LS Investment Advisors LLC Decreases Holdings in Schlumberger Limited. (SLB)

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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About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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