Sawgrass Asset Management LLC Has $1.22 Million Position in Schlumberger (SLB)

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.

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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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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.

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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