Amica Pension Fund Board of Trustees raised its stake in Schlumberger N.V. (NYSE:SLB) by 15.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 110,338 shares of the oil and gas company’s stock after buying an additional 14,876 shares during the period. Schlumberger N.V. comprises 1.1% of Amica Pension Fund Board of Trustees’ portfolio, making the stock its 14th largest position. Amica Pension Fund Board of Trustees’ holdings in Schlumberger N.V. were worth $8,617,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new position in shares of Schlumberger N.V. during the fourth quarter worth about $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. Advantage Investment Management LLC acquired a new position in shares of Schlumberger N.V. during the fourth quarter worth about $127,000. Finally, Jackson Grant Investment Advisers Inc. acquired a new position in shares of Schlumberger N.V. during the fourth quarter worth about $160,000. Institutional investors and hedge funds own 79.41% of the company’s stock.
Schlumberger N.V. (SLB) opened at 66.83 on Tuesday. The company has a 50-day moving average of $68.98 and a 200 day moving average of $77.62. The company’s market cap is $92.86 billion. Schlumberger N.V. has a 52-week low of $64.15 and a 52-week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The business had revenue of $6.89 billion during the quarter, compared to the consensus estimate of $6.98 billion. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities research analysts predict that Schlumberger N.V. will post $1.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Tuesday, May 30th. Schlumberger N.V.’s payout ratio is currently -144.93%.
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A number of equities analysts recently issued reports on SLB shares. Scotiabank reissued a “buy” rating and issued a $95.00 price objective on shares of Schlumberger N.V. in a report on Wednesday, March 22nd. Tudor Pickering assumed coverage on Schlumberger N.V. in a report on Thursday, March 23rd. They set a “buy” rating for the company. Stephens reissued an “overweight” rating and set a $89.00 target price on shares of Schlumberger N.V. in a research report on Monday, March 27th. Zacks Investment Research downgraded shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, March 28th. Finally, BMO Capital Markets set a $96.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Monday, March 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. has an average rating of “Buy” and an average price target of $88.85.
In other Schlumberger N.V. 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 purchased at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the purchase, the director now owns 31,550 shares of the company’s stock, valued at $2,177,581. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $2,766,800.00. Following the transaction, 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. 0.38% of the stock is currently 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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