TCW Group Inc. Has $28.78 Million Stake in Schlumberger (SLB)

TCW Group Inc. lifted its position in shares of Schlumberger (NYSE:SLB) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 427,067 shares of the oil and gas company’s stock after acquiring an additional 22,769 shares during the period. TCW Group Inc.’s holdings in Schlumberger were worth $28,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SLB. Harding Loevner LP grew its stake in shares of Schlumberger by 1,337.3% during the 3rd quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after purchasing an additional 129,289,552 shares during the period. Dodge & Cox grew its stake in shares of Schlumberger by 12.8% during the 2nd quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after purchasing an additional 5,494,165 shares during the period. Capital International Investors lifted its position in shares of Schlumberger by 74.8% during the 3rd quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock valued at $699,798,000 after buying an additional 4,294,058 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Schlumberger by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock valued at $6,519,670,000 after buying an additional 2,790,227 shares in the last quarter. Finally, Northern Cross LLC lifted its position in shares of Schlumberger by 15.3% during the 4th quarter. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company’s stock valued at $1,337,870,000 after buying an additional 2,637,527 shares in the last quarter. 80.02% of the stock is currently owned by institutional investors and hedge funds.

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In related news, insider Mogharbel Khaled Al purchased 3,000 shares of Schlumberger stock in a transaction dated Wednesday, March 28th. The shares were acquired at an average price of $64.30 per share, for a total transaction of $192,900.00. Following the acquisition, the insider now directly owns 30,482 shares in the company, valued at $1,959,992.60. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Howard Guild sold 25,000 shares of Schlumberger stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $78.26, for a total value of $1,956,500.00. Following the transaction, the insider now owns 22,410 shares in the company, valued at approximately $1,753,806.60. The disclosure for this sale can be found here. In the last quarter, insiders have bought 18,000 shares of company stock worth $1,163,650. Insiders own 0.48% of the company’s stock.

Shares of SLB stock opened at $69.23 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 1.21. The firm has a market capitalization of $97,345.85, a price-to-earnings ratio of 46.15, a PEG ratio of 5.53 and a beta of 1.05. Schlumberger has a fifty-two week low of $61.02 and a fifty-two week high of $80.35.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Schlumberger had a positive return on equity of 5.27% and a negative net margin of 4.94%. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the previous year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. sell-side analysts expect that Schlumberger will post 2.12 EPS for the current year.

A number of brokerages have recently issued reports on SLB. Loop Capital reiterated a “buy” rating and set a $82.00 target price (up previously from $77.00) on shares of Schlumberger in a research report on Monday, January 22nd. Cowen set a $85.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Wednesday, February 14th. Zacks Investment Research lowered Schlumberger from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Susquehanna Bancshares set a $88.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Credit Suisse Group set a $86.00 target price on Schlumberger and gave the company a “buy” rating in a research report on Wednesday, March 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and twenty-six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.68.

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About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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