Schlumberger Limited (NYSE:SLB) is Sanders Morris Harris LLC's 10th Largest Position

Sanders Morris Harris LLC trimmed its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 217,650 shares of the oil and gas company's stock after selling 31,500 shares during the period. Schlumberger accounts for 1.2% of Sanders Morris Harris LLC's portfolio, making the stock its 10th biggest position. Sanders Morris Harris LLC's holdings in Schlumberger were worth $8,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. ORG Partners LLC boosted its position in Schlumberger by 393.5% during the 3rd quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock valued at $25,000 after purchasing an additional 484 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Schlumberger during the third quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new position in shares of Schlumberger during the third quarter valued at $37,000. DiNuzzo Private Wealth Inc. grew its position in shares of Schlumberger by 1,068.3% during the third quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company's stock worth $40,000 after acquiring an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP acquired a new stake in shares of Schlumberger in the 3rd quarter worth about $47,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares of the company's stock, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. BMO Capital Markets reduced their target price on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday. Citigroup reduced their price objective on Schlumberger from $53.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Susquehanna lowered their target price on Schlumberger from $60.00 to $56.00 and set a "positive" rating on the stock in a research report on Monday, October 21st. TD Cowen cut their target price on Schlumberger from $65.00 to $53.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Dbs Bank began coverage on Schlumberger in a research note on Wednesday, September 18th. They issued a "buy" rating and a $64.50 price target for the company. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and a consensus price target of $56.03.

Schlumberger Price Performance

Shares of NYSE SLB traded up $0.52 during trading on Thursday, hitting $41.16. The company had a trading volume of 16,122,910 shares, compared to its average volume of 12,226,595. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. The business's 50-day moving average is $40.89 and its 200 day moving average is $42.93. The company has a market cap of $58.13 billion, a P/E ratio of 13.24, a PEG ratio of 1.35 and a beta of 1.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The company had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.27 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. Schlumberger's revenue for the quarter was up 10.2% compared to the same quarter last year. Equities research analysts predict that Schlumberger Limited will post 3.39 earnings per share for the current fiscal year.

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.