Ossiam Has $38,000 Stake in Schlumberger Limited (NYSE:SLB)

Ossiam lessened its position in Schlumberger Limited (NYSE:SLB) by 87.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 999 shares of the oil and gas company’s stock after selling 6,850 shares during the period. Ossiam’s holdings in Schlumberger were worth $38,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in Schlumberger in the 4th quarter valued at approximately $31,000. Stonebridge Financial Group LLC bought a new position in shares of Schlumberger during the fourth quarter valued at $32,000. Golden State Wealth Management LLC acquired a new position in shares of Schlumberger during the fourth quarter worth $34,000. Hager Investment Management Services LLC bought a new stake in shares of Schlumberger in the fourth quarter worth $38,000. Finally, Bogart Wealth LLC increased its holdings in Schlumberger by 468.9% in the fourth quarter. Bogart Wealth LLC now owns 1,024 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 844 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Schlumberger news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the transaction, the executive vice president now directly owns 210,502 shares in the company, valued at approximately $8,723,202.88. This trade represents a 22.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction on Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the transaction, the insider now directly owns 31,031 shares in the company, 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. Insiders have sold 117,647 shares of company stock worth $4,876,679 in the last quarter. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets reduced their price target on Schlumberger from $53.00 to $48.00 in a research report on Thursday, January 16th. Evercore ISI reissued 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, January 15th. Citigroup boosted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Barclays lowered their target price on shares of Schlumberger from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Finally, Stifel Nicolaus cut their target price on Schlumberger from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $54.15.

Schlumberger Stock Performance

SLB opened at $34.03 on Thursday. The company has a market cap of $46.28 billion, a price-to-earnings ratio of 10.94, a PEG ratio of 10.10 and a beta of 1.11. The company’s fifty day moving average price is $38.91 and its two-hundred day moving average price is $40.56. Schlumberger Limited has a 1-year low of $31.11 and a 1-year 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.

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.