Schlumberger Limited $SLB is Edmond DE Rothschild Holding S.A.'s 4th Largest Position

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. boosted its position in Schlumberger Limited (NYSE:SLB - Free Report) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,815,734 shares of the oil and gas company's stock after buying an additional 97,836 shares during the quarter. 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.

Several other large investors also recently made changes to their positions in the company. First Command Advisory Services Inc. boosted its holdings in shares of Schlumberger by 300.0% in the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock valued at $27,000 after acquiring an additional 477 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of Schlumberger in the 1st quarter valued at $33,000. Alpine Bank Wealth Management acquired a new stake in shares of Schlumberger in the 1st quarter valued at $34,000. Park Square Financial Group LLC acquired a new position in Schlumberger during the 1st quarter worth $38,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Schlumberger during the 4th quarter worth $40,000. Institutional investors and hedge funds own 81.99% of the company's stock.

Schlumberger Trading Up 1.0%

SLB traded up $0.37 during trading on Tuesday, reaching $36.15. 4,384,004 shares of the company's stock were exchanged, compared to its average volume of 16,148,090. Schlumberger Limited has a one year low of $31.11 and a one year high of $46.15. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $48.84 billion, a PE ratio of 12.38, a price-to-earnings-growth ratio of 9.94 and a beta of 1.05. The firm has a fifty day moving average price of $34.79 and a two-hundred day moving average price of $35.86.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.51 billion. Schlumberger had a net margin of 11.53% and a return on equity of 20.99%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Wednesday, September 3rd will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, September 3rd. This represents a $1.14 annualized dividend and a yield of 3.2%. Schlumberger's dividend payout ratio is presently 39.04%.

Analyst Ratings Changes

A number of analysts recently weighed in on SLB shares. Barclays lowered their target price on shares of Schlumberger from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. Melius Research assumed coverage on Schlumberger in a research note on Wednesday, August 20th. They set a "buy" rating and a $82.00 price objective on the stock. Melius started coverage on shares of Schlumberger in a research report on Wednesday, August 20th. They set a "buy" rating and a $82.00 price objective for the company. Morgan Stanley decreased their price objective on shares of Schlumberger from $50.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, May 16th. Finally, Wells Fargo & Company cut shares of Schlumberger from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Schlumberger has a consensus rating of "Moderate Buy" and a consensus target price of $52.86.

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.