Quantessence Capital LLC Invests $1.39 Million in Schlumberger Limited (NYSE:SLB)

Quantessence Capital LLC purchased a new stake in Schlumberger Limited (NYSE:SLB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 36,287 shares of the oil and gas company's stock, valued at approximately $1,391,000.

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

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now directly owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $40.41, for a total transaction of $223,224.84. Following the sale, the insider now owns 30,829 shares of the company's stock, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 117,647 shares of company stock worth $4,876,679 over the last 90 days. Corporate insiders own 0.26% of the company's stock.

Schlumberger Stock Down 1.1 %

Shares of SLB traded down $0.40 during mid-day trading on Friday, reaching $34.53. The company's stock had a trading volume of 23,935,960 shares, compared to its average volume of 13,211,989. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $50.94. The stock has a market cap of $46.96 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The company's 50 day moving average is $38.61 and its 200 day moving average is $40.39.

Schlumberger (NYSE:SLB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The oil and gas company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SLB. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Stifel Nicolaus dropped their target price on Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Citigroup boosted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group cut their target price on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, March 27th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Schlumberger presently has an average rating of "Moderate Buy" and an average target price of $53.85.

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.