TD Waterhouse Canada Inc. Has $1.73 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

TD Waterhouse Canada Inc. lowered its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 52.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,975 shares of the oil and gas company's stock after selling 49,623 shares during the period. TD Waterhouse Canada Inc.'s holdings in Schlumberger were worth $1,725,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of SLB. YANKCOM Partnership acquired a new stake in shares of Schlumberger in the 4th quarter valued at approximately $31,000. Stonebridge Financial Group LLC acquired a new stake in Schlumberger in the fourth quarter valued at approximately $32,000. Golden State Wealth Management LLC bought a new stake in shares of Schlumberger during the fourth quarter worth $34,000. Hager Investment Management Services LLC acquired a new position in shares of Schlumberger during the fourth quarter worth $38,000. Finally, Bogart Wealth LLC lifted its stake in shares of 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 acquiring an additional 844 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the transaction, the executive vice president now owns 210,502 shares in the company, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of the company's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total value of $1,062,623.24. Following the sale, the insider now owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,647 shares of company stock worth $4,876,679. 0.26% of the stock is owned by corporate insiders.

Schlumberger Trading Down 1.7 %

NYSE SLB opened at $34.03 on Thursday. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The business has a 50 day moving average price of $38.91 and a 200-day moving average price of $40.56. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49. The company has a market cap of $46.28 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 10.10 and a beta of 1.11.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SLB shares. Jefferies Financial Group lowered their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, March 27th. BMO Capital Markets cut their target price on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Stifel Nicolaus decreased their price target on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Susquehanna cut their price target on shares of Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Citigroup boosted their price objective on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.

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