Lederer & Associates Investment Counsel CA increased its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,730 shares of the oil and gas company’s stock after acquiring an additional 875 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Schlumberger N.V. were worth $1,036,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC boosted its position in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 307 shares during the last quarter. MCF Advisors LLC boosted its position in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after acquiring an additional 915 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Schlumberger N.V. by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 310 shares during the last quarter. Independence Advisors LLC acquired a new position in Schlumberger N.V. during the second quarter worth about $288,000. Finally, Baystate Wealth Management LLC boosted its position in Schlumberger N.V. by 27.6% during the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
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Schlumberger N.V. (NYSE SLB) opened at 67.24 on Friday. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84. The firm’s 50-day moving average is $65.24 and its 200 day moving average is $70.65. The firm has a market cap of $93.10 billion, a PE ratio of 529.45 and a beta of 1.03.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. Equities research analysts predict that Schlumberger N.V. will post $1.51 EPS 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 paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
A number of equities analysts have commented on the stock. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Scotiabank set a $90.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, July 7th. Iberia Capital downgraded shares of Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $100.00 to $77.00 in a research note on Thursday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Finally, Morgan Stanley lifted their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.80.
In other news, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helge Lund acquired 2,800 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were purchased 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. Company insiders own 0.38% of the company’s stock.
Schlumberger N.V. 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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