Schlumberger N.V. (SLB) Holdings Increased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in Schlumberger N.V. (NYSE:SLB) by 25.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,539 shares of the oil and gas company’s stock after acquiring an additional 4,200 shares during the period. Wedbush Securities Inc.’s holdings in Schlumberger N.V. were worth $1,352,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SLB. Tradewinds Capital Management LLC raised its holdings in shares of Schlumberger N.V. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. MCF Advisors LLC raised its holdings in shares of Schlumberger N.V. by 130.3% during the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Schlumberger N.V. by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 310 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Schlumberger N.V. by 12.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock valued at $181,000 after buying an additional 305 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Schlumberger N.V. by 1.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,049 shares of the oil and gas company’s stock valued at $200,000 after buying an additional 52 shares in the last quarter. 78.89% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Michael E. Marks acquired 8,000 shares of Schlumberger N.V. stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.38% of the company’s stock.

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Shares of Schlumberger N.V. (NYSE:SLB) opened at 62.44 on Wednesday. The company has a market capitalization of $86.45 billion, a P/E ratio of 491.65 and a beta of 1.05. The firm has a 50-day moving average price of $67.13 and a 200 day moving average price of $68.28. Schlumberger N.V. has a 12-month low of $61.40 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger N.V.’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS. On average, equities research analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current year.

A number of equities analysts recently weighed in on SLB shares. Sanford C. Bernstein raised Schlumberger N.V. from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $94.00 to $80.00 in a report on Thursday, July 6th. They noted that the move was a valuation call. BMO Capital Markets reissued a “buy” rating and set a $74.00 price objective on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Schlumberger N.V. in a report on Saturday, July 22nd. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $80.54.

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.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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