Zurcher Kantonalbank Zurich Cantonalbank Purchases 56,802 Shares of Schlumberger Limited. (SLB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Schlumberger Limited. (NYSE:SLB) by 9.5% during the fourth quarter, HoldingsChannel reports. The firm owned 655,196 shares of the oil and gas company’s stock after purchasing an additional 56,802 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Schlumberger were worth $44,154,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harding Loevner LP increased its stake in shares of Schlumberger by 1,337.3% in the third quarter. Harding Loevner LP now owns 138,957,632 shares of the oil and gas company’s stock worth $569,035,000 after buying an additional 129,289,552 shares during the last quarter. Dodge & Cox increased its stake in shares of Schlumberger by 12.8% in the second quarter. Dodge & Cox now owns 48,271,463 shares of the oil and gas company’s stock worth $3,178,193,000 after buying an additional 5,494,165 shares during the last quarter. Capital International Investors increased its stake in shares of Schlumberger by 74.8% in the third quarter. Capital International Investors now owns 10,031,514 shares of the oil and gas company’s stock worth $699,798,000 after buying an additional 4,294,058 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Schlumberger by 2.9% in the second quarter. Vanguard Group Inc. now owns 99,022,940 shares of the oil and gas company’s stock worth $6,519,670,000 after buying an additional 2,790,227 shares during the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Schlumberger by 13.8% in the second quarter. Capital Research Global Investors now owns 16,460,016 shares of the oil and gas company’s stock worth $1,083,727,000 after buying an additional 1,993,829 shares during the last quarter. 79.88% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts recently issued reports on the stock. Cowen restated a “buy” rating and issued a $81.00 price target on shares of Schlumberger in a research note on Thursday, March 15th. Credit Suisse Group set a $86.00 target price on shares of Schlumberger and gave the company a “buy” rating in a research note on Wednesday, March 14th. ValuEngine lowered shares of Schlumberger from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Schlumberger from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Finally, Bank of America upgraded shares of Schlumberger from a “neutral” rating to a “buy” rating and boosted their target price for the company from $66.50 to $75.00 in a research note on Monday, February 26th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Schlumberger presently has an average rating of “Buy” and a consensus price target of $81.44.

In related news, insider Howard Guild sold 25,000 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $78.26, for a total value of $1,956,500.00. Following the completion of the sale, the insider now owns 22,410 shares of the company’s stock, valued at $1,753,806.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Simon Ayat sold 75,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $78.86, for a total transaction of $5,914,500.00. Following the completion of the sale, the chief financial officer now directly owns 138,827 shares of the company’s stock, valued at approximately $10,947,897.22. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.

Shares of SLB stock opened at $64.14 on Friday. The firm has a market cap of $93,747.63, a PE ratio of -58.84, a P/E/G ratio of 5.23 and a beta of 1.03. Schlumberger Limited. has a 1-year low of $61.02 and a 1-year high of $80.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.21 and a quick ratio of 0.95.

Schlumberger (NYSE:SLB) last posted its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $8.18 billion during the quarter, compared to the consensus estimate of $8.12 billion. Schlumberger had a negative net margin of 4.94% and a positive return on equity of 5.27%. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. analysts forecast that Schlumberger Limited. will post 2.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Wednesday, February 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, February 6th. Schlumberger’s payout ratio is currently -183.49%.

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About Schlumberger

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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