Cape Cod Five Cents Savings Bank reduced its position in shares of Schlumberger N.V. (NYSE:SLB) by 4.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor 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.
Other hedge funds have also recently added to or reduced their stakes in the company. Shelton Capital Management boosted its stake in Schlumberger N.V. by 17.8% in the fourth quarter. Shelton Capital Management now owns 83,650 shares of the oil and gas company’s stock worth $7,022,000 after buying an additional 12,655 shares in the last quarter. National Pension Service boosted its stake in Schlumberger N.V. by 4.5% in the first quarter. National Pension Service now owns 964,626 shares of the oil and gas company’s stock worth $75,086,000 after buying an additional 41,903 shares in the last quarter. Rathbone Brothers plc boosted its stake in Schlumberger N.V. by 1.2% in the first quarter. Rathbone Brothers plc now owns 126,286 shares of the oil and gas company’s stock worth $9,863,000 after buying an additional 1,537 shares in the last quarter. Jackson Grant Investment Advisers Inc. purchased a new stake in Schlumberger N.V. during the fourth quarter worth $160,000. Finally, First United Bank Trust boosted its stake in Schlumberger N.V. by 9.8% in the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock worth $1,026,000 after buying an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 79.16% of the company’s stock.
Shares of Schlumberger N.V. (SLB) opened at 67.54 on Monday. The firm 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 1-year low of $64.15 and a 1-year high of $87.84. The company has a 50-day moving average of $66.69 and a 200-day moving average of $74.58.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. Analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
A number of analysts have recently weighed in on SLB shares. Barclays PLC restated an “overweight” rating and issued a $107.00 price target on shares of Schlumberger N.V. in a report on Monday, April 24th. Morgan Stanley raised their price target on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 21st. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $92.00 target price on shares of Schlumberger N.V. in a research note on Friday, June 30th. Finally, Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price for the company in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Schlumberger N.V. has an average rating of “Buy” and a consensus price target of $86.40.
In other news, Director Peter L. S. Currie purchased 3,625 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the completion of the transaction, the director now directly owns 31,550 shares in the company, valued at approximately $2,177,581. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the president now 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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