BluePath Capital Management LLC Increases Stock Holdings in Schlumberger Limited (NYSE:SLB)

BluePath Capital Management LLC increased its holdings in Schlumberger Limited (NYSE:SLB) by 37.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,197 shares of the oil and gas company’s stock after buying an additional 6,341 shares during the period. BluePath Capital Management LLC’s holdings in Schlumberger were worth $924,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in shares of Schlumberger by 393.5% in the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 484 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Schlumberger during the 3rd quarter worth approximately $29,000. Ashton Thomas Securities LLC purchased a new stake in Schlumberger in the 3rd quarter valued at approximately $37,000. DiNuzzo Private Wealth Inc. grew its holdings in Schlumberger by 1,068.3% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 958 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 876 shares during the last quarter. Finally, J. Stern & Co. LLP purchased a new position in Schlumberger during the third quarter worth $47,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLB has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on Schlumberger from $55.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, January 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Schlumberger in a research note on Thursday, October 3rd. BMO Capital Markets cut their price objective on shares of Schlumberger from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Thursday, October 10th. Evercore ISI restated an “in-line” rating and set a $44.00 target price (down previously from $62.00) on shares of Schlumberger in a research report on Wednesday. Finally, Griffin Securities downgraded Schlumberger from a “buy” rating to a “neutral” rating in a report on Friday, December 20th. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.58.

Schlumberger Stock Up 2.0 %

SLB opened at $40.68 on Thursday. Schlumberger Limited has a 1 year low of $36.52 and a 1 year high of $55.69. The firm has a 50 day moving average price of $40.95 and a 200 day moving average price of $42.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.48. The company has a market cap of $57.45 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.35 and a beta of 1.52.

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

Insider Buying and Selling at Schlumberger

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the completion of the sale, the executive vice president now owns 211,937 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.26% of the stock is currently owned by corporate insiders.

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.