Burt Wealth Advisors lowered its stake in Schlumberger NV (NYSE:SLB) by 0.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,549 shares of the company’s stock after selling 10 shares during the period. Burt Wealth Advisors’ holdings in Schlumberger NV were worth $122,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sigma Planning Corp boosted its position in shares of Schlumberger NV by 7.7% in the second quarter. Sigma Planning Corp now owns 5,801 shares of the company’s stock valued at $459,000 after buying an additional 415 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in Schlumberger NV during the second quarter valued at approximately $5,618,000. United Bank Inc. raised its stake in Schlumberger NV by 6.8% in the second quarter. United Bank Inc. now owns 4,881 shares of the company’s stock valued at $386,000 after buying an additional 311 shares during the last quarter. New York State Teachers Retirement System raised its stake in Schlumberger NV by 10.8% in the second quarter. New York State Teachers Retirement System now owns 2,733,101 shares of the company’s stock valued at $216,134,000 after buying an additional 265,991 shares during the last quarter. Finally, John G Ullman & Associates Inc. raised its stake in Schlumberger NV by 3.6% in the second quarter. John G Ullman & Associates Inc. now owns 184,881 shares of the company’s stock valued at $14,620,000 after buying an additional 6,375 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.
Shares of Schlumberger NV (NYSE:SLB) traded up 1.64% during mid-day trading on Friday, reaching $78.64. 6,485,671 shares of the company were exchanged. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97. The company’s 50 day moving average price is $79.02 and its 200 day moving average price is $77.63. The firm’s market capitalization is $109.36 billion.
Schlumberger NV (NYSE:SLB) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The company had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.09 billion. Equities analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be given a dividend of $0.50 per share. The ex-dividend date 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 (DPR) is -168.07%.
SLB has been the topic of several analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, July 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Schlumberger NV in a research report on Thursday, June 30th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Schlumberger NV in a research report on Tuesday, June 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $89.00 price target (down previously from $90.00) on shares of Schlumberger NV in a research report on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $94.00 price target on shares of Schlumberger NV in a research report on Wednesday, June 15th. Four equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $90.61.
In related news, VP Stephane Biguet sold 4,227 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total value of $331,904.04. Following the sale, the vice president now directly owns 7,108 shares in the company, valued at approximately $558,120.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Marks sold 13,600 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $81.19, for a total transaction of $1,104,184.00. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
About Schlumberger NV
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger NV (NYSE:SLB).
Receive News & Ratings for Schlumberger NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger NV and related companies with MarketBeat.com's FREE daily email newsletter.