Cypress Wealth Advisors LLC increased its stake in shares of Schlumberger Limited. (NYSE:SLB) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,852 shares of the oil and gas company’s stock after buying an additional 474 shares during the period. Cypress Wealth Advisors LLC’s holdings in Schlumberger Limited. were worth $827,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Webster Bank N. A. boosted its position in shares of Schlumberger Limited. by 1.2% in the third quarter. Webster Bank N. A. now owns 47,942 shares of the oil and gas company’s stock valued at $3,770,000 after buying an additional 575 shares during the last quarter. Peddock Capital Advisors LLC bought a new position in shares of Schlumberger Limited. during the third quarter valued at about $189,000. Pennsylvania Trust Co boosted its position in shares of Schlumberger Limited. by 1.2% in the third quarter. Pennsylvania Trust Co now owns 70,090 shares of the oil and gas company’s stock valued at $5,512,000 after buying an additional 849 shares during the last quarter. Smithbridge Asset Management Inc. DE boosted its position in shares of Schlumberger Limited. by 0.7% in the third quarter. Smithbridge Asset Management Inc. DE now owns 31,342 shares of the oil and gas company’s stock valued at $2,465,000 after buying an additional 227 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Schlumberger Limited. by 8.7% in the third quarter. National Pension Service now owns 865,817 shares of the oil and gas company’s stock valued at $68,088,000 after buying an additional 68,951 shares during the last quarter. 78.66% of the stock is currently owned by institutional investors.
Schlumberger Limited. (NYSE:SLB) opened at 76.51 on Friday. The company’s market cap is $106.46 billion. The firm’s 50-day moving average price is $78.61 and its 200-day moving average price is $81.52. Schlumberger Limited. has a 52-week low of $72.00 and a 52-week high of $87.84.
Schlumberger Limited. (NYSE:SLB) last released its quarterly earnings data on Friday, January 20th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The business earned $7.11 billion during the quarter, compared to analysts’ expectations of $7.10 billion. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities analysts anticipate that Schlumberger Limited. will post $1.74 EPS for the current year.
Several research analysts recently issued reports on the company. Credit Suisse Group AG lifted their target price on Schlumberger Limited. from $94.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, January 23rd. Stephens cut Schlumberger Limited. from an “overweight” rating to an “equal weight” rating in a research report on Monday, January 23rd. Deutsche Bank AG set a $101.00 price objective on Schlumberger Limited. and gave the stock a “buy” rating in a research report on Monday, January 23rd. SunTrust Banks, Inc. initiated coverage on Schlumberger Limited. in a research report on Wednesday, January 18th. They issued a “hold” rating and a $92.00 price objective on the stock. Finally, BMO Capital Markets restated a “buy” rating and issued a $96.00 target price on shares of Schlumberger Limited. in a research note on Thursday, January 12th. Five equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Schlumberger Limited. has a consensus rating of “Buy” and an average price target of $95.83.
In other news, Director Tore I. Sandvold sold 5,000 shares of Schlumberger Limited. stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total transaction of $407,700.00. Following the completion of the sale, the director now directly owns 7,750 shares of the company’s stock, valued at approximately $631,935. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% of the stock is currently owned by insiders.
About Schlumberger Limited.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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