Bison Wealth LLC Has $226,000 Holdings in Schlumberger Limited (NYSE:SLB)

Bison Wealth LLC grew its stake in shares of Schlumberger Limited (NYSE:SLB) by 26.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,336 shares of the oil and gas company’s stock after buying an additional 897 shares during the period. Bison Wealth LLC’s holdings in Schlumberger were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SLB. BluePath Capital Management LLC acquired a new stake in shares of Schlumberger during the third quarter worth about $25,000. MCF Advisors LLC boosted its holdings in shares of Schlumberger by 1,355.9% in the third quarter. MCF Advisors LLC now owns 495 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 461 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Schlumberger during the fourth quarter worth $26,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Schlumberger during the second quarter worth $27,000. Finally, Global Trust Asset Management LLC boosted its stake in Schlumberger by 51.5% in the 3rd quarter. Global Trust Asset Management LLC now owns 588 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 200 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Stephane Biguet sold 6,250 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the completion of the transaction, the chief financial officer now owns 249,182 shares of the company’s stock, valued at approximately $13,151,825.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Schlumberger news, EVP Abdellah Merad sold 50,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares in the company, valued at $13,151,825.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,191 shares of company stock worth $8,636,322. Corporate insiders own 0.26% of the company’s stock.

Schlumberger Stock Performance

Shares of Schlumberger stock opened at $50.81 on Thursday. The company has a 50 day moving average of $51.50 and a 200-day moving average of $52.50. The company has a market cap of $72.53 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 0.98 and a beta of 1.60. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12.

Schlumberger (NYSE:SLB) last announced its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The business had revenue of $8.99 billion during the quarter, compared to the consensus estimate of $8.96 billion. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. Schlumberger’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. As a group, equities research analysts forecast that Schlumberger Limited will post 3.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Schlumberger in a report on Monday, April 1st. Barclays reduced their target price on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Bank of America boosted their price objective on Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada lifted their price target on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Schlumberger in a report on Wednesday, April 3rd. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.31.

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.