Schlumberger NV (SLB) Position Increased by Whitnell & Co.
Whitnell & Co. boosted its stake in shares of Schlumberger NV (NYSE:SLB) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,543 shares of the company’s stock after buying an additional 1,951 shares during the period. Whitnell & Co.’s holdings in Schlumberger NV were worth $2,178,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new position in Schlumberger NV during the first quarter worth approximately $3,824,000. Newman Dignan & Sheerar Inc. boosted its position in Schlumberger NV by 2.5% in the first quarter. Newman Dignan & Sheerar Inc. now owns 13,605 shares of the company’s stock worth $1,003,000 after buying an additional 337 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in Schlumberger NV by 13.7% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 291,315 shares of the company’s stock worth $21,484,000 after buying an additional 35,055 shares during the last quarter. Stewart & Patten Co. LLC boosted its position in Schlumberger NV by 3.6% in the first quarter. Stewart & Patten Co. LLC now owns 141,353 shares of the company’s stock worth $10,424,000 after buying an additional 4,866 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in Schlumberger NV by 12.3% in the first quarter. Franklin Street Advisors Inc. NC now owns 27,452 shares of the company’s stock worth $2,025,000 after buying an additional 3,010 shares during the last quarter. 78.39% of the stock is currently owned by institutional investors and hedge funds.
Schlumberger NV (NYSE:SLB) traded down 1.69% on Friday, hitting $75.71. The stock had a trading volume of 4,603,960 shares. The stock’s 50 day moving average is $79.80 and its 200 day moving average is $77.51. The stock’s market cap is $105.29 billion. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97.
Schlumberger NV (NYSE:SLB) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. The business earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.60%. The ex-dividend date is Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
SLB has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Schlumberger NV from a “hold” rating to a “strong sell” rating in a report on Thursday, June 2nd. Credit Suisse Group AG reiterated a “buy” rating on shares of Schlumberger NV in a report on Thursday, June 2nd. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Schlumberger NV in a report on Wednesday, June 8th. Vetr upgraded shares of Schlumberger NV from a “buy” rating to a “strong-buy” rating and set a $86.33 target price on the stock in a report on Wednesday, June 15th. Finally, Simmons reiterated an “outperform” rating and set a $84.00 target price (down from $86.00) on shares of Schlumberger NV in a report on Monday, June 20th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $90.61.
In other Schlumberger NV news, VP Stephane Biguet sold 4,227 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $78.52, for a total value of $331,904.04. Following the completion of the transaction, the vice president now owns 7,108 shares in the company, valued at $558,120.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Howard Guild sold 11,900 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $81.32, for a total value of $967,708.00. Following the completion of the transaction, the insider now owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.
About Schlumberger NV
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.
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