Schlumberger Limited (NYSE:SLB) Shares Purchased by Lakewood Asset Management LLC

Lakewood Asset Management LLC boosted its position in shares of Schlumberger Limited (NYSE:SLB) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,235 shares of the oil and gas company’s stock after buying an additional 407 shares during the quarter. Lakewood Asset Management LLC’s holdings in Schlumberger were worth $1,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in shares of Schlumberger by 50.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,133 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 2,063 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Schlumberger by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 927,875 shares of the oil and gas company’s stock valued at $43,777,000 after acquiring an additional 87,236 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Schlumberger by 40.4% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 17,990 shares of the oil and gas company’s stock worth $849,000 after acquiring an additional 5,179 shares in the last quarter. Mesirow Financial Investment Management Inc. raised its position in Schlumberger by 21.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 11,847 shares of the oil and gas company’s stock worth $559,000 after acquiring an additional 2,061 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its holdings in Schlumberger by 9.6% during the second quarter. Pekin Hardy Strauss Inc. now owns 23,011 shares of the oil and gas company’s stock valued at $1,086,000 after purchasing an additional 2,015 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SLB. Dbs Bank started coverage on shares of Schlumberger in a research note on Wednesday, September 18th. They set a “buy” rating and a $64.50 target price for the company. Barclays cut their price objective on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, December 18th. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. BMO Capital Markets dropped their price target on Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, October 10th. Finally, Jefferies Financial Group decreased their price objective on Schlumberger from $64.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Six research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.58.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the transaction, the executive vice president now owns 211,937 shares of the company’s stock, valued at approximately $8,880,160.30. This trade represents a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

NYSE SLB opened at $40.46 on Thursday. The stock has a fifty day simple moving average of $40.95 and a 200-day simple moving average of $42.95. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock has a market cap of $57.14 billion, a PE ratio of 13.01, a P/E/G ratio of 1.35 and a beta of 1.52. Schlumberger Limited has a twelve month low of $36.52 and a twelve month high of $55.69.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, October 18th. The oil and gas company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $9.16 billion during the quarter, compared to analysts’ expectations of $9.27 billion. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Equities analysts anticipate that Schlumberger Limited will post 3.39 earnings per share for the current year.

About Schlumberger

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.