Schlumberger Limited (NYSE:SLB) Shares Sold by Capital International Inc. CA

Capital International Inc. CA lowered its stake in shares of Schlumberger Limited (NYSE:SLB) by 7.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 315,375 shares of the oil and gas company’s stock after selling 23,869 shares during the period. Capital International Inc. CA’s holdings in Schlumberger were worth $12,091,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Schlumberger

In other news, EVP Mogharbel Khaled Al sold 123,097 shares of the 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 $8,140,160.34. This represents a 40.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the completion of the sale, the director now owns 49,595 shares of the company’s stock, valued at approximately $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 315,905 shares of company stock worth $13,609,283. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SLB. JPMorgan Chase & Co. upped their price target on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Citigroup boosted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, March 27th. Barclays lowered their target price on shares of Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Finally, Susquehanna cut their price target on Schlumberger from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.15.

Schlumberger Stock Up 2.8 %

SLB opened at $35.09 on Friday. The business’s fifty day simple moving average is $39.35 and its 200 day simple moving average is $40.75. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94. The firm has a market cap of $47.72 billion, a P/E ratio of 11.28, a PEG ratio of 10.10 and a beta of 1.11. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal 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.