LS Investment Advisors LLC trimmed its position in Schlumberger Limited. (NYSE:SLB) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 68,141 shares of the oil and gas company’s stock after selling 3,260 shares during the quarter. LS Investment Advisors LLC’s holdings in Schlumberger were worth $2,969,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Schlumberger in the fourth quarter valued at approximately $486,635,000. Two Sigma Advisers LP boosted its stake in shares of Schlumberger by 139,145.2% in the fourth quarter. Two Sigma Advisers LP now owns 7,140,492 shares of the oil and gas company’s stock worth $257,629,000 after acquiring an additional 7,135,364 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Schlumberger by 3,478.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,436,967 shares of the oil and gas company’s stock worth $151,000 after acquiring an additional 5,285,050 shares during the last quarter. FMR LLC lifted its position in Schlumberger by 53.5% during the fourth quarter. FMR LLC now owns 8,150,451 shares of the oil and gas company’s stock worth $294,067,000 after buying an additional 2,841,792 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Schlumberger by 3.0% during the fourth quarter. BlackRock Inc. now owns 89,747,843 shares of the oil and gas company’s stock worth $3,238,103,000 after buying an additional 2,571,883 shares in the last quarter. Institutional investors own 77.24% of the company’s stock.
SLB traded down $0.32 on Wednesday, hitting $36.18. 9,779,403 shares of the company were exchanged, compared to its average volume of 9,265,992. Schlumberger Limited. has a twelve month low of $34.99 and a twelve month high of $70.47. The stock has a market capitalization of $50.56 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 1.53 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.99.
Schlumberger (NYSE:SLB) last released its earnings results on Thursday, April 18th. The oil and gas company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Schlumberger had a return on equity of 5.87% and a net margin of 6.19%. The firm had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm posted $0.38 EPS. Schlumberger’s revenue for the quarter was up .6% on a year-over-year basis. On average, research analysts anticipate that Schlumberger Limited. will post 1.57 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Wednesday, June 5th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 4th. This represents a $2.00 annualized dividend and a dividend yield of 5.53%. Schlumberger’s dividend payout ratio is currently 123.46%.
A number of brokerages recently commented on SLB. Zacks Investment Research upgraded Schlumberger from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Raymond James reiterated a “hold” rating on shares of Schlumberger in a research report on Tuesday, April 2nd. BMO Capital Markets set a $44.00 price objective on Schlumberger and gave the stock a “hold” rating in a research report on Monday, April 22nd. Morgan Stanley set a $51.00 target price on Schlumberger and gave the company a “hold” rating in a research report on Monday, April 22nd. Finally, Stifel Nicolaus set a $50.00 target price on Schlumberger and gave the company a “hold” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $55.78.
In other news, insider Alexander C. Juden sold 8,643 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $43.29, for a total transaction of $374,155.47. Following the completion of the transaction, the insider now directly owns 70,260 shares of the company’s stock, valued at approximately $3,041,555.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Simon Ayat sold 25,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $46.10, for a total value of $1,152,500.00. Following the completion of the sale, the chief financial officer now directly owns 255,971 shares of the company’s stock, valued at $11,800,263.10. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
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Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. The company's Reservoir Characterization segment offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; petro technical data services and training solutions; and integrated management services.
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