Callan Family Office LLC Purchases 6,477 Shares of Schlumberger Limited $SLB

Callan Family Office LLC raised its position in Schlumberger Limited (NYSE:SLB) by 112.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,216 shares of the oil and gas company’s stock after purchasing an additional 6,477 shares during the period. Callan Family Office LLC’s holdings in Schlumberger were worth $413,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of Schlumberger by 478.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock valued at $1,994,674,000 after buying an additional 39,474,501 shares during the period. Boston Partners boosted its holdings in shares of Schlumberger by 27.7% in the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock valued at $824,160,000 after buying an additional 4,300,222 shares during the period. Northern Trust Corp boosted its holdings in shares of Schlumberger by 4.4% in the first quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock valued at $602,860,000 after buying an additional 604,832 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Schlumberger by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock valued at $375,738,000 after buying an additional 1,667,203 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Schlumberger by 3.8% in the first quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock valued at $320,154,000 after buying an additional 281,937 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on SLB shares. Melius Research started coverage on shares of Schlumberger in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Schlumberger in a report on Wednesday, October 8th. Wells Fargo & Company cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Zacks Research upgraded shares of Schlumberger from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, UBS Group reduced their target price on shares of Schlumberger from $45.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $52.06.

Insider Buying and Selling at Schlumberger

In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Schlumberger Stock Performance

Shares of SLB opened at $32.55 on Thursday. The firm has a 50-day moving average of $34.49 and a 200-day moving average of $34.71. Schlumberger Limited has a one year low of $31.11 and a one year high of $44.97. The company has a market cap of $48.62 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 9.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. As a group, equities analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Company 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.