Aware Super Pty Ltd as trustee of Aware Super Acquires Shares of 290,482 Schlumberger Limited $SLB

Key Points

• Aware Super Pty Ltd has acquired 290,482 shares of Schlumberger Limited for approximately $9.8 million, marking a significant investment in the oil and gas company.
• Schlumberger reported an EPS of $0.74 for the last quarter, beating analysts' expectations, although its revenue declined 6.5% compared to the same quarter last year.
• Analysts have issued mixed ratings for Schlumberger, with a consensus rating of "Moderate Buy" and a target price around $52.06.

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Schlumberger Limited (NYSE:SLB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 290,482 shares of the oil and gas company's stock, valued at approximately $9,818,000.

A number of other institutional investors have also made changes to their positions in SLB. Nuveen LLC acquired a new stake in Schlumberger during the 1st quarter valued at $169,232,000. Scharf Investments LLC raised its position in shares of Schlumberger by 20.5% in the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company's stock valued at $69,133,000 after purchasing an additional 281,773 shares during the period. Alan B Lancz & Associates Inc. acquired a new stake in shares of Schlumberger during the 1st quarter worth about $308,000. Shell Asset Management Co. boosted its holdings in shares of Schlumberger by 48.1% during the 2nd quarter. Shell Asset Management Co. now owns 62,737 shares of the oil and gas company's stock worth $2,121,000 after buying an additional 20,387 shares during the period. Finally, Godsey & Gibb Inc. boosted its holdings in shares of Schlumberger by 9.6% during the 2nd quarter. Godsey & Gibb Inc. now owns 493,092 shares of the oil and gas company's stock worth $16,667,000 after buying an additional 43,135 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Schlumberger Trading Down 0.0%

SLB opened at $32.55 on Thursday. The stock has a market capitalization of $48.62 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 9.06 and a beta of 0.97. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The company has a 50-day simple moving average of $34.49 and a 200 day simple moving average of $34.71.

Schlumberger (NYSE:SLB - Get Free Report) last issued its earnings results on Friday, July 18th. The oil and gas company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to analysts' expectations of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. Analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays cut their price objective on shares of Schlumberger from $47.00 to $46.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. UBS Group lowered their target price on Schlumberger from $45.00 to $44.00 and set a "buy" rating on the stock in a research note on Wednesday, August 20th. Stifel Nicolaus reduced their price target on Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Jefferies Financial Group decreased their price objective on Schlumberger from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. dropped their target price on Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a report on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $52.06.

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.

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