Neuberger Berman Group LLC boosted its stake in Schlumberger NV (NYSE:SLB) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 8,009,259 shares of the company’s stock after buying an additional 352,585 shares during the period. Schlumberger NV comprises 0.9% of Neuberger Berman Group LLC’s investment portfolio, making the stock its 4th largest position. Neuberger Berman Group LLC owned about 0.58% of Schlumberger NV worth $633,372,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Airain ltd bought a new position in shares of Schlumberger NV during the second quarter valued at about $8,145,000. WCM Investment Management CA boosted its position in shares of Schlumberger NV by 62.9% in the second quarter. WCM Investment Management CA now owns 363,857 shares of the company’s stock valued at $28,774,000 after buying an additional 140,546 shares during the last quarter. NCM Capital Management Group Inc. boosted its position in shares of Schlumberger NV by 55.6% in the second quarter. NCM Capital Management Group Inc. now owns 2,100 shares of the company’s stock valued at $166,000 after buying an additional 750 shares during the last quarter. Bank of The West boosted its position in shares of Schlumberger NV by 3.8% in the second quarter. Bank of The West now owns 144,910 shares of the company’s stock valued at $11,459,000 after buying an additional 5,307 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Schlumberger NV by 0.6% in the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 12,674 shares of the company’s stock valued at $998,000 after buying an additional 75 shares during the last quarter. Institutional investors own 78.39% of the company’s stock.
Shares of Schlumberger NV (NYSE:SLB) traded up 1.64% on Friday, reaching $78.64. 6,485,671 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $79.02 and its 200-day moving average price is $77.63. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97. The company’s market capitalization is $109.36 billion.
Schlumberger NV (NYSE:SLB) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. On average, equities analysts anticipate that Schlumberger NV will post $1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. Schlumberger NV’s dividend payout ratio is -168.07%.
Several research analysts have recently issued reports on SLB shares. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of Schlumberger NV in a report on Wednesday, June 8th. Vetr upgraded shares of Schlumberger NV from a “buy” rating to a “strong-buy” rating and set a $86.33 price target for the company in a research note on Wednesday, June 15th. Simmons reiterated an “outperform” rating and set a $84.00 price target (down previously from $86.00) on shares of Schlumberger NV in a research note on Monday, June 20th. Citigroup Inc. reiterated a “buy” rating and set a $89.00 price target (down previously from $90.00) on shares of Schlumberger NV in a research note on Thursday, June 23rd. Finally, Zacks Investment Research upgraded shares of Schlumberger NV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 27th. Four investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger NV presently has a consensus rating of “Buy” and a consensus target price of $90.61.
In other news, CFO Simon Ayat sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $83.68, for a total value of $4,184,000.00. Following the transaction, the chief financial officer now owns 153,335 shares in the company, valued at approximately $12,831,072.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephane Biguet sold 4,227 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total value of $331,904.04. Following the completion of the transaction, the vice president now owns 7,108 shares in the company, valued at approximately $558,120.16. The disclosure for this sale can be found here. 0.36% of the stock is owned by insiders.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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