Schlumberger Limited $SLB Shares Bought by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Schlumberger Limited by 2.1%, now owning approximately 4,815,734 shares worth $201.3 million, making Schlumberger its 4th largest holding.
• Schlumberger's quarterly earnings report revealed $0.74 EPS, exceeding the consensus estimate of $0.73, although revenue was down 6.5% compared to the previous year.
• A recently declared dividend of $0.285 per share represents an annualized yield of 3.3%, with the payout ratio at 39.04%.

Edmond DE Rothschild Holding S.A. raised its holdings in shares of Schlumberger Limited (NYSE:SLB - Free Report) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,815,734 shares of the oil and gas company's stock after purchasing an additional 97,836 shares during the period. Schlumberger accounts for approximately 3.6% of Edmond DE Rothschild Holding S.A.'s holdings, making the stock its 4th biggest holding. Edmond DE Rothschild Holding S.A. owned about 0.35% of Schlumberger worth $201,298,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in SLB. Brighton Jones LLC raised its position in shares of Schlumberger by 21.4% in the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company's stock valued at $253,000 after acquiring an additional 1,166 shares during the period. Bison Wealth LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at approximately $238,000. Baird Financial Group Inc. raised its position in shares of Schlumberger by 1.4% in the 4th quarter. Baird Financial Group Inc. now owns 318,801 shares of the oil and gas company's stock valued at $12,223,000 after acquiring an additional 4,501 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Schlumberger in the 4th quarter valued at approximately $323,000. Finally, Captrust Financial Advisors raised its position in shares of Schlumberger by 4.5% in the 4th quarter. Captrust Financial Advisors now owns 142,441 shares of the oil and gas company's stock valued at $5,461,000 after acquiring an additional 6,150 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of analyst reports. Piper Sandler cut their price target on shares of Schlumberger from $44.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, July 18th. Barclays lowered their target price on Schlumberger from $47.00 to $46.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Atb Cap Markets raised Schlumberger from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 1st. Stifel Nicolaus lowered their target price on Schlumberger from $54.00 to $52.00 and set a "buy" rating for the company in a research note on Wednesday, July 16th. Finally, UBS Group lowered their target price on Schlumberger from $45.00 to $44.00 and set a "buy" rating for the company in a research note on Wednesday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.86.

Schlumberger Stock Down 0.6%

Shares of SLB traded down $0.21 during mid-day trading on Friday, hitting $35.81. 13,436,375 shares of the company's stock were exchanged, compared to its average volume of 12,118,300. The company has a market cap of $48.38 billion, a PE ratio of 12.26, a P/E/G ratio of 9.94 and a beta of 1.05. Schlumberger Limited has a 52 week low of $31.11 and a 52 week high of $46.15. The company has a 50-day simple moving average of $34.75 and a 200 day simple moving average of $35.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98.

Schlumberger (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $8.55 billion during the quarter, compared to analysts' expectations of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The business's quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. On average, research analysts forecast that Schlumberger Limited will post 3.38 earnings per share for the current fiscal year.

Schlumberger Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Wednesday, September 3rd will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 3rd. Schlumberger's dividend payout ratio (DPR) is currently 39.04%.

Schlumberger 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.