Regal Investment Advisors LLC Boosts Stock Position in Schlumberger Limited (NYSE:SLB)

Regal Investment Advisors LLC lifted its stake in Schlumberger Limited (NYSE:SLB - Free Report) by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,287 shares of the oil and gas company's stock after acquiring an additional 39,364 shares during the quarter. Regal Investment Advisors LLC's holdings in Schlumberger were worth $3,807,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in SLB. Norges Bank bought a new position in Schlumberger during the fourth quarter valued at about $735,398,000. Pacer Advisors Inc. grew its position in Schlumberger by 12,289.6% in the fourth quarter. Pacer Advisors Inc. now owns 13,043,359 shares of the oil and gas company's stock valued at $500,082,000 after acquiring an additional 12,938,082 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Schlumberger by 43,028.0% during the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after acquiring an additional 2,646,653 shares during the period. Franklin Resources Inc. grew its holdings in shares of Schlumberger by 12.4% in the 4th quarter. Franklin Resources Inc. now owns 15,396,967 shares of the oil and gas company's stock worth $590,320,000 after purchasing an additional 1,700,203 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Schlumberger by 196.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,312,304 shares of the oil and gas company's stock valued at $88,654,000 after purchasing an additional 1,533,366 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Trading Up 2.8 %

Shares of NYSE:SLB traded up $0.94 during midday trading on Friday, hitting $35.09. 15,915,644 shares of the stock traded hands, compared to its average volume of 13,061,114. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94. The stock has a market capitalization of $47.72 billion, a PE ratio of 11.28, a P/E/G ratio of 10.10 and a beta of 1.11. The business's 50 day moving average is $39.35 and its two-hundred day moving average is $40.75. The company has a quick ratio of 1.11, a current ratio of 1.45 and a debt-to-equity ratio of 0.49.

Schlumberger (NYSE:SLB - Get Free Report) last posted its quarterly earnings data on Friday, January 17th. The oil and gas company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.24 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Schlumberger's quarterly revenue was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $57.00 price objective on shares of Schlumberger in a research note on Tuesday, January 21st. Barclays cut their price objective on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday, March 31st. Evercore ISI restated an "in-line" rating and issued a $44.00 price objective (down previously from $62.00) on shares of Schlumberger in a report on Wednesday, January 15th. Wells Fargo & Company raised Schlumberger from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $46.00 to $44.00 in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group lowered their price target on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $54.15.

Insider Activity at Schlumberger

In other Schlumberger news, Director Vijay Kasibhatla sold 25,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $43.94, for a total value of $1,098,500.00. Following the sale, the director now owns 49,595 shares in the company, valued at $2,179,204.30. The trade was a 33.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ugo Prechner sold 7,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $44.20, for a total transaction of $309,400.00. Following the transaction, the vice president now owns 11,240 shares of the company's stock, valued at $496,808. This trade represents a 38.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 315,905 shares of company stock valued at $13,609,283. 0.26% of the stock is owned by corporate insiders.

Schlumberger Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.