Swiss National Bank Has $177.98 Million Stock Position in Schlumberger Limited (NYSE:SLB)

Swiss National Bank boosted its position in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,242,627 shares of the oil and gas company's stock after purchasing an additional 29,200 shares during the quarter. Swiss National Bank owned approximately 0.30% of Schlumberger worth $177,978,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC boosted its position in Schlumberger by 393.5% during the third quarter. ORG Partners LLC now owns 607 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 484 shares in the last quarter. Bruce G. Allen Investments LLC increased its stake in Schlumberger by 204.2% in the second quarter. Bruce G. Allen Investments LLC now owns 584 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 392 shares during the last quarter. Unique Wealth Strategies LLC acquired a new position in Schlumberger in the second quarter valued at $30,000. Riverview Trust Co increased its stake in Schlumberger by 90.6% during the second quarter. Riverview Trust Co now owns 648 shares of the oil and gas company's stock worth $31,000 after acquiring an additional 308 shares during the last quarter. Finally, First Community Trust NA increased its stake in Schlumberger by 264.0% during the second quarter. First Community Trust NA now owns 728 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 528 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of Schlumberger stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $41.90, for a total value of $2,514,000.00. Following the transaction, the executive vice president now directly owns 211,937 shares in the company, valued at $8,880,160.30. The trade was a 22.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Schlumberger Stock Performance

SLB traded up $0.31 during trading hours on Monday, hitting $43.49. The company's stock had a trading volume of 6,810,729 shares, compared to its average volume of 11,256,814. Schlumberger Limited has a fifty-two week low of $38.66 and a fifty-two week high of $55.69. The company has a current ratio of 1.48, a quick ratio of 1.12 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $61.41 billion, a PE ratio of 13.95, a PEG ratio of 1.52 and a beta of 1.52. The company has a 50-day simple moving average of $42.40 and a 200 day simple moving average of $44.67.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, October 18th. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. Schlumberger had a return on equity of 21.84% and a net margin of 12.44%. The firm had revenue of $9.16 billion during the quarter, compared to analyst estimates of $9.27 billion. During the same period last year, the company posted $0.78 EPS. The firm's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Schlumberger Limited will post 3.4 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, December 4th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, December 4th. Schlumberger's dividend payout ratio (DPR) is presently 35.37%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays decreased their target price on Schlumberger from $67.00 to $63.00 and set an "overweight" rating for the company in a research report on Wednesday, October 16th. Benchmark reaffirmed a "buy" rating and set a $68.00 target price on shares of Schlumberger in a report on Monday, July 22nd. Dbs Bank started coverage on Schlumberger in a report on Wednesday, September 18th. They set a "buy" rating and a $64.50 target price on the stock. Evercore ISI reduced their target price on Schlumberger from $74.00 to $62.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $60.00 target price (down previously from $62.00) on shares of Schlumberger in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $60.97.

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.