Daiwa Securities Group Inc. Has $12.40 Million Stock Holdings in Schlumberger Limited (NYSE:SLB)

Daiwa Securities Group Inc. trimmed its position in Schlumberger Limited (NYSE:SLB) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,314 shares of the oil and gas company’s stock after selling 1,422 shares during the period. Daiwa Securities Group Inc.’s holdings in Schlumberger were worth $12,402,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Highland Capital Management LLC raised its position in shares of Schlumberger by 2,494.0% in the 4th quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock valued at $5,278,000 after acquiring an additional 97,516 shares during the period. Guinness Asset Management LTD raised its holdings in Schlumberger by 0.3% during the 3rd quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock worth $19,468,000 after buying an additional 965 shares during the period. Nordea Investment Management AB raised its holdings in Schlumberger by 36.4% during the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock worth $74,080,000 after buying an additional 380,185 shares during the period. Allworth Financial LP raised its holdings in Schlumberger by 3.8% during the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock worth $324,000 after buying an additional 206 shares during the period. Finally, Asset Management One Co. Ltd. raised its holdings in Schlumberger by 6.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock worth $31,726,000 after buying an additional 35,763 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the transaction, the vice president now directly owns 31,198 shares of the company’s stock, valued at $1,623,855.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Schlumberger news, VP Kevin Fyfe sold 20,223 shares of Schlumberger stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $52.05, for a total transaction of $1,052,607.15. Following the completion of the transaction, the vice president now directly owns 31,198 shares of the company’s stock, valued at $1,623,855.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of Schlumberger stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.78, for a total transaction of $329,875.00. Following the transaction, the chief financial officer now directly owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders sold a total of 172,191 shares of company stock valued at $8,636,322 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Schlumberger Price Performance

NYSE:SLB opened at $51.19 on Thursday. Schlumberger Limited has a 1-year low of $42.73 and a 1-year high of $62.12. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a fifty day simple moving average of $51.50 and a 200 day simple moving average of $52.50. The stock has a market capitalization of $73.07 billion, a PE ratio of 17.40, a P/E/G ratio of 0.98 and a beta of 1.60.

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

Analyst Upgrades and Downgrades

Several analysts have commented on SLB shares. Bank of America raised their target price on shares of Schlumberger from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Monday. Stifel Nicolaus raised their target price on shares of Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada raised their target price on shares of Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. Barclays decreased their price target on shares of Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.