Somerville Kurt F Sells 258 Shares of Schlumberger NV (SLB)
Somerville Kurt F cut its position in shares of Schlumberger NV (NYSE:SLB) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,041 shares of the company’s stock after selling 258 shares during the period. Schlumberger NV makes up about 1.7% of Somerville Kurt F’s holdings, making the stock its 25th largest position. Somerville Kurt F’s holdings in Schlumberger NV were worth $7,437,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SLB. State Street Corp raised its stake in Schlumberger NV by 2.6% in the first quarter. State Street Corp now owns 57,778,375 shares of the company’s stock worth $4,261,159,000 after buying an additional 1,485,126 shares during the last quarter. Franklin Resources Inc. raised its stake in Schlumberger NV by 3.8% in the first quarter. Franklin Resources Inc. now owns 10,531,372 shares of the company’s stock worth $776,689,000 after buying an additional 389,754 shares during the last quarter. Geode Capital Management LLC raised its stake in Schlumberger NV by 0.3% in the first quarter. Geode Capital Management LLC now owns 10,381,557 shares of the company’s stock worth $764,118,000 after buying an additional 25,983 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Schlumberger NV by 4.6% in the second quarter. Neuberger Berman Group LLC now owns 8,009,259 shares of the company’s stock worth $633,372,000 after buying an additional 352,585 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its stake in Schlumberger NV by 4.0% in the first quarter. Manning & Napier Advisors LLC now owns 6,768,514 shares of the company’s stock worth $499,176,000 after buying an additional 261,635 shares during the last quarter. 78.39% of the stock is currently owned by hedge funds and other institutional investors.
Schlumberger NV (NYSE:SLB) traded up 0.69% on Thursday, hitting $77.09. 4,055,719 shares of the company were exchanged. The firm’s market cap is $107.21 billion. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97. The stock has a 50 day moving average price of $79.88 and a 200 day moving average price of $77.51.
Schlumberger NV (NYSE:SLB) last issued its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The business had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.09 billion. On average, equities research analysts forecast that Schlumberger NV will post $1.12 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
SLB has been the topic of a number of recent research reports. Zacks Investment Research lowered Schlumberger NV from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 2nd. Howard Weil increased their price target on Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Monday, July 25th. Scotiabank reissued a “sector outperform” rating and set a $90.00 price target (up previously from $80.00) on shares of Schlumberger NV in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. set a $100.00 price target on Schlumberger NV and gave the stock a “buy” rating in a research note on Monday, July 25th. Finally, Simmons reissued an “outperform” rating and set a $84.00 price target (down previously from $86.00) on shares of Schlumberger NV in a research note on Monday, June 20th. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Schlumberger NV has a consensus rating of “Buy” and an average price target of $90.61.
In other Schlumberger NV news, CFO Simon Ayat sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $83.68, for a total value of $4,184,000.00. Following the transaction, the chief financial officer now directly owns 153,335 shares in the company, valued at $12,831,072.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael E. Marks sold 13,600 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $81.19, for a total transaction of $1,104,184.00. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger NV (NYSE:SLB).
Receive News & Ratings for Schlumberger NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger NV and related companies with MarketBeat.com's FREE daily email newsletter.