XTX Topco Ltd Invests $1.13 Million in Schlumberger Limited (NYSE:SLB)

XTX Topco Ltd bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 29,384 shares of the oil and gas company's stock, valued at approximately $1,127,000.

Other large investors have also recently made changes to their positions in the company. Belpointe Asset Management LLC grew its holdings in shares of Schlumberger by 1.4% during the fourth quarter. Belpointe Asset Management LLC now owns 38,645 shares of the oil and gas company's stock valued at $1,482,000 after buying an additional 527 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Schlumberger by 8.2% in the 4th quarter. CreativeOne Wealth LLC now owns 5,320 shares of the oil and gas company's stock worth $204,000 after purchasing an additional 405 shares during the period. Mariner LLC increased its holdings in shares of Schlumberger by 1.0% in the fourth quarter. Mariner LLC now owns 295,864 shares of the oil and gas company's stock worth $11,343,000 after purchasing an additional 2,794 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Schlumberger by 1.1% in the 4th quarter. Synovus Financial Corp now owns 110,947 shares of the oil and gas company's stock worth $4,254,000 after buying an additional 1,230 shares in the last quarter. Finally, Stamos Capital Partners L.P. bought a new position in shares of Schlumberger during the 4th quarter valued at approximately $2,830,000. 81.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SLB. JPMorgan Chase & Co. raised 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. TD Cowen increased their price objective on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. BMO Capital Markets reduced their price target on shares of Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Barclays lowered their target price on Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Monday, March 31st. Finally, Griffin Securities cut shares of Schlumberger from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.15.

Insiders Place Their Bets

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the transaction, the executive vice president now directly owns 184,626 shares in the company, valued at approximately $8,140,160.34. This represents a 40.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vijay Kasibhatla sold 25,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now directly owns 49,595 shares of the company's stock, valued at approximately $2,179,204.30. This trade represents a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 315,905 shares of company stock worth $13,609,283 in the last ninety days. Insiders own 0.26% of the company's stock.

Schlumberger Trading Up 2.8 %

SLB stock traded up $0.94 during mid-day trading on Friday, reaching $35.09. 15,915,644 shares of the stock traded hands, compared to its average volume of 13,076,236. The company has a market cap of $47.72 billion, a P/E ratio of 11.28, 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 company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock's fifty day moving average is $39.35 and its 200-day moving average is $40.77.

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

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.