Schlumberger Limited (NYSE:SLB) is Edmond DE Rothschild Holding S.A.'s 6th Largest Position

Edmond DE Rothschild Holding S.A. raised its holdings in Schlumberger Limited (NYSE:SLB - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,717,898 shares of the oil and gas company's stock after acquiring an additional 97,532 shares during the period. Schlumberger makes up 3.1% of Edmond DE Rothschild Holding S.A.'s investment portfolio, making the stock its 6th largest position. Edmond DE Rothschild Holding S.A. owned about 0.34% of Schlumberger worth $180,884,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SLB. Teachers Retirement System of The State of Kentucky increased its stake in Schlumberger by 25.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 761,875 shares of the oil and gas company's stock valued at $31,961,000 after acquiring an additional 156,698 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Schlumberger by 27.0% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 76,838 shares of the oil and gas company's stock valued at $3,223,000 after purchasing an additional 16,350 shares during the last quarter. Bryn Mawr Capital Management LLC raised its holdings in shares of Schlumberger by 502.6% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 198,024 shares of the oil and gas company's stock valued at $7,592,000 after buying an additional 165,162 shares in the last quarter. Narwhal Capital Management lifted its position in Schlumberger by 225.5% in the 4th quarter. Narwhal Capital Management now owns 74,645 shares of the oil and gas company's stock worth $2,862,000 after buying an additional 51,715 shares during the last quarter. Finally, Czech National Bank boosted its stake in Schlumberger by 5.8% in the fourth quarter. Czech National Bank now owns 306,183 shares of the oil and gas company's stock worth $11,739,000 after buying an additional 16,914 shares in the last quarter. Institutional investors own 81.99% of the company's stock.

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Insider Transactions at Schlumberger

In other Schlumberger news, insider Aparna Raman sold 25,133 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the sale, the insider now directly owns 31,031 shares in the company, valued at approximately $1,311,990.68. This trade represents a 44.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total transaction of $2,486,400.00. Following the completion of the transaction, the executive vice president now owns 210,502 shares in the company, valued at approximately $8,723,202.88. This represents a 22.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 315,905 shares of company stock valued at $13,609,283 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SLB. Citigroup lifted their price target on shares of Schlumberger from $50.00 to $54.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Jefferies Financial Group lowered their price target on shares of Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, March 27th. Evercore ISI reaffirmed an "in-line" rating and set a $44.00 price objective (down from $62.00) on shares of Schlumberger in a research note on Wednesday, January 15th. Stifel Nicolaus lowered their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Monday, December 23rd. Finally, Barclays reduced their price target on Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research report on Monday. Six analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Schlumberger has an average rating of "Moderate Buy" and an average target price of $55.69.

Schlumberger Stock Up 0.1 %

Shares of NYSE SLB traded up $0.03 during mid-day trading on Wednesday, hitting $42.23. 16,496,123 shares of the stock traded hands, compared to its average volume of 12,245,161. The stock has a fifty day moving average price of $41.22 and a 200-day moving average price of $41.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.45. The company has a market cap of $57.43 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a 52 week low of $36.52 and a 52 week high of $55.65.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, January 17th. The oil and gas company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.24 billion. During the same period in the prior year, the firm earned $0.86 EPS. The company's revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, February 5th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.70%. This is a positive change from Schlumberger's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, February 5th. Schlumberger's dividend payout ratio (DPR) is presently 36.66%.

About Schlumberger

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.