Sicart Associates LLC Sells 5,009 Shares of Schlumberger Limited (NYSE:SLB)

Sicart Associates LLC trimmed its stake in Schlumberger Limited (NYSE:SLB) by 2.5% in the 4th quarter, HoldingsChannel reports. The fund owned 196,003 shares of the oil and gas company’s stock after selling 5,009 shares during the quarter. Schlumberger comprises 2.7% of Sicart Associates LLC’s investment portfolio, making the stock its 14th largest position. Sicart Associates LLC’s holdings in Schlumberger were worth $7,570,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

SLB has been the subject of several recent analyst reports. Jefferies Financial Group cut their target price on Schlumberger from $64.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Evercore ISI reiterated an “in-line” rating and issued a $44.00 target price (down from $62.00) on shares of Schlumberger in a report on Wednesday. TD Cowen decreased their price target on Schlumberger from $65.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Atb Cap Markets downgraded Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their target price on Schlumberger from $55.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Schlumberger has an average rating of “Moderate Buy” and an average target price of $56.03.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $41.90, for a total transaction of $2,514,000.00. Following the transaction, the executive vice president now owns 211,937 shares in the company, valued at approximately $8,880,160.30. The trade was a 22.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Schlumberger Trading Up 1.3 %

Schlumberger stock opened at $41.16 on Friday. The company has a 50 day moving average price of $40.89 and a 200 day moving average price of $42.93. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.69. 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 firm has a market capitalization of $58.13 billion, a price-to-earnings ratio of 13.24, a P/E/G 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, beating the consensus estimate of $0.88 by $0.01. Schlumberger had a net margin of 12.44% and a return on equity of 21.84%. The business had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same quarter in the previous year, the business earned $0.78 EPS. Schlumberger’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts forecast that Schlumberger Limited will post 3.39 EPS for the current year.

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.