Rep. Jefferson Shreve Purchases Shares of Schlumberger Limited (NYSE:SLB)

Representative Jefferson Shreve (R-Indiana) recently bought shares of Schlumberger Limited NYSE: SLB. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Schlumberger stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Schlumberger Stock Up 2.8 %

Shares of SLB traded up $0.94 during mid-day trading on Friday, reaching $35.09. The company had a trading volume of 15,915,644 shares, compared to its average volume of 13,061,114. 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 $47.72 billion, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11. The firm has a 50-day moving average price of $39.35 and a 200 day moving average price of $40.72. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. On average, sell-side analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Susquehanna decreased their target price on shares of Schlumberger from $55.00 to $48.00 and set a "positive" rating for the company in a report on Monday, April 14th. BMO Capital Markets reduced their target price on Schlumberger from $53.00 to $48.00 in a report on Thursday, January 16th. TD Cowen lifted their price objective on Schlumberger from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Wells Fargo & Company upgraded shares of Schlumberger from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $46.00 to $44.00 in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $57.00 price target on shares of Schlumberger in a research note on Tuesday, January 21st. Five 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.15.

Hedge Funds Weigh In On Schlumberger

A number of hedge funds have recently modified their holdings of SLB. YANKCOM Partnership bought a new stake in Schlumberger during the fourth quarter valued at about $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger in the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC purchased a new stake in shares of Schlumberger during the 4th quarter worth approximately $34,000. Hager Investment Management Services LLC bought a new position in shares of Schlumberger during the 4th quarter valued at approximately $38,000. Finally, True Wealth Design LLC boosted its position in shares of Schlumberger by 584.7% during the 4th quarter. True Wealth Design LLC now owns 986 shares of the oil and gas company's stock valued at $38,000 after acquiring an additional 842 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Activity at Schlumberger

In other Schlumberger news, VP Ugo Prechner sold 7,000 shares of Schlumberger stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total value of $309,400.00. Following the completion of the transaction, the vice president now directly owns 11,240 shares of the company's stock, valued at $496,808. This trade represents a 38.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the transaction, the executive vice president now directly owns 184,626 shares of the company's stock, valued at approximately $8,140,160.34. The trade was a 40.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is owned by corporate insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.