Zurcher Kantonalbank Zurich Cantonalbank Purchases 262,116 Shares of Schlumberger Limited (NYSE:SLB)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Schlumberger Limited (NYSE:SLB) by 50.1% during the 4th quarter, according to its most recent filing with the 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 period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Schlumberger were worth $40,855,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. First American Trust FSB lifted its stake in Schlumberger by 1.4% in the 4th quarter. First American Trust FSB now owns 157,006 shares of the oil and gas company’s stock valued at $8,171,000 after acquiring an additional 2,148 shares in the last quarter. LifePlan Financial LLC bought a new stake in Schlumberger in the 4th quarter valued at approximately $1,067,000. Emfo LLC lifted its stake in Schlumberger by 80.0% in the 4th quarter. Emfo LLC now owns 4,500 shares of the oil and gas company’s stock valued at $234,000 after acquiring an additional 2,000 shares in the last quarter. B&D White Capital Company LLC bought a new stake in Schlumberger in the 4th quarter valued at approximately $213,000. Finally, Bison Wealth LLC lifted its stake in Schlumberger by 26.1% in the 4th quarter. Bison Wealth LLC now owns 4,336 shares of the oil and gas company’s stock valued at $226,000 after acquiring an additional 897 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Schlumberger Stock Performance

Shares of NYSE SLB opened at $51.41 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.32 and a quick ratio of 1.00. The stock’s fifty day moving average price is $51.43 and its two-hundred day moving average price is $52.51. Schlumberger Limited has a one year low of $42.73 and a one year high of $62.12. The firm has a market cap of $73.38 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 0.93 and a beta of 1.60.

Schlumberger (NYSE:SLB) last issued its quarterly earnings data on Friday, January 19th. The oil and gas company reported $0.86 EPS for the quarter, beating 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 firm had revenue of $8.99 billion for the quarter, compared to analyst estimates of $8.96 billion. During the same period in the prior year, the firm posted $0.71 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, equities analysts forecast that Schlumberger Limited will post 3.52 EPS for the current year.

Schlumberger Announces Dividend

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

Insider Buying and Selling at Schlumberger

In other Schlumberger news, CAO Howard Guild sold 22,853 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total value of $1,180,585.98. Following the transaction, the chief accounting officer now directly owns 22,181 shares of the company’s stock, valued at approximately $1,145,870.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Howard Guild sold 22,853 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $51.66, for a total transaction of $1,180,585.98. Following the completion of the sale, the chief accounting officer now directly owns 22,181 shares in the company, valued at approximately $1,145,870.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Stephane Biguet sold 6,250 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $52.78, for a total value of $329,875.00. Following the sale, the chief financial officer now owns 249,182 shares of the company’s stock, valued at $13,151,825.96. The disclosure for this sale can be found here. Insiders have sold a total of 172,191 shares of company stock valued at $8,636,322 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on SLB. HSBC reaffirmed a “buy” rating and set a $71.00 price target on shares of Schlumberger in a research report on Thursday, April 4th. Wells Fargo & Company boosted their price target on Schlumberger from $69.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada boosted their price target on Schlumberger from $66.00 to $69.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Stifel Nicolaus boosted their price target on Schlumberger from $63.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Schlumberger in a research report on Wednesday, April 3rd. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Schlumberger presently has an average rating of “Moderate Buy” and an average target price of $70.31.

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.