Capital International Investors Boosts Stake in Schlumberger Limited (NYSE:SLB)

Capital International Investors boosted its holdings in Schlumberger Limited (NYSE:SLB) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,159,708 shares of the oil and gas company’s stock after acquiring an additional 82,882 shares during the quarter. Capital International Investors owned about 0.44% of Schlumberger worth $236,014,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. CX Institutional lifted its position in shares of Schlumberger by 2.4% during the 4th quarter. CX Institutional now owns 10,370 shares of the oil and gas company’s stock valued at $398,000 after acquiring an additional 244 shares during the period. TCW Group Inc. boosted its position in Schlumberger by 1.3% during the fourth quarter. TCW Group Inc. now owns 19,797 shares of the oil and gas company’s stock worth $759,000 after purchasing an additional 259 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased 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 buying an additional 262 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of Schlumberger by 7.0% during the 4th quarter. Cromwell Holdings LLC now owns 4,350 shares of the oil and gas company’s stock worth $167,000 after buying an additional 283 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Schlumberger by 2.0% in the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,775 shares of the oil and gas company’s stock worth $566,000 after buying an additional 293 shares in the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger Trading Up 2.8 %

Shares of NYSE SLB opened at $35.09 on Friday. The firm has a market capitalization of $47.72 billion, a PE ratio of 11.28, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a one year low of $31.11 and a one year 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 business has a 50-day moving average price of $39.35 and a two-hundred day moving average price of $40.75.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data 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. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion for 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 firm’s revenue was up 3.3% on a year-over-year basis. As a group, analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Insider Activity at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of Schlumberger stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value of $5,427,346.73. Following the completion of the sale, the executive vice president now directly owns 184,626 shares in the company, valued at $8,140,160.34. The trade was a 40.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Aparna Raman sold 25,133 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now owns 31,031 shares in the company, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,905 shares of company stock valued at $13,609,283. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the topic of several recent research reports. Jefferies Financial Group reduced their price target 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. Evercore ISI reiterated an “in-line” rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. JPMorgan Chase & Co. boosted 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. Barclays dropped their price objective on Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Finally, Susquehanna reduced their target price on shares of Schlumberger from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Five 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.15.

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.