WealthTrust Axiom LLC Boosts Holdings in Schlumberger Limited (NYSE:SLB)

WealthTrust Axiom LLC increased its position in Schlumberger Limited (NYSE:SLB - Free Report) by 46.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,433 shares of the oil and gas company's stock after acquiring an additional 40,260 shares during the quarter. Schlumberger comprises about 1.5% of WealthTrust Axiom LLC's holdings, making the stock its 16th biggest holding. WealthTrust Axiom LLC's holdings in Schlumberger were worth $4,886,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Schlumberger in the 4th quarter valued at about $735,398,000. Pacer Advisors Inc. lifted its position in Schlumberger by 12,289.6% in the 4th quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock worth $500,082,000 after buying an additional 12,938,082 shares during the last quarter. Clearbridge Investments LLC grew its position in Schlumberger by 43,028.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after acquiring an additional 2,646,653 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Schlumberger by 12.4% during the fourth quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after acquiring an additional 1,700,203 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Schlumberger by 196.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock worth $88,654,000 after acquiring an additional 1,533,366 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Schlumberger Stock Up 2.8 %

Shares of SLB traded up $0.94 during trading hours on Friday, hitting $35.09. The company had a trading volume of 15,915,644 shares, compared to its average volume of 13,057,693. The stock has a market capitalization of $47.72 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 10.10 and a beta of 1.11. The firm has a fifty day moving average price of $39.48 and a 200-day moving average price of $40.83. Schlumberger Limited has a 52-week low of $31.11 and a 52-week high of $51.77. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to analysts' expectations of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. On average, equities research analysts forecast that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 43,161 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.96, for a total value of $1,897,357.56. Following the completion of the sale, the insider now directly owns 235,024 shares in the company, valued at $10,331,655.04. The trade was a 15.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were 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 in the company, valued at approximately $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,905 shares of company stock worth $13,609,283. Insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SLB shares. Stifel Nicolaus decreased 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. Griffin Securities lowered Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and decreased their price target for the stock from $46.00 to $44.00 in a research note on Tuesday, April 8th. Piper Sandler initiated coverage on Schlumberger in a research report on Thursday, December 19th. They issued a "neutral" rating and a $47.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 21st. Five investment 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 stock. According to 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.