Capital Analysts LLC Sells 1,665 Shares of Schlumberger Limited (NYSE:SLB)

Capital Analysts LLC trimmed its holdings in Schlumberger Limited (NYSE:SLB) by 24.3% in the 4th quarter, Holdings Channel reports. The fund owned 5,191 shares of the oil and gas company’s stock after selling 1,665 shares during the quarter. Capital Analysts LLC’s holdings in Schlumberger were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Landmark Financial Advisors LLC grew its position in Schlumberger by 3.6% in the 3rd quarter. Landmark Financial Advisors LLC now owns 4,838 shares of the oil and gas company’s stock worth $282,000 after purchasing an additional 170 shares during the last quarter. Investment Advisory Services Inc. TX ADV grew its position in Schlumberger by 1.4% during the third quarter. Investment Advisory Services Inc. TX ADV now owns 11,968 shares of the oil and gas company’s stock worth $698,000 after buying an additional 171 shares in the last quarter. Miller Howard Investments Inc. NY increased its stake in Schlumberger by 0.5% during the third quarter. Miller Howard Investments Inc. NY now owns 32,845 shares of the oil and gas company’s stock valued at $1,915,000 after acquiring an additional 176 shares during the period. Stonegate Investment Group LLC raised its holdings in Schlumberger by 1.7% in the 3rd quarter. Stonegate Investment Group LLC now owns 10,864 shares of the oil and gas company’s stock valued at $633,000 after acquiring an additional 177 shares in the last quarter. Finally, CI Investments Inc. lifted its position in shares of Schlumberger by 4.9% in the 3rd quarter. CI Investments Inc. now owns 4,142 shares of the oil and gas company’s stock worth $241,000 after acquiring an additional 192 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at Schlumberger

In other news, CAO Howard Guild sold 22,853 shares of the stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the sale, the chief accounting officer now owns 22,181 shares in the company, valued at $1,145,870.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Howard Guild sold 22,853 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total value of $1,180,585.98. Following the completion of the transaction, the chief accounting officer now directly owns 22,181 shares of the company’s stock, valued at $1,145,870.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,191 shares of company stock worth $8,636,322. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

SLB stock opened at $50.81 on Thursday. The firm has a market cap of $72.53 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 0.98 and a beta of 1.60. Schlumberger Limited has a 12-month low of $42.73 and a 12-month high of $62.12. The company’s fifty day simple moving average is $51.50 and its 200 day simple moving average is $52.50. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB) last issued its earnings results on Friday, January 19th. The oil and gas company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The company had revenue of $8.99 billion for the quarter, compared to analysts’ expectations of $8.96 billion. During the same period last year, the business earned $0.71 EPS. Schlumberger’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, analysts expect that Schlumberger Limited will post 3.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. The Goldman Sachs Group restated a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Barclays reduced their price objective on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, April 4th. Royal Bank of Canada upped their target price on shares of Schlumberger from $66.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Wells Fargo & Company boosted their price target on Schlumberger from $69.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Stifel Nicolaus increased their target price on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.31.

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.