Latest Stocks: Culbertson A N & Co. Inc. Lowers Position in Schlumberger Limited. (SLB)

Latest Stocks: Culbertson A N & Co. Inc. Lowers Position in Schlumberger Limited. (SLB)

Culbertson A N & Co. Inc. reduced its stake in shares of Schlumberger Limited. (NYSE:SLB) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,770 shares of the oil and gas company’s stock after selling 841 shares during the period. Culbertson A N & Co. Inc.’s holdings in Schlumberger Limited. were worth $4,121,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SLB. SRS Capital Advisors Inc. acquired a new position in Schlumberger Limited. during the fourth quarter valued at about $101,000. American Research & Management Co. boosted its position in Schlumberger Limited. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares during the period. Rocky Mountain Advisers LLC boosted its position in Schlumberger Limited. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares during the period. Cable Hill Partners LLC boosted its position in Schlumberger Limited. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 311 shares during the period. Finally, Mascoma Wealth Management LLC acquired a new position in Schlumberger Limited. during the fourth quarter valued at about $124,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Schlumberger Limited. (NYSE SLB) opened at 69.27 on Tuesday. Schlumberger Limited. has a one year low of $68.03 and a one year high of $87.84. The company’s market capitalization is $96.25 billion. The stock’s 50 day moving average price is $72.25 and its 200-day moving average price is $79.57.

Schlumberger Limited. (NYSE:SLB) last announced its earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Schlumberger Limited. had a return on equity of 2.74% and a net margin of 4.10%. The firm had revenue of $6.89 billion for the quarter, compared to the consensus estimate of $6.98 billion. During the same period in the previous year, the business earned $0.40 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts forecast that Schlumberger Limited. will post $1.48 EPS for the current year.

Several research firms have recently issued reports on SLB. Evercore ISI set a $93.00 target price on Schlumberger Limited. and gave the company a “buy” rating in a research note on Saturday, April 22nd. Zacks Investment Research cut Schlumberger Limited. from a “hold” rating to a “sell” rating in a research note on Tuesday, March 28th. SunTrust Banks, Inc. raised Schlumberger Limited. from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, April 20th. HSBC Holdings plc began coverage on Schlumberger Limited. in a research note on Wednesday, April 19th. They set a “hold” rating and a $90.00 target price on the stock. Finally, BMO Capital Markets set a $96.00 target price on Schlumberger Limited. and gave the company a “buy” rating in a research note on Monday, March 27th. Five analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $92.91. In other Schlumberger Limited. news, Director Peter L. S. Currie bought 3,625 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $69.02 per share, for a total transaction of $250,197.50. Following the purchase, the director now directly owns 31,550 shares in the company, valued at $2,177,581. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.36% of the stock is owned by insiders.

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