Edmond DE Rothschild Holding S.A. Has $180.88 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Edmond DE Rothschild Holding S.A. grew its stake in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,717,898 shares of the oil and gas company's stock after purchasing an additional 97,532 shares during the period. Schlumberger makes up about 3.1% of Edmond DE Rothschild Holding S.A.'s holdings, 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 filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Schlumberger in the 4th quarter worth approximately $735,398,000. Pacer Advisors Inc. grew its position in shares of 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 purchasing an additional 12,938,082 shares during the period. Clearbridge Investments LLC increased its stake in Schlumberger by 43,028.0% in 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 purchasing an additional 2,646,653 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 worth $88,654,000 after buying an additional 1,533,366 shares during the last quarter. Finally, Boston Partners increased its stake in shares of Schlumberger by 9.9% during the 4th quarter. Boston Partners now owns 15,529,159 shares of the oil and gas company's stock valued at $597,356,000 after acquiring an additional 1,405,186 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Schlumberger Stock Down 10.6 %

SLB traded down $4.14 on Friday, reaching $35.07. 24,831,674 shares of the company traded hands, compared to its average volume of 12,385,194. The stock's 50 day moving average price is $41.18 and its 200-day moving average price is $41.49. The company has a market cap of $47.69 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 10.10 and a beta of 1.11. Schlumberger Limited has a 52-week low of $34.86 and a 52-week high of $55.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.45 and a quick ratio of 1.11.

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

Schlumberger Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, February 5th were given a dividend of $0.285 per share. The ex-dividend date was Wednesday, February 5th. This represents a $1.14 dividend on an annualized basis and a yield of 3.25%. This is a boost from Schlumberger's previous quarterly dividend of $0.28. Schlumberger's dividend payout ratio is presently 36.66%.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of research analyst reports. TD Cowen lifted their price target on shares of Schlumberger from $53.00 to $55.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Jefferies Financial Group dropped their target price on Schlumberger from $60.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, March 27th. Barclays dropped their price objective on shares of Schlumberger from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Monday. Wells Fargo & Company cut their price objective on shares of Schlumberger from $49.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Schlumberger from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $55.69.

Insider Transactions at Schlumberger

In related news, insider Bejar Carmen Rando sold 5,524 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $40.41, for a total transaction of $223,224.84. Following the completion of the sale, the insider now owns 30,829 shares in the company, valued at $1,245,799.89. This trade represents a 15.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mogharbel Khaled Al sold 123,097 shares of the company's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $44.09, for a total transaction of $5,427,346.73. Following the sale, the executive vice president now directly owns 184,626 shares in the company, valued at $8,140,160.34. This represents a 40.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,905 shares of company stock worth $13,609,283. 0.26% of the stock is owned by insiders.

Schlumberger 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.