Duncker Streett & Co. Inc. Decreases Position in Schlumberger Limited $SLB

Key Points

• Duncker Streett & Co. Inc. has significantly decreased its position in Schlumberger Limited by 89.9% in Q2, now holding only 867 shares valued at $29,000.
• Multiple large investors have increased their stakes in Schlumberger, including Charles Schwab Investment Management, which grew its stake by 478.8%, controlling nearly 48 million shares.
• Analysts have mixed ratings on Schlumberger, with a consensus rating of "Moderate Buy" and an average price target of $52.06, reflecting a variety of outlooks on the company's future performance.

Duncker Streett & Co. Inc. cut its position in Schlumberger Limited (NYSE:SLB - Free Report) by 89.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 867 shares of the oil and gas company's stock after selling 7,716 shares during the period. Duncker Streett & Co. Inc.'s holdings in Schlumberger were worth $29,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake 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 worth $1,994,674,000 after acquiring an additional 39,474,501 shares during the period. Boston Partners grew its stake 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 worth $824,160,000 after acquiring an additional 4,300,222 shares during the period. Northern Trust Corp grew its stake 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 worth $602,860,000 after acquiring an additional 604,832 shares during the period. Dimensional Fund Advisors LP grew its stake 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 worth $375,738,000 after acquiring an additional 1,667,203 shares during the period. Finally, Invesco Ltd. grew its stake 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 worth $320,154,000 after acquiring an additional 281,937 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on SLB. Atb Cap Markets upgraded shares of Schlumberger from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. reduced their price target on shares of Schlumberger from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Monday, June 30th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Schlumberger in a research note on Wednesday, October 8th. Susquehanna reduced their price target on shares of Schlumberger from $44.00 to $42.00 and set a "positive" rating for the company in a research note on Monday, July 21st. Finally, UBS Group reduced their price target on shares of Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Two 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.06.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, insider Dianne B. Ralston sold 39,727 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, 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 SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by insiders.

Schlumberger Stock Performance

Shares of NYSE 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. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $48.62 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 9.06 and a beta of 0.97. Schlumberger Limited has a 12-month low of $31.11 and a 12-month high of $44.97.

Schlumberger (NYSE:SLB - Get Free Report) last announced its earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share (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 analyst estimates of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. On average, research analysts anticipate 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.

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