Stifel Financial Corp Acquires 1,044,322 Shares of Schlumberger Limited (NYSE:SLB)

Stifel Financial Corp raised its position in Schlumberger Limited (NYSE:SLB - Free Report) by 44.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,390,077 shares of the oil and gas company's stock after purchasing an additional 1,044,322 shares during the quarter. Stifel Financial Corp owned approximately 0.24% of Schlumberger worth $129,976,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. State of Tennessee Department of Treasury increased its holdings in Schlumberger by 8.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 744,076 shares of the oil and gas company's stock worth $28,528,000 after buying an additional 56,956 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Schlumberger by 68.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 42,500 shares of the oil and gas company's stock worth $1,629,000 after acquiring an additional 17,221 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Schlumberger by 1.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 769,302 shares of the oil and gas company's stock worth $29,495,000 after purchasing an additional 7,427 shares during the last quarter. MML Investors Services LLC raised its holdings in Schlumberger by 6.4% during the fourth quarter. MML Investors Services LLC now owns 193,212 shares of the oil and gas company's stock valued at $7,408,000 after buying an additional 11,557 shares in the last quarter. Finally, Natixis boosted its stake in shares of Schlumberger by 242.4% during the 4th quarter. Natixis now owns 111,994 shares of the oil and gas company's stock worth $4,294,000 after acquiring an additional 79,283 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays reduced their target price on Schlumberger from $53.00 to $48.00 and set an "overweight" rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. boosted their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and dropped their price objective for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, Citigroup raised their target price on Schlumberger from $50.00 to $54.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Five investment 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.85.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the transaction, the executive vice president now directly owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the company'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 completion of the sale, the insider now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 117,647 shares of company stock valued at $4,876,679 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

Schlumberger Price Performance

Shares of NYSE:SLB traded down $0.40 during midday trading on Friday, reaching $34.53. 23,935,960 shares of the company's stock were exchanged, compared to its average volume of 13,171,322. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company's 50 day simple moving average is $38.77 and its two-hundred day simple moving average is $40.48. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The firm has a market capitalization of $46.96 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last released 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 net margin of 12.29% and a return on equity of 21.90%. 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 firm posted $0.75 earnings per share. Equities research analysts expect that Schlumberger Limited will post 3.38 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.