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

Capital International Inc. CA lessened its position in Schlumberger Limited (NYSE:SLB - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Schlumberger during the fourth quarter worth $31,000. Stonebridge Financial Group LLC acquired a new position in shares of Schlumberger in the 4th quarter valued at $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger during the 4th quarter valued at $34,000. Hager Investment Management Services LLC purchased a new stake in shares of Schlumberger during the 4th quarter valued at $38,000. Finally, Bogart Wealth LLC increased its holdings in shares of Schlumberger by 468.9% during the 4th quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after buying an additional 844 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Schlumberger Stock Down 1.6 %

Shares of SLB stock traded down $0.55 during mid-day trading on Friday, reaching $34.38. 12,874,593 shares of the company were exchanged, compared to its average volume of 13,131,018. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $50.94. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market capitalization of $46.75 billion, a P/E ratio of 11.08, a P/E/G ratio of 10.10 and a beta of 1.11. The business's 50 day simple moving average is $38.77 and its 200 day simple moving average is $40.48.

Schlumberger (NYSE:SLB - Get Free Report) last issued its 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). The firm had revenue of $8.49 billion during the quarter, compared to analyst estimates of $8.64 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. During the same quarter in the previous year, the business posted $0.75 EPS. Research analysts predict that Schlumberger Limited will post 3.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of research reports. Jefferies Financial Group lowered their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. TD Cowen increased their target price on shares of Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price target (down from $62.00) on shares of Schlumberger in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price objective 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. Finally, Stifel Nicolaus cut their target price on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.15.

Insiders Place Their Bets

In related news, EVP Abdellah Merad sold 60,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president now owns 210,502 shares of the company's stock, valued at $8,723,202.88. This represents a 22.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gavin Rennick sold 26,990 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the completion of the transaction, the insider now directly owns 53,584 shares in the company, valued at $2,192,657.28. This represents a 33.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,647 shares of company stock valued at $4,876,679. Company insiders own 0.26% of the company's stock.

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.