Coastline Trust Co Lowers Stock Position in Schlumberger Limited (NYSE:SLB)

Coastline Trust Co trimmed its position in Schlumberger Limited (NYSE:SLB - Free Report) by 34.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,290 shares of the oil and gas company's stock after selling 7,580 shares during the period. Coastline Trust Co's holdings in Schlumberger were worth $548,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SLB. YANKCOM Partnership bought a new position in shares of Schlumberger in the fourth quarter worth about $31,000. Stonebridge Financial Group LLC bought a new stake in Schlumberger during the 4th quarter worth approximately $32,000. Golden State Wealth Management LLC purchased a new position in Schlumberger during the fourth quarter valued at approximately $34,000. Hager Investment Management Services LLC bought a new position in shares of Schlumberger in the fourth quarter worth approximately $38,000. Finally, Bogart Wealth LLC increased its stake in shares of Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company's stock worth $39,000 after purchasing an additional 844 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Activity at Schlumberger

In other news, insider Bejar Carmen Rando sold 5,524 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the transaction, the insider now owns 30,829 shares of the company's stock, valued at approximately $1,245,799.89. The trade was a 15.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Abdellah Merad sold 60,000 shares of the firm's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the sale, the executive vice president now owns 210,502 shares of the company's stock, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,647 shares of company stock valued at $4,876,679. Corporate insiders own 0.26% of the company's stock.

Schlumberger Price Performance

SLB stock traded down $0.07 during trading on Friday, hitting $34.87. The stock had a trading volume of 12,592,149 shares, compared to its average volume of 13,127,191. The company's 50-day moving average price is $38.77 and its two-hundred day moving average price is $40.48. Schlumberger Limited has a twelve month low of $31.11 and a twelve month high of $50.94. The stock has a market capitalization of $47.41 billion, a P/E ratio of 11.18, a PEG ratio of 10.10 and a beta of 1.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations 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 firm posted $0.75 earnings per share. As a group, research analysts predict that Schlumberger Limited will post 3.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on SLB. TD Cowen lifted their target price on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Barclays lowered their price objective on Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Wells Fargo & Company upgraded Schlumberger from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, April 8th. Susquehanna lowered their price target on Schlumberger from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, Jefferies Financial Group dropped their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of "Moderate Buy" and a consensus target price of $54.15.

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.