Schlumberger Limited (NYSE:SLB) Shares Purchased by Godsey & Gibb Inc.

Godsey & Gibb Inc. boosted its stake in shares of Schlumberger Limited (NYSE:SLB) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 439,335 shares of the oil and gas company’s stock after purchasing an additional 10,698 shares during the period. Godsey & Gibb Inc.’s holdings in Schlumberger were worth $16,844,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Oppenheimer Asset Management Inc. raised its position in Schlumberger by 50.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,133 shares of the oil and gas company’s stock valued at $289,000 after purchasing an additional 2,063 shares during the period. Envestnet Asset Management Inc. raised its position in Schlumberger by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 927,875 shares of the oil and gas company’s stock valued at $43,777,000 after purchasing an additional 87,236 shares in the last quarter. Brown Brothers Harriman & Co. lifted its stake in Schlumberger by 40.4% in the second quarter. Brown Brothers Harriman & Co. now owns 17,990 shares of the oil and gas company’s stock worth $849,000 after acquiring an additional 5,179 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Schlumberger by 21.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 11,847 shares of the oil and gas company’s stock worth $559,000 after purchasing an additional 2,061 shares in the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of Schlumberger by 9.6% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 23,011 shares of the oil and gas company’s stock valued at $1,086,000 after acquiring an additional 2,015 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of a number of research analyst reports. UBS Group decreased their target price on Schlumberger from $63.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Jefferies Financial Group reduced their price objective on shares of Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Griffin Securities cut shares of Schlumberger from a “buy” rating to a “neutral” rating in a research note on Friday, December 20th. TD Cowen reduced their price objective on Schlumberger from $65.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 price target (down previously from $62.00) on shares of Schlumberger in a report on Wednesday. Six analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.58.

Insider Buying and Selling at Schlumberger

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of Schlumberger 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 transaction, the executive vice president now owns 211,937 shares in the company, valued at $8,880,160.30. The trade was a 22.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $40.68 on Thursday. The company has a market capitalization of $57.45 billion, a PE ratio of 13.08, a PEG ratio of 1.35 and a beta of 1.52. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $40.95 and its 200 day simple moving average is $42.95. Schlumberger Limited has a 12 month low of $36.52 and a 12 month high of $55.69.

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

Schlumberger 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.