Teachers Retirement System of The State of Kentucky Buys 7,427 Shares of Schlumberger Limited (NYSE:SLB)

Teachers Retirement System of The State of Kentucky lifted its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 769,302 shares of the oil and gas company's stock after purchasing an additional 7,427 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of Schlumberger worth $29,495,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CX Institutional increased its holdings in Schlumberger by 2.4% during the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company's stock worth $398,000 after purchasing an additional 244 shares in the last quarter. TCW Group Inc. increased its holdings in Schlumberger by 1.3% in the 4th quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company's stock worth $759,000 after acquiring an additional 259 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of 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 raised its holdings 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 valued at $167,000 after acquiring an additional 283 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. grew 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 valued at $566,000 after buying an additional 293 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 31,031 shares of the company's stock, valued at approximately $1,311,990.68. This represents a 44.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gavin Rennick sold 26,990 shares of Schlumberger stock in a transaction that occurred on 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 in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 117,647 shares of company stock valued at $4,876,679 over the last three months. Corporate insiders own 0.26% of the company's stock.

Schlumberger Trading Down 1.1 %

SLB traded down $0.40 during midday trading on Friday, reaching $34.53. 23,935,557 shares of the company's stock traded hands, compared to its average volume of 17,424,725. The stock has a market capitalization of $46.96 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The firm has a fifty day moving average of $38.77 and a two-hundred day moving average of $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 released its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the firm earned $0.75 EPS. On average, equities analysts anticipate that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SLB has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised their price target on Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Barclays lowered their target price on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. TD Cowen increased their price target on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Finally, Citigroup upped their target price on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Five 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 stock. According to data from MarketBeat.com, Schlumberger currently has an average rating of "Moderate Buy" and a consensus target price of $54.15.

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.