Edmond DE Rothschild Holding S.A. Raises Position in Schlumberger Limited (NYSE:SLB)

Edmond DE Rothschild Holding S.A. lifted its stake in Schlumberger Limited (NYSE:SLB) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 3.1% of Edmond DE Rothschild Holding S.A.’s holdings, making the stock its 6th largest holding. Edmond DE Rothschild Holding S.A. owned 0.34% of Schlumberger worth $180,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC increased its position in shares of Schlumberger by 25.2% during the third quarter. Townsquare Capital LLC now owns 37,094 shares of the oil and gas company’s stock valued at $1,556,000 after buying an additional 7,464 shares during the period. Glenmede Trust Co. NA grew its stake in Schlumberger by 5.9% during the third quarter. Glenmede Trust Co. NA now owns 109,415 shares of the oil and gas company’s stock valued at $4,590,000 after acquiring an additional 6,060 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in Schlumberger by 92.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 414,618 shares of the oil and gas company’s stock worth $17,406,000 after acquiring an additional 199,047 shares during the period. Icon Wealth Advisors LLC purchased a new stake in Schlumberger in the 3rd quarter worth approximately $262,000. Finally, Captrust Financial Advisors boosted its holdings in Schlumberger by 20.3% in the 3rd quarter. Captrust Financial Advisors now owns 136,291 shares of the oil and gas company’s stock valued at $5,717,000 after purchasing an additional 23,005 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $41.44, for a total value of $2,486,400.00. Following the completion of the sale, the executive vice president now owns 210,502 shares of the company’s stock, valued at $8,723,202.88. This trade represents a 22.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gavin Rennick sold 26,990 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $40.92, for a total transaction of $1,104,430.80. Following the transaction, the insider now directly owns 53,584 shares in the company, valued at approximately $2,192,657.28. The trade was a 33.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 290,772 shares of company stock valued at $12,546,660 over the last ninety days. 0.26% of the stock is owned by insiders.

Schlumberger Price Performance

Shares of Schlumberger stock opened at $41.87 on Monday. The stock has a market capitalization of $56.93 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 10.10 and a beta of 1.47. Schlumberger Limited has a one year low of $36.52 and a one year 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. The business’s 50 day simple moving average is $41.29 and its two-hundred day simple moving average is $41.47.

Schlumberger (NYSE:SLB) last posted its quarterly 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. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.24 billion. Schlumberger had a net margin of 12.29% and a return on equity of 21.90%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. Analysts forecast that Schlumberger Limited will post 3.38 EPS for the current year.

Schlumberger Increases Dividend

The company 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 is a positive change from Schlumberger’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Wednesday, February 5th. Schlumberger’s dividend payout ratio is currently 36.66%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SLB shares. Atb Cap Markets cut shares of Schlumberger from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. TD Cowen raised their price target on Schlumberger from $53.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Barclays dropped their price target on Schlumberger from $61.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, December 18th. Stifel Nicolaus decreased their price objective on shares of Schlumberger from $60.00 to $59.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $57.00 target price on shares of Schlumberger in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Schlumberger currently has an average rating of “Moderate Buy” and a consensus price target of $55.69.

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.