Eqis Capital Management Inc. boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 10.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,045 shares of the oil and gas company’s stock after buying an additional 1,884 shares during the period. Eqis Capital Management Inc.’s holdings in Schlumberger N.V. were worth $1,566,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Intact Investment Management Inc. increased its position in Schlumberger N.V. by 62.8% in the fourth quarter. Intact Investment Management Inc. now owns 11,150 shares of the oil and gas company’s stock worth $936,000 after buying an additional 4,300 shares during the period. AMF Pensionsforsakring AB increased its position in Schlumberger N.V. by 10.7% in the fourth quarter. AMF Pensionsforsakring AB now owns 1,408,211 shares of the oil and gas company’s stock worth $118,219,000 after buying an additional 135,798 shares during the period. Zurich Insurance Group Ltd FI increased its position in Schlumberger N.V. by 1.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 202,172 shares of the oil and gas company’s stock worth $16,972,000 after buying an additional 2,678 shares during the period. Tyers Asset Management LLC bought a new position in Schlumberger N.V. during the fourth quarter worth about $33,112,000. Finally, Parallel Advisors LLC bought a new position in Schlumberger N.V. during the fourth quarter worth about $580,000. 79.16% of the stock is owned by institutional investors and hedge funds.
Schlumberger N.V. (SLB) opened at 67.54 on Monday. The stock has a 50 day moving average of $66.69 and a 200 day moving average of $74.58. The company has a market cap of $93.51 billion, a PE ratio of 531.81 and a beta of 1.02. 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 announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Equities analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.96%. Schlumberger N.V.’s payout ratio is 1,538.58%.
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A number of equities analysts have issued reports on SLB shares. Barclays PLC reiterated an “overweight” rating and set a $107.00 price target on shares of Schlumberger N.V. in a research note on Monday, April 24th. Morgan Stanley lifted their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 21st. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and set a $92.00 price target on shares of Schlumberger N.V. in a research note on Friday, June 30th. Finally, Vetr upgraded Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target for the company in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $86.40.
In related news, Director Peter L. S. Currie purchased 3,625 shares of Schlumberger N.V. stock in a transaction on Tuesday, May 30th. The shares were bought at an average cost of $69.02 per share, for a total transaction of $250,197.50. Following the acquisition, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helge Lund purchased 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The stock was bought 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 owned by company insiders.
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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