Triangle Securities Wealth Management raised its position in shares of Schlumberger Limited. (NYSE:SLB) by 2.1% during the first quarter, Holdings Channel reports. The institutional investor owned 16,070 shares of the oil and gas company’s stock after buying an additional 338 shares during the period. Triangle Securities Wealth Management’s holdings in Schlumberger Limited. were worth $1,255,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new stake in Schlumberger Limited. during the fourth quarter worth $101,000. WealthTrust Arizona LLC boosted its stake in Schlumberger Limited. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the oil and gas company’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Rocky Mountain Advisers LLC boosted its stake in Schlumberger Limited. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,331 shares in the last quarter. Cable Hill Partners LLC boosted its stake in Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the oil and gas company’s stock worth $115,000 after buying an additional 311 shares in the last quarter. Finally, Jacobus Wealth Management Inc. acquired a new stake in Schlumberger Limited. during the third quarter worth $118,000. 78.66% of the stock is owned by hedge funds and other institutional investors.
Schlumberger Limited. (NYSE:SLB) opened at 76.51 on Friday. The firm’s 50-day moving average price is $78.61 and its 200 day moving average price is $81.52. The company’s market capitalization is $106.46 billion. Schlumberger Limited. has a 12-month low of $72.00 and a 12-month high of $87.84.
Schlumberger Limited. (NYSE:SLB) last announced its quarterly earnings results on Friday, January 20th. The oil and gas company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. Schlumberger Limited. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The business had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, analysts expect that Schlumberger Limited. will post $1.74 earnings per share for the current year.
A number of equities research analysts recently weighed in on SLB shares. Evercore ISI reaffirmed a “buy” rating and set a $99.00 price target on shares of Schlumberger Limited. in a report on Tuesday, January 31st. Jefferies Group LLC raised their price target on Schlumberger Limited. from $96.00 to $99.00 and gave the company a “buy” rating in a report on Friday, January 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 price target on shares of Schlumberger Limited. in a report on Thursday, January 12th. Deutsche Bank AG set a $101.00 price target on Schlumberger Limited. and gave the company a “buy” rating in a report on Monday, January 23rd. Finally, Scotiabank reaffirmed a “buy” rating and set a $95.00 price target on shares of Schlumberger Limited. in a report on Wednesday, March 22nd. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Schlumberger Limited. currently has a consensus rating of “Buy” and an average price target of $95.83.
In related news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $81.54, for a total value of $407,700.00. Following the transaction, the director now owns 7,750 shares of the company’s stock, valued at approximately $631,935. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.36% of the stock is currently owned by company insiders.
Schlumberger Limited. Company Profile
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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