Cape Cod Five Cents Savings Bank lowered its position in shares of Schlumberger N.V. (NYSE:SLB) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,351 shares of the oil and gas company’s stock after selling 511 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Schlumberger N.V. were worth $748,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. purchased a new stake in Schlumberger N.V. during the fourth quarter worth $101,000. Tradewinds Capital Management LLC raised its stake in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the last quarter. Rocky Mountain Advisers LLC raised its stake in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock worth $113,000 after buying an additional 1,331 shares during the last quarter. American Research & Management Co. raised its stake in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares during the last quarter. Finally, Advantage Investment Management LLC purchased a new stake in Schlumberger N.V. during the fourth quarter worth $127,000. 79.41% of the stock is owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE SLB) opened at 67.44 on Thursday. Schlumberger N.V. has a 52 week low of $64.15 and a 52 week high of $87.84. The firm’s market capitalization is $93.71 billion. The stock has a 50 day moving average of $67.14 and a 200-day moving average of $75.75.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 EPS for the quarter, meeting the consensus estimate of $0.25. The company had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.98 billion. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS. Equities analysts anticipate that Schlumberger N.V. will post $1.43 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend was Tuesday, May 30th. Schlumberger N.V.’s payout ratio is presently -144.93%.
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Several research analysts have weighed in on the stock. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Wells Fargo & Company reissued an “outperform” rating on shares of Schlumberger N.V. in a report on Monday, July 10th. BMO Capital Markets reissued a “buy” rating and set a $74.00 price objective (down from $89.00) on shares of Schlumberger N.V. in a report on Thursday, July 13th. Evercore ISI set a $93.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Saturday, April 22nd. Finally, Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $88.77.
In related news, Director Peter L. S. Currie acquired 3,625 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was bought at an average price of $69.02 per share, with a total value of $250,197.50. Following the acquisition, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Aaron Gatt Floridia sold 40,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the sale, the president now directly owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.
Schlumberger N.V. Company 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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