Hayek Kallen Investment Management raised its holdings in Schlumberger N.V. (NYSE:SLB) by 27.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,380 shares of the oil and gas company’s stock after acquiring an additional 5,979 shares during the quarter. Hayek Kallen Investment Management’s holdings in Schlumberger N.V. were worth $1,803,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tradewinds Capital Management LLC lifted its stake in shares of Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after buying an additional 310 shares during the last quarter. Independence Advisors LLC acquired a new stake in shares of Schlumberger N.V. in the second quarter worth $288,000. Finally, Point View Wealth Management Inc. lifted its stake in shares of Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.
Schlumberger N.V. (NYSE:SLB) opened at $62.78 on Wednesday. The firm has a market cap of $90,097.44, a P/E ratio of 50.42, a PEG ratio of 1.99 and a beta of 1.02. Schlumberger N.V. has a 52 week low of $61.40 and a 52 week high of $87.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53.
Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. During the same period last year, the business earned $0.25 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. equities research analysts predict that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the stock. Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price (down previously from $92.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Loop Capital dropped their target price on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $79.31.
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In related news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by company insiders.
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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