Schlumberger Limited (NYSE:SLB) Shares Purchased by Advisor Group Holdings Inc.

Advisor Group Holdings Inc. increased its stake in shares of Schlumberger Limited (NYSE:SLBGet Rating) by 8.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 223,531 shares of the oil and gas company’s stock after purchasing an additional 16,860 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Schlumberger were worth $6,744,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Equitec Proprietary Markets LLC acquired a new position in Schlumberger in the fourth quarter valued at $25,000. Old North State Trust LLC increased its stake in Schlumberger by 91.4% in the fourth quarter. Old North State Trust LLC now owns 911 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 435 shares during the period. Kozak & Associates Inc. acquired a new position in Schlumberger in the third quarter valued at $30,000. Liberty Wealth Management LLC increased its stake in Schlumberger by 50.4% in the third quarter. Liberty Wealth Management LLC now owns 1,047 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 351 shares during the period. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Schlumberger in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 75.52% of the company’s stock.

In related news, VP Kevin Fyfe sold 20,708 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $38.50, for a total transaction of $797,258.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mogharbel Khaled Al sold 29,366 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The stock was sold at an average price of $39.64, for a total transaction of $1,164,068.24. The disclosure for this sale can be found here. In the last three months, insiders sold 105,451 shares of company stock valued at $4,190,908. Company insiders own 0.28% of the company’s stock.

Shares of NYSE SLB opened at $41.65 on Friday. Schlumberger Limited has a 12-month low of $24.57 and a 12-month high of $46.27. The company has a market capitalization of $58.85 billion, a PE ratio of 31.55 and a beta of 2.02. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.22 and a quick ratio of 0.91. The firm’s 50-day moving average is $41.17 and its two-hundred day moving average is $36.15.

Schlumberger (NYSE:SLBGet Rating) last posted its quarterly earnings data on Friday, April 22nd. The oil and gas company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.90 billion. Schlumberger had a net margin of 8.20% and a return on equity of 13.32%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.21 earnings per share. On average, analysts forecast that Schlumberger Limited will post 1.85 EPS for the current fiscal year.

A number of research firms have commented on SLB. Stephens lifted their price objective on shares of Schlumberger from $40.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, January 24th. Zacks Investment Research downgraded shares of Schlumberger from a “buy” rating to a “hold” rating and set a $44.00 target price on the stock. in a report on Tuesday, March 15th. Morgan Stanley lifted their target price on shares of Schlumberger from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, April 11th. Citigroup lifted their target price on shares of Schlumberger from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, January 24th. Finally, Stifel Nicolaus lifted their target price on shares of Schlumberger from $44.00 to $50.00 in a report on Friday, April 8th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $44.45.

Schlumberger Company Profile (Get Rating)

Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. It offers software, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; petro technical data services and training solutions; reservoir interpretation and data processing services; asset performance solutions; open and cased-hole services; exploration and production pressure and flow-rate measurement services; pressure pumping, well stimulation, and coiled tubing equipment for downhole mechanical well intervention, reservoir monitoring, and downhole data acquisition; and integrated production systems.

Recommended Stories

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger Limited (NYSE:SLBGet Rating).

Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

Receive News & Ratings for Schlumberger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger and related companies with MarketBeat.com's FREE daily email newsletter.