Townsquare Capital LLC Has $1.39 Million Position in Schlumberger Limited (NYSE:SLB)

Townsquare Capital LLC trimmed its stake in shares of Schlumberger Limited (NYSE:SLB) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,137 shares of the oil and gas company’s stock after selling 957 shares during the quarter. Townsquare Capital LLC’s holdings in Schlumberger were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd bought a new position in Schlumberger during the third quarter worth $232,000. Bard Financial Services Inc. acquired a new position in shares of Schlumberger in the 3rd quarter valued at about $229,000. SkyView Investment Advisors LLC boosted its position in shares of Schlumberger by 5.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company’s stock valued at $712,000 after purchasing an additional 936 shares in the last quarter. Sfmg LLC grew its stake in Schlumberger by 4.1% during the third quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company’s stock worth $3,708,000 after purchasing an additional 3,478 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its holdings in Schlumberger by 27.0% in the third quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company’s stock worth $3,223,000 after purchasing an additional 16,350 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on SLB shares. Piper Sandler assumed coverage on shares of Schlumberger in a research note on Thursday, December 19th. They issued a “neutral” rating and a $47.00 price objective for the company. Wells Fargo & Company raised shares of Schlumberger from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Stifel Nicolaus lowered their price objective on shares of Schlumberger from $59.00 to $58.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays reduced their price objective on shares of Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Finally, Griffin Securities lowered shares of Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $54.15.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Mogharbel Khaled Al sold 123,097 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the completion of the transaction, the executive vice president now owns 184,626 shares in the company, valued at $8,140,160.34. This trade represents a 40.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vijay Kasibhatla sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total transaction of $1,098,500.00. Following the sale, the director now owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 315,905 shares of company stock valued at $13,609,283. Company insiders own 0.26% of the company’s stock.

Schlumberger Price Performance

Shares of NYSE:SLB opened at $35.09 on Friday. Schlumberger Limited has a fifty-two week low of $31.11 and a fifty-two week high of $51.77. The company’s 50-day moving average is $39.48 and its 200 day moving average is $40.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market capitalization of $47.72 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 10.10 and a beta of 1.11.

Schlumberger (NYSE:SLB) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. On average, equities research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Company 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.