Schlumberger Limited (NYSE:SLB) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Schlumberger Limited (NYSE:SLB) by 50.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 785,064 shares of the oil and gas company’s stock after acquiring an additional 262,116 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.05% of Schlumberger worth $40,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Highland Capital Management LLC grew its stake in Schlumberger by 2,494.0% during the 4th quarter. Highland Capital Management LLC now owns 101,426 shares of the oil and gas company’s stock valued at $5,278,000 after acquiring an additional 97,516 shares in the last quarter. Guinness Asset Management LTD grew its stake in Schlumberger by 0.3% during the 3rd quarter. Guinness Asset Management LTD now owns 331,309 shares of the oil and gas company’s stock valued at $19,468,000 after acquiring an additional 965 shares in the last quarter. Nordea Investment Management AB grew its stake in Schlumberger by 36.4% during the 4th quarter. Nordea Investment Management AB now owns 1,424,625 shares of the oil and gas company’s stock valued at $74,080,000 after acquiring an additional 380,185 shares in the last quarter. Allworth Financial LP grew its stake in shares of Schlumberger by 3.8% in the 3rd quarter. Allworth Financial LP now owns 5,557 shares of the oil and gas company’s stock valued at $324,000 after buying an additional 206 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Schlumberger by 6.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 607,312 shares of the oil and gas company’s stock valued at $31,726,000 after buying an additional 35,763 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Schlumberger in a research note on Monday, April 1st. Susquehanna reissued a “positive” rating and issued a $77.00 price target on shares of Schlumberger in a research note on Monday, April 8th. Stifel Nicolaus boosted their price target on Schlumberger from $63.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Bank of America boosted their price target on Schlumberger from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Monday. Finally, Barclays lowered their price target on Schlumberger from $74.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and a consensus target price of $70.31.

Insider Activity at Schlumberger

In related news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Abdellah Merad sold 50,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $48.52, for a total value of $2,426,000.00. Following the completion of the transaction, the executive vice president now directly owns 261,507 shares in the company, valued at $12,688,319.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $48.64, for a total value of $304,000.00. Following the completion of the transaction, the chief financial officer now owns 242,932 shares of the company’s stock, valued at $11,816,212.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 172,191 shares of company stock worth $8,636,322. 0.26% of the stock is owned by corporate insiders.

Schlumberger Stock Down 0.5 %

Shares of SLB stock opened at $51.41 on Wednesday. Schlumberger Limited has a 12 month low of $42.73 and a 12 month high of $62.12. The firm has a market cap of $73.38 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. The stock has a 50 day moving average of $51.43 and a 200-day moving average of $52.51. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 0.51.

Schlumberger (NYSE:SLB) last issued its quarterly earnings results on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. Schlumberger had a return on equity of 21.97% and a net margin of 12.68%. The company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $8.96 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, equities analysts predict that Schlumberger Limited will post 3.52 EPS for the current year.

Schlumberger Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, February 7th were paid a $0.25 dividend. The ex-dividend date was Tuesday, February 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. Schlumberger’s payout ratio is 34.25%.

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.