Schlumberger Limited (NYSE:SLB) Stock Holdings Increased by MML Investors Services LLC

MML Investors Services LLC boosted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,212 shares of the oil and gas company's stock after purchasing an additional 11,557 shares during the period. MML Investors Services LLC's holdings in Schlumberger were worth $7,408,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake 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 worth $1,146,195,000 after acquiring an additional 1,377,134 shares during the last quarter. First Eagle Investment Management LLC increased its position in Schlumberger by 1.2% in the 4th quarter. First Eagle Investment Management LLC now owns 27,836,555 shares of the oil and gas company's stock worth $1,067,254,000 after purchasing an additional 343,261 shares during the last quarter. Norges Bank purchased a new stake in shares of Schlumberger during the 4th quarter worth about $735,398,000. Boston Partners lifted its holdings in shares of Schlumberger by 9.9% during the 4th quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock valued at $597,356,000 after buying an additional 1,405,186 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Schlumberger by 12.4% in the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock valued at $590,320,000 after buying an additional 1,700,203 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $34.03 on Thursday. The firm has a market capitalization of $46.28 billion, a PE ratio of 10.94, a PEG ratio of 10.10 and a beta of 1.11. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $50.94. The business's 50 day moving average is $38.91 and its 200-day moving average is $40.56.

Insiders Place Their Bets

In related news, insider Gavin Rennick sold 26,990 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total value of $1,104,430.80. Following the sale, the insider now owns 53,584 shares of the company's stock, valued at $2,192,657.28. The trade was a 33.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bejar Carmen Rando sold 5,524 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $1,245,799.89. This represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 117,647 shares of company stock worth $4,876,679 over the last 90 days. Corporate insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. JPMorgan Chase & Co. lifted 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. Stifel Nicolaus lowered their target price 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. Susquehanna cut their target price on Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen upped their price target on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Five 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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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