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $44.20, for a total transaction of $309,400.00. Following the completion of the transaction, the vice president now owns 11,240 shares in the company, valued at $496,808. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 315,905 shares of company stock worth $13,609,283 over the last three months. Company insiders own 0.26% of the company's stock.

Schlumberger Trading Up 2.8 %

Shares of Schlumberger stock traded up $0.94 on Friday, hitting $35.09. The stock had a trading volume of 15,915,644 shares, compared to its average volume of 13,061,114. The stock has a 50 day moving average of $39.35 and a 200 day moving average of $40.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The firm has a market capitalization of $47.72 billion, a P/E ratio of 11.28, a PEG ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter last year, the firm earned $0.86 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SLB. Barclays dropped their price target on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Monday, March 31st. BMO Capital Markets cut their target price on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Susquehanna cut their price objective 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, Citigroup boosted their target price on shares of Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and a consensus price target of $54.15.

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.