36,287 Shares in Schlumberger Limited (NYSE:SLB) Bought by Quantessence Capital LLC

Quantessence Capital LLC bought a new stake in shares of Schlumberger Limited (NYSE:SLB) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 36,287 shares of the oil and gas company’s stock, valued at approximately $1,391,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bard Financial Services Inc. bought a new position in shares of Schlumberger during the third quarter valued at approximately $229,000. SkyView Investment Advisors LLC increased its position in Schlumberger by 5.8% in the third quarter. SkyView Investment Advisors LLC now owns 16,965 shares of the oil and gas company’s stock worth $712,000 after buying an additional 936 shares during the period. Sfmg LLC boosted its holdings in shares of Schlumberger by 4.1% during the third quarter. Sfmg LLC now owns 88,398 shares of the oil and gas company’s stock valued at $3,708,000 after acquiring an additional 3,478 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Schlumberger by 27.0% during 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 acquiring an additional 16,350 shares during the last quarter. Finally, PVG Asset Management Corp acquired a new stake in shares of Schlumberger in the 3rd quarter worth about $386,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLB has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of Schlumberger from $53.00 to $48.00 in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on Schlumberger from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Jefferies Financial Group decreased their target price on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 price target (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Finally, Susquehanna lowered their price objective on shares of Schlumberger from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Schlumberger has an average rating of “Moderate Buy” and a consensus target price of $54.15.

Schlumberger Trading Down 1.4 %

SLB opened at $34.62 on Tuesday. The firm’s fifty day simple moving average is $39.21 and its 200 day simple moving average is $40.65. Schlumberger Limited has a 12 month low of $31.11 and a 12 month high of $50.94. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $47.08 billion, a P/E ratio of 11.13, a P/E/G ratio of 10.10 and a beta of 1.11.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. The trade was a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The shares were sold at an average price of $42.28, for a total value of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares of the company’s stock, valued at $1,311,990.68. This represents a 44.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,647 shares of company stock worth $4,876,679. Company insiders own 0.26% of the company’s stock.

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.