LFA Lugano Financial Advisors SA reduces its equity position in Schlumberger Limited (NYSE:SLB)

Financial Advisors


LFA Lugano Financial Advisors SA reduced its holding in Schlumberger Limited (NYSE: SLB – Get Rating) by 43.8% in the fourth quarter, according to its latest filings with the Securities and Exchange Commission. The company owned 12,323 shares of oil and gas company shares after selling 9,619 shares during the period. Schlumberger’s stake in LFA Lugano Financial Advisors SA was valued at $659,000 as of his latest SEC filing.

Many other hedge funds have also changed positions in SLB. Vanguard Group Inc. raised his Schlumberger stake by 1.1% in the third quarter. Vanguard Group Inc. owns his 123,210,874 shares of oil and gas company stock valued at $4,423,270,000 after purchasing an additional 1,393,060 shares in the previous quarter. State Street Corp expanded his Schlumberger stock position by 1.7% in the third quarter. State Street Corp now owns his 91,245,791 shares of oil and gas company stock worth $3,291,135,000 after purchasing an additional 1,537,620 of his shares last quarter. Boston Partners increased his Schlumberger stock position by 0.6% in the third quarter. Boston Partners now owns 23,838,602 shares of oil and gas companies valued at $863,324,000 after purchasing an additional 135,486 shares during the previous quarter. Fisher Asset Management LLC increased its position in Schlumberger shares by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 19,293,963 shares of oil and gas company stock valued at $1,031,455,000 after purchasing an additional 326,849 shares during the previous quarter. Finally, Bank of New York Mellon Corp expanded its Schlumberger stock position by 13.2% during the third quarter. Bank of New York Mellon Corp now owns 17,703,200 shares in oil and gas companies valued at $635,545,000 after purchasing an additional 2,058,147 shares during the previous quarter. Hedge funds and other institutional investors own 80.22% of the company’s shares.

Wall Street analyst opinion

SLB has been the subject of many recent research reports. Benchmark began coverage of his Schlumberger stock in a research report on Thursday, Jan. 19. They set a “buy” rating for the company and a price target of $65.00. HSBC raised its price target for Schlumberger from $56.80 to $75.00, giving the company a “buy” rating in its research report on Monday, January 30. Griffin Securities reaffirmed its Buy rating on Schlumberger shares in a research report on Monday, January 16. Raymond his James raised his price target on Schlumberger shares from his $64.00 to his $65.00 in a research report on Monday, April 24. Finally, UBS Group upgraded Schlumberger’s stock from a ‘neutral’ rating to a ‘buy’ rating and raised its price target from $48.00 to $66.00 in its research report on Tuesday, April 18. Two analysts assigned a hold rating to the stock and 16 assigned a buy rating to the company’s stock. Based on MarketBeat.com data, the stock currently has an average rating of ‘moderate buy’ with a consensus price target of $64.53.

Insider activity at Schlumberger

In related news, director Vijay Kasivatra sold 16,000 shares in the company in a transaction on Friday, March 3rd. The shares sold for a total of $895,840.00 at an average price of $55.99. After the transaction, the directors now directly own 49,378 shares of the company, valued at approximately $2,764,674.22. The transaction was disclosed in documents filed with the Securities and Exchange Commission and can be accessed at this link. In related news, director Vijay Kasivatra sold 16,000 shares in the company in a transaction on Friday, March 3rd. The shares sold for a total of $895,840.00 at an average price of $55.99. After the transaction, the directors now directly own 49,378 shares of the company, valued at approximately $2,764,674.22. The transaction was disclosed in documents filed with the Securities and Exchange Commission and can be accessed at this link. And his CFO, Stephane Biguet, sold 6,250 shares of the company on Monday, April 24th. The shares sold for an average of $49.56, and the total transaction value he had was $309,750.00. Following the closing of the transaction, the Chief Financial Officer now owns his 213,515 shares of the company, valued at his $10,581,803.40. Please see here for the disclosure of this sale. In the past three months, the insider has sold 48,500 shares of his company worth $2,567,403. His 0.23% of shares are owned by insiders.

Schlumberger stock gains 1.4%

SLB shares climbed $0.61 in midday trading on Friday to reach $45.68. The company’s trading volume was his 5,318,912 shares, with an average trading volume of his 9,513,090 shares. His one-year low for Schlumberger Limited is $30.65 and his one-year high is $62.78. The company has a current ratio of 1.26, a quick ratio of 0.91 and a debt to equity ratio of 0.58. The company has a market capitalization of $64.87 billion, a P/E ratio of 16.75, a PEG ratio of 0.52 and a beta of 1.76. The company has a 50-day moving average of $50.00 and a 200-day moving average of $51.95.

Schlumberger (NYSE:SLB – Get Rating) announced final results on Friday, April 21. The oil and gas company reported earnings per share (EPS) of $0.63 for the quarter, beating analyst consensus expectations of $0.61 by $0.02. Schlumberger posted a net profit margin of 12.94% and a return on equity of 20.16%. The company made $7.74 billion in revenue during the quarter, compared to a consensus estimate of $7.46 billion. During the same quarter last year, the company earned his EPS of $0.34. The company’s revenue increased by 29.8% compared to the same quarter last year. On average, equity research analysts expect Schlumberger Limited to post earnings of 3.01 per share in the current financial year.

Schlumberger Announces Dividend

The company recently announced a quarterly dividend payable on Thursday, July 13th. Investors of record on Wednesday, June 7 will be paid a dividend of $0.25. The ex-dividend date for this dividend is Tuesday, June 6. This represents his $1.00 dividend and his 2.19% yield on an annual basis. Schlumberger’s dividend payout ratio is currently 37.17%.

Schlumberger company profile

(get rating)

Schlumberger NV provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the Digital and Integration, Reservoir Performance, Well Construction and Production Systems business segments. The Digital and Integrated segment combines the Company’s digital solutions and data products with Asset Performance Solutions (APS).

Related item

Want to know other hedge funds holding SLB? Visit HoldingsChannel.com to get the latest Schlumberger Limited (NYSE:SLB – Get Rating) 13F filings and insider trading.

Schlumberger (NYSE:SLB) Quarterly Institutional Ownership

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