Weybosset Research & Management LLC grew its position in Schlumberger N.V. (NYSE:SLB) by 0.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,525 shares of the oil and gas company’s stock after purchasing an additional 50 shares during the period. Weybosset Research & Management LLC’s holdings in Schlumberger N.V. were worth $364,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of SLB. First Eagle Investment Management LLC raised its holdings in shares of Schlumberger N.V. by 71.4% during the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock worth $613,696,000 after acquiring an additional 3,272,127 shares during the period. American Century Companies Inc. raised its holdings in shares of Schlumberger N.V. by 30.8% during the first quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock worth $650,264,000 after acquiring an additional 1,959,214 shares during the period. Cambiar Investors LLC raised its holdings in shares of Schlumberger N.V. by 53.8% during the second quarter. Cambiar Investors LLC now owns 4,934,780 shares of the oil and gas company’s stock worth $324,906,000 after acquiring an additional 1,726,174 shares during the period. Pioneer Investment Management Inc. raised its holdings in shares of Schlumberger N.V. by 52.7% during the first quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock worth $352,594,000 after acquiring an additional 1,557,982 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Schlumberger N.V. by 25.8% during the first quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock worth $409,364,000 after acquiring an additional 1,075,000 shares during the period. Institutional investors own 78.91% of the company’s stock.
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Shares of Schlumberger N.V. (NYSE: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. The company has a market capitalization of $93.16 billion, a price-to-earnings ratio of 529.84 and a beta of 1.05. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the business earned $0.23 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Analysts forecast that Schlumberger N.V. will post $1.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is 1,538.58%.
A number of equities research analysts recently commented on SLB shares. Scotiabank set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.00 target price on shares of Schlumberger N.V. in a research report on Friday, June 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 target price on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. UBS AG set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger N.V. in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. has an average rating of “Buy” and an average target price of $83.28.
In other news, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was purchased at an average price 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 company insiders.
About Schlumberger N.V.
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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