Schlumberger (SLB) Shares Sold by Mariner Wealth Advisors LLC

Mariner Wealth Advisors LLC lowered its stake in shares of Schlumberger (NYSE:SLB) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,856 shares of the oil and gas company’s stock after selling 2,692 shares during the period. Mariner Wealth Advisors LLC’s holdings in Schlumberger were worth $2,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SLB. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Schlumberger by 136.0% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 14,655 shares of the oil and gas company’s stock valued at $988,000 after purchasing an additional 8,444 shares in the last quarter. Virtus Fund Advisers LLC lifted its holdings in shares of Schlumberger by 5.4% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,163,796 shares of the oil and gas company’s stock valued at $78,905,000 after purchasing an additional 60,024 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of Schlumberger by 605.2% in the fourth quarter. Virtu Financial LLC now owns 20,915 shares of the oil and gas company’s stock valued at $1,410,000 after purchasing an additional 17,949 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Schlumberger by 7,612.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 53,909 shares of the oil and gas company’s stock valued at $3,633,000 after purchasing an additional 53,210 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of Schlumberger by 52.4% in the fourth quarter. Schroder Investment Management Group now owns 3,150,175 shares of the oil and gas company’s stock valued at $212,289,000 after purchasing an additional 1,083,472 shares in the last quarter. 80.02% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $78.26, for a total transaction of $1,956,500.00. Following the completion of the transaction, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mogharbel Khaled Al purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The shares were bought at an average cost of $64.30 per share, with a total value of $192,900.00. Following the transaction, the insider now directly owns 30,482 shares of the company’s stock, valued at approximately $1,959,992.60. The disclosure for this purchase can be found here. Insiders have purchased 18,000 shares of company stock valued at $1,163,650 in the last ninety days. 0.48% of the stock is currently owned by company insiders.

Shares of SLB stock opened at $69.23 on Friday. Schlumberger has a one year low of $61.02 and a one year high of $80.35. The company has a quick ratio of 0.95, a current ratio of 1.21 and a debt-to-equity ratio of 0.40. The company has a market cap of $97,345.85, a P/E ratio of 46.15, a P/E/G ratio of 5.53 and a beta of 1.05.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, April 20th. The oil and gas company reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the prior year, the business posted $0.25 earnings per share. Schlumberger’s revenue for the quarter was up 13.6% compared to the same quarter last year. research analysts anticipate that Schlumberger will post 2.12 EPS for the current year.

SLB has been the topic of several recent research reports. ValuEngine downgraded shares of Schlumberger from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. B. Riley set a $80.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Wednesday, January 3rd. Jefferies Group set a $78.00 price target on shares of Schlumberger and gave the company a “buy” rating in a report on Thursday, January 4th. Cowen set a $85.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Morgan Stanley set a $81.00 price objective on shares of Schlumberger and gave the company a “buy” rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twenty-six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $80.68.

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About Schlumberger

Schlumberger Limited supplies technology products and services to the oil and gas exploration and production industry worldwide. The company's Reservoir Characterization Group segment provides reservoir interpretation and data processing services; open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services at the surface and downhole; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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