American National Registered Investment Advisor Inc. maintained its stake in Schlumberger N.V. (NYSE:SLB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,580 shares of the oil and gas company’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Schlumberger N.V. were worth $1,026,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of SLB. Palo Capital Inc. raised its stake in Schlumberger N.V. by 598.1% in the second quarter. Palo Capital Inc. now owns 36,847 shares of the oil and gas company’s stock worth $2,426,000 after buying an additional 31,569 shares during the last quarter. Peoples Financial Services CORP. raised its stake in Schlumberger N.V. by 6.9% in the second quarter. Peoples Financial Services CORP. now owns 12,720 shares of the oil and gas company’s stock worth $837,000 after buying an additional 825 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management raised its stake in Schlumberger N.V. by 7.6% in the second quarter. B & T Capital Management DBA Alpha Capital Management now owns 29,699 shares of the oil and gas company’s stock worth $1,955,000 after buying an additional 2,089 shares during the last quarter. CrestPoint Capital Management LLC raised its stake in Schlumberger N.V. by 73.8% in the second quarter. CrestPoint Capital Management LLC now owns 10,600 shares of the oil and gas company’s stock worth $698,000 after buying an additional 4,500 shares during the last quarter. Finally, Winslow Evans & Crocker Inc. raised its stake in Schlumberger N.V. by 60.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 10,882 shares of the oil and gas company’s stock worth $738,000 after buying an additional 4,114 shares during the last quarter. 79.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE:SLB) opened at 67.44 on Thursday. The stock’s market capitalization is $93.71 billion. The firm’s 50-day moving average price is $67.14 and its 200 day moving average price is $75.75. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The business had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts predict that Schlumberger N.V. will post $1.43 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 1st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 30th. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. Schlumberger N.V.’s dividend payout ratio is presently -144.93%.
A number of research firms recently commented on SLB. BMO Capital Markets reaffirmed a “buy” rating and set a $74.00 price objective (down previously from $89.00) on shares of Schlumberger N.V. in a research note on Thursday, July 13th. Zacks Investment Research lowered Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a research note on Monday, July 10th. Scotiabank set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, July 7th. Finally, 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 research note on Thursday, July 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. has a consensus rating of “Buy” and an average target price of $88.77.
In related news, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the transaction, the president now owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter L. S. Currie acquired 3,625 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average cost of $69.02 per share, with a total value of $250,197.50. Following the transaction, the director now directly owns 31,550 shares in the company, valued at approximately $2,177,581. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by 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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