Gardiner Nancy B boosted its holdings in Schlumberger N.V. (NYSE:SLB) by 12.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,301 shares of the oil and gas company’s stock after purchasing an additional 826 shares during the quarter. Gardiner Nancy B’s holdings in Schlumberger N.V. were worth $571,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of SLB. First Eagle Investment Management LLC grew its position in Schlumberger N.V. by 71.4% in the 1st quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock valued at $613,696,000 after purchasing an additional 3,272,127 shares during the period. American Century Companies Inc. grew its position in Schlumberger N.V. by 30.8% in the 1st quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after purchasing an additional 1,959,214 shares during the period. Pioneer Investment Management Inc. grew its position in Schlumberger N.V. by 52.7% in the 1st quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock valued at $352,594,000 after purchasing an additional 1,557,982 shares during the period. Swiss National Bank grew its position in Schlumberger N.V. by 25.8% in the 1st quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock valued at $409,364,000 after purchasing an additional 1,075,000 shares during the period. Finally, State Street Corp grew its position in Schlumberger N.V. by 1.1% in the 1st quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after purchasing an additional 769,874 shares during the period. 78.99% of the stock is owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE SLB) traded up 0.99% during midday trading on Tuesday, reaching $66.42. The company had a trading volume of 2,529,736 shares. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84. The firm has a market capitalization of $91.96 billion, a price-to-earnings ratio of 522.99 and a beta of 1.03. The company has a 50 day moving average of $65.22 and a 200 day moving average of $70.93.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. Schlumberger N.V.’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is 1,538.58%.
In related news, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helge Lund acquired 2,800 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by corporate insiders.
Several research firms recently issued reports on SLB. Bank of America Corporation reduced their price target on shares of Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating for the company in a research report on Tuesday, May 30th. BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, HSBC Holdings plc reissued a “neutral” rating and issued a $80.00 price target (down previously from $86.00) on shares of Schlumberger N.V. in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $85.80.
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Schlumberger N.V. Profile
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.
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