Sei Investments Co. lifted its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 755,660 shares of the oil and gas company’s stock after purchasing an additional 89,943 shares during the quarter. Sei Investments Co. owned about 0.05% of Schlumberger N.V. worth $49,752,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of SLB. CGOV Asset Management lifted its stake in shares of Schlumberger N.V. by 27.1% during the first quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock worth $4,297,000 after purchasing an additional 8,800 shares in the last quarter. Waldron LP lifted its stake in shares of Schlumberger N.V. by 76.5% during the first quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 3,150 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in shares of Schlumberger N.V. by 2.8% during the first quarter. Sit Investment Associates Inc. now owns 281,080 shares of the oil and gas company’s stock worth $21,952,000 after purchasing an additional 7,635 shares in the last quarter. Alexandria Capital LLC lifted its stake in shares of Schlumberger N.V. by 1.2% during the first quarter. Alexandria Capital LLC now owns 64,926 shares of the oil and gas company’s stock worth $5,071,000 after purchasing an additional 772 shares in the last quarter. Finally, Mycio Wealth Partners LLC acquired a new position in shares of Schlumberger N.V. during the first quarter worth about $219,000. Institutional investors and hedge funds own 78.91% of the company’s stock.
In other Schlumberger N.V. news, Director Helge Lund purchased 2,800 shares of the stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
A number of research analysts have commented on the company. BMO Capital Markets cut Schlumberger N.V. from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $68.33 to $72.00 in a research note on Wednesday. Deutsche Bank AG assumed coverage on Schlumberger N.V. in a research note on Tuesday. They set a “buy” rating and a $78.00 price objective on the stock. Royal Bank Of Canada set a $86.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. Cowen and Company set a $80.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Citigroup Inc. boosted their price objective on Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $83.28.
Schlumberger N.V. (SLB) opened at 67.29 on Friday. The stock has a 50 day moving average of $66.93 and a 200-day moving average of $69.18. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84. The firm has a market capitalization of $93.16 billion, a P/E ratio of 529.84 and a beta of 1.05.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Schlumberger N.V. will post $1.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. Schlumberger N.V.’s payout ratio is 1,538.58%.
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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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