Schlumberger Limited (NYSE:SLB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,321,912 shares of the oil and gas company's stock after purchasing an additional 93,137 shares during the period. Dimensional Fund Advisors LP owned 0.52% of Schlumberger worth $280,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. CX Institutional boosted its position in Schlumberger by 2.4% in the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock valued at $398,000 after buying an additional 244 shares during the period. TCW Group Inc. raised its stake in shares of Schlumberger by 1.3% in the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock valued at $759,000 after acquiring an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Schlumberger by 0.5% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 56,714 shares of the oil and gas company's stock valued at $2,174,000 after purchasing an additional 262 shares during the period. Cromwell Holdings LLC grew its stake in Schlumberger by 7.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company's stock worth $167,000 after purchasing an additional 283 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Schlumberger by 2.0% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company's stock worth $566,000 after purchasing an additional 293 shares during the period. Institutional investors own 81.99% of the company's stock.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares in the company, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares of the company's stock, valued at $8,723,202.88. This represents a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,647 shares of company stock valued at $4,876,679. 0.26% of the stock is owned by company insiders.

Schlumberger Stock Performance

Shares of NYSE:SLB traded down $0.40 on Friday, reaching $34.53. The company's stock had a trading volume of 23,935,960 shares, compared to its average volume of 13,171,322. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $50.94. The stock has a market capitalization of $46.96 billion, a P/E ratio of 11.10, a PEG ratio of 10.10 and a beta of 1.11. The stock's 50-day moving average is $38.77 and its two-hundred day moving average is $40.48. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $8.49 billion for the quarter, compared to analyst estimates of $8.64 billion. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Wall Street Analyst Weigh In

SLB has been the subject of a number of analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a research report on Tuesday, January 21st. Jefferies Financial Group dropped their price objective on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Barclays reduced their price objective on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday. JPMorgan Chase & Co. increased their target price on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Finally, Stifel Nicolaus decreased their price target on Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.85.

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.