Czech National Bank Acquires 15,570 Shares of Schlumberger Limited (NYSE:SLB)

Czech National Bank lifted its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 5.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 321,753 shares of the oil and gas company's stock after purchasing an additional 15,570 shares during the period. Czech National Bank's holdings in Schlumberger were worth $13,449,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Schlumberger in the fourth quarter worth about $735,398,000. Price T Rowe Associates Inc. MD grew its position in Schlumberger by 7.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,986,195 shares of the oil and gas company's stock worth $2,913,312,000 after acquiring an additional 5,225,828 shares during the last quarter. Lazard Asset Management LLC grew its position in Schlumberger by 3,112.1% during the 4th quarter. Lazard Asset Management LLC now owns 3,627,051 shares of the oil and gas company's stock worth $139,059,000 after acquiring an additional 3,514,134 shares during the last quarter. Deutsche Bank AG increased its stake in Schlumberger by 12.2% in the 4th quarter. Deutsche Bank AG now owns 28,737,703 shares of the oil and gas company's stock worth $1,101,804,000 after purchasing an additional 3,119,543 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Schlumberger by 43,028.0% in the fourth quarter. Clearbridge Investments LLC now owns 2,652,804 shares of the oil and gas company's stock valued at $101,708,000 after purchasing an additional 2,646,653 shares during the last quarter. Institutional investors own 81.99% of the company's stock.

Insider Activity

In other Schlumberger news, Director La Chevardiere Patrick De sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $33.58, for a total transaction of $167,900.00. Following the completion of the sale, the director now directly owns 23,525 shares in the company, valued at approximately $789,969.50. This trade represents a 17.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aparna Raman sold 25,133 shares of Schlumberger stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $42.28, for a total transaction of $1,062,623.24. Following the completion of the transaction, the insider now directly owns 31,031 shares of the company's stock, valued at $1,311,990.68. This trade represents a 44.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.26% of the company's stock.

Schlumberger Stock Up 2.3%

SLB traded up $0.76 during trading on Tuesday, reaching $34.10. The stock had a trading volume of 16,171,749 shares, compared to its average volume of 13,509,563. The company has a current ratio of 1.45, a quick ratio of 1.11 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 10.10 and a beta of 1.06. The stock's 50 day moving average is $35.11 and its two-hundred day moving average is $38.88. Schlumberger Limited has a one year low of $31.11 and a one year high of $50.94.

Schlumberger (NYSE:SLB - Get Free Report) last released its earnings results on Friday, April 25th. The oil and gas company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by ($0.01). Schlumberger had a return on equity of 21.90% and a net margin of 12.29%. The business had revenue of $8.49 billion during the quarter, compared to analysts' expectations of $8.64 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, analysts expect that Schlumberger Limited will post 3.38 earnings per share for the current year.

Schlumberger Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, June 4th. This represents a $1.14 annualized dividend and a dividend yield of 3.34%. Schlumberger's payout ratio is 38.64%.

Analyst Ratings Changes

SLB has been the topic of several recent analyst reports. Barclays cut their target price on shares of Schlumberger from $53.00 to $48.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Susquehanna dropped their price target on shares of Schlumberger from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company raised shares of Schlumberger from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $46.00 to $44.00 in a report on Tuesday, April 8th. Jefferies Financial Group 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 Thursday, March 27th. Finally, Morgan Stanley dropped their target price on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Five analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $52.44.

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.