Zurich Insurance Group Ltd FI Acquires 2,678 Shares of Schlumberger Limited. (SLB)

Zurich Insurance Group Ltd FI raised its position in shares of Schlumberger Limited. (NYSE:SLB) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,172 shares of the company’s stock after buying an additional 2,678 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Schlumberger Limited. were worth $16,972,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Schlumberger Limited. by 3.3% in the third quarter. UBS Asset Management Americas Inc. now owns 4,261,817 shares of the company’s stock worth $335,149,000 after buying an additional 137,135 shares during the last quarter. BARING ASSET MANAGEMENT Ltd acquired a new stake in shares of Schlumberger Limited. during the third quarter worth about $17,324,000. Seven Bridges Advisors LLC boosted its stake in shares of Schlumberger Limited. by 0.3% in the third quarter. Seven Bridges Advisors LLC now owns 13,960 shares of the company’s stock worth $1,098,000 after buying an additional 38 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in shares of Schlumberger Limited. by 4.6% in the third quarter. AMP Capital Investors Ltd now owns 463,880 shares of the company’s stock worth $35,892,000 after buying an additional 20,386 shares during the last quarter. Finally, Seatown Holdings Pte. Ltd. acquired a new stake in shares of Schlumberger Limited. during the third quarter worth about $5,654,000. 78.66% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Schlumberger Limited. (NYSE:SLB)

Shares of Schlumberger Limited. (NYSE:SLB) opened at 76.96 on Monday. The company has a 50-day moving average price of $80.20 and a 200-day moving average price of $81.36. The stock’s market capitalization is $107.09 billion. Schlumberger Limited. has a 52-week low of $71.34 and a 52-week high of $87.84.

Schlumberger Limited. (NYSE:SLB) last released its quarterly earnings results on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. Schlumberger Limited. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The company had revenue of $7.11 billion for the quarter. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Schlumberger Limited. will post $1.80 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, February 13th. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. Schlumberger Limited.’s dividend payout ratio is presently -169.49%.

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SLB has been the subject of several recent analyst reports. Scotiabank reaffirmed a “buy” rating and set a $95.00 price objective on shares of Schlumberger Limited. in a research report on Wednesday, March 22nd. Vetr raised shares of Schlumberger Limited. from a “buy” rating to a “strong-buy” rating and set a $94.95 price objective for the company in a research report on Monday, January 30th. Evercore ISI reaffirmed a “buy” rating and set a $99.00 price objective on shares of Schlumberger Limited. in a research report on Tuesday, January 31st. Zacks Investment Research cut shares of Schlumberger Limited. from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Finally, FBR & Co upped their price objective on shares of Schlumberger Limited. from $105.00 to $107.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Schlumberger Limited. has an average rating of “Buy” and a consensus target price of $96.27.

In related news, Director Tore I. Sandvold sold 5,000 shares of Schlumberger Limited. stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $81.54, for a total transaction of $407,700.00. Following the sale, the director now directly owns 7,750 shares in the company, valued at $631,935. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.36% of the company’s stock.

About Schlumberger Limited.

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.

5 Day Chart for NYSE:SLB

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