First National Trust Co. raised its stake in shares of Schlumberger NV (NYSE:SLB) by 14.3% during the second quarter, Holdings Channel reports. The fund owned 45,521 shares of the company’s stock after buying an additional 5,701 shares during the period. First National Trust Co.’s holdings in Schlumberger NV were worth $3,600,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SLB. BTC Capital Management Inc. increased its position in shares of Schlumberger NV by 122.7% in the first quarter. BTC Capital Management Inc. now owns 28,781 shares of the company’s stock worth $2,126,000 after buying an additional 15,858 shares during the period. Badgley Phelps & Bell Inc. increased its position in shares of Schlumberger NV by 4.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 84,365 shares of the company’s stock worth $6,222,000 after buying an additional 3,792 shares during the period. B & T Capital Management DBA Alpha Capital Management increased its position in shares of Schlumberger NV by 5.8% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 29,866 shares of the company’s stock worth $2,203,000 after buying an additional 1,627 shares during the period. ICM Asset Management Inc. WA purchased a new position in shares of Schlumberger NV during the first quarter worth approximately $268,000. Finally, IFP Advisors Inc increased its position in shares of Schlumberger NV by 8.9% in the first quarter. IFP Advisors Inc now owns 22,032 shares of the company’s stock worth $1,625,000 after buying an additional 1,802 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Schlumberger NV (NYSE:SLB) traded up 0.51% during mid-day trading on Tuesday, reaching $81.39. The company had a trading volume of 3,956,758 shares. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97. The firm’s market capitalization is $113.19 billion. The stock has a 50 day moving average of $78.67 and a 200-day moving average of $78.31.
Schlumberger NV (NYSE:SLB) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.02. The company earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. Equities analysts predict that Schlumberger NV will post $1.12 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, September 2nd. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
A number of brokerages have commented on SLB. Howard Weil boosted their target price on Schlumberger NV from $80.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Schlumberger NV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 27th. Jefferies Group restated a “hold” rating and issued a $85.00 target price (up previously from $80.00) on shares of Schlumberger NV in a research note on Monday, July 11th. Citigroup Inc. lowered their target price on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Finally, Vetr restated a “buy” rating on shares of Schlumberger NV in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $90.69.
In other news, Director Michael E. Marks sold 13,600 shares of the company’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $81.19, for a total transaction of $1,104,184.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard Guild sold 11,900 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $81.32, for a total transaction of $967,708.00. Following the transaction, the insider now owns 19,781 shares of the company’s stock, valued at $1,608,590.92. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
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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