Sanders Capital LLC Buys 203,766 Shares of Schlumberger Limited (NYSE:SLB)

Sanders Capital LLC raised its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,697,985 shares of the oil and gas company's stock after purchasing an additional 203,766 shares during the period. Sanders Capital LLC owned 0.76% of Schlumberger worth $410,161,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in Schlumberger during the fourth quarter valued at approximately $735,398,000. Pacer Advisors Inc. grew 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 valued at $500,082,000 after buying an additional 12,938,082 shares during the period. Clearbridge Investments LLC increased its position in shares of Schlumberger by 43,028.0% in the 4th quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after buying an additional 2,646,653 shares in the last quarter. Franklin Resources Inc. raised its stake in Schlumberger by 12.4% during the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after buying an additional 1,700,203 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Schlumberger by 196.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock worth $88,654,000 after acquiring an additional 1,533,366 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SLB. Susquehanna dropped their price target on Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Monday. Griffin Securities lowered shares of Schlumberger from a "buy" rating to a "neutral" rating in a research note on Friday, December 20th. Stifel Nicolaus lowered their price objective on shares of Schlumberger from $59.00 to $58.00 and set a "buy" rating for the company in a research report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $57.00 target price on shares of Schlumberger in a research note on Tuesday, January 21st. Finally, Evercore ISI reissued an "in-line" rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.15.

Insider Transactions at Schlumberger

In related news, insider Aparna Raman sold 25,133 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the sale, the insider now owns 31,031 shares of the company's stock, valued at $1,311,990.68. This represents a 44.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total value 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. This trade represents a 40.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is currently owned by corporate insiders.

Schlumberger Stock Performance

Shares of NYSE:SLB traded up $0.94 on Friday, hitting $35.09. The company had a trading volume of 15,915,644 shares, compared to its average volume of 13,057,693. The stock has a 50 day moving average price of $39.48 and a 200 day moving average price of $40.83. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a market cap of $47.72 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 1-year low of $31.11 and a 1-year high of $51.77.

Schlumberger (NYSE:SLB - Get Free Report) last posted its earnings results on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts expect that Schlumberger Limited will post 3.38 EPS 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.