Coastline Trust Co boosted its position in Schlumberger N.V. (NYSE:SLB) by 7.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 18,763 shares of the oil and gas company’s stock after buying an additional 1,275 shares during the period. Coastline Trust Co’s holdings in Schlumberger N.V. were worth $1,465,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of SLB. SRS Capital Advisors Inc. purchased a new stake in shares of Schlumberger N.V. during the fourth quarter worth approximately $101,000. American Research & Management Co. raised its position in shares of 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 period. Rocky Mountain Advisers LLC raised its position in shares of 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 period. Cable Hill Partners LLC raised its position in shares of Schlumberger N.V. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the oil and gas company’s stock worth $115,000 after buying an additional 311 shares during the period. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Schlumberger N.V. during the fourth quarter worth about $124,000. 79.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (SLB) traded up 1.86% during midday trading on Friday, reaching $68.58. The company’s stock had a trading volume of 10,179,214 shares. Schlumberger N.V. has a 1-year low of $67.00 and a 1-year high of $87.84. The company’s 50-day moving average price is $70.54 and its 200 day moving average price is $78.80. The firm’s market capitalization is $95.29 billion.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.98 billion. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. Schlumberger N.V.’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. On average, equities research analysts forecast that Schlumberger N.V. will post $1.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Thursday, June 1st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.92%. Schlumberger N.V.’s dividend payout ratio is presently -144.93%.
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A number of research analysts have weighed in on SLB shares. Deutsche Bank AG decreased their price objective on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. SunTrust Banks, Inc. upgraded Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Thursday, April 20th. Jefferies Group LLC restated a “buy” rating and issued a $99.00 price objective on shares of Schlumberger N.V. in a report on Thursday, April 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $103.00 target price on shares of Schlumberger N.V. in a research note on Tuesday, March 28th. Finally, BMO Capital Markets set a $96.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Monday, March 27th. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. presently has an average rating of “Buy” and an average target price of $92.91.
In other news, Director Tore I. Sandvold sold 5,000 shares of Schlumberger N.V. stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the sale, the director now directly owns 5,000 shares in the company, valued at $349,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of Schlumberger N.V. stock in a transaction that occurred on 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 sale, the president now owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The disclosure for this sale can be found here. 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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