Sawgrass Asset Management LLC trimmed its position in Schlumberger (NYSE:SLB) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,037 shares of the oil and gas company’s stock after selling 1,375 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Schlumberger were worth $1,216,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meyer Handelman Co. increased its stake in shares of Schlumberger by 12.3% in the third quarter. Meyer Handelman Co. now owns 232,113 shares of the oil and gas company’s stock worth $16,193,000 after buying an additional 25,494 shares during the period. Randolph Co Inc purchased a new position in shares of Schlumberger in the fourth quarter worth $10,771,000. First Eagle Investment Management LLC increased its stake in shares of Schlumberger by 8.6% in the third quarter. First Eagle Investment Management LLC now owns 17,406,016 shares of the oil and gas company’s stock worth $1,214,244,000 after buying an additional 1,380,252 shares during the period. Twin Tree Management LP increased its stake in shares of Schlumberger by 135.8% in the fourth quarter. Twin Tree Management LP now owns 51,268 shares of the oil and gas company’s stock worth $3,455,000 after buying an additional 194,616 shares during the period. Finally, American Assets Investment Management LLC increased its stake in shares of Schlumberger by 79.6% in the third quarter. American Assets Investment Management LLC now owns 112,822 shares of the oil and gas company’s stock worth $7,870,000 after buying an additional 50,000 shares during the period. 80.09% of the stock is currently owned by institutional investors.
Shares of SLB stock opened at $68.91 on Tuesday. Schlumberger has a 12 month low of $61.02 and a 12 month high of $80.35. The firm has a market cap of $95,809.70, a PE ratio of 45.94, a price-to-earnings-growth ratio of 5.46 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36.
Schlumberger (NYSE:SLB) last announced its earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. Schlumberger had a negative net margin of 4.01% and a positive return on equity of 5.85%. The firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.79 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. analysts expect that Schlumberger will post 2.12 earnings per share for the current year.
Several research analysts recently commented on the stock. Seaport Global Securities set a $76.00 target price on shares of Schlumberger and gave the stock a “buy” rating in a research note on Monday. Credit Suisse Group set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday. Cowen reiterated a “buy” rating and issued a $77.00 price target on shares of Schlumberger in a report on Friday, April 13th. SunTrust Banks set a $82.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday. Finally, Susquehanna Bancshares set a $88.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twenty-five have issued a buy rating to the stock. Schlumberger presently has a consensus rating of “Buy” and an average target price of $79.84.
In related news, insider Mogharbel Khaled Al purchased 3,000 shares of the stock in a transaction dated Wednesday, March 28th. The stock was purchased at an average price of $64.30 per share, with a total value of $192,900.00. Following the transaction, the insider now directly owns 30,482 shares in the company, valued at $1,959,992.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total value of $5,914,500.00. Following the completion of the transaction, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 18,000 shares of company stock worth $1,163,650. Company insiders own 0.48% of the company’s stock.
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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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