Schlumberger NV (SLB) Stake Decreased by Winslow Asset Management Inc.
Winslow Asset Management Inc. decreased its stake in Schlumberger NV (NYSE:SLB) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,954 shares of the company’s stock after selling 1,122 shares during the period. Schlumberger NV makes up about 1.9% of Winslow Asset Management Inc.’s holdings, making the stock its 25th largest position. Winslow Asset Management Inc.’s holdings in Schlumberger NV were worth $8,300,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of 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 in the last quarter. Franklin Resources Inc. raised its position in shares of 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 in the last quarter. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. Ameriprise Financial Inc. raised its position in shares of Schlumberger NV by 10.1% in the second quarter. Ameriprise Financial Inc. now owns 8,539,378 shares of the company’s stock worth $675,396,000 after buying an additional 780,589 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its position in shares of 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 in the last quarter. 78.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger NV (NYSE:SLB) traded up 0.35% on Thursday, hitting $80.43. 1,608,255 shares of the stock were exchanged. The firm’s market cap is $111.85 billion. The firm’s 50 day moving average price is $78.80 and its 200 day moving average price is $77.78. 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 data on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ 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 analysts’ expectations of $7.09 billion. Equities analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be issued 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 dividend yield of 2.50%. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
A number of brokerages recently weighed in on SLB. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Schlumberger NV in a research note on Friday, July 22nd. BMO Capital Markets reaffirmed a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, July 13th. Jefferies Group reiterated a “hold” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Schlumberger NV in a report on Monday, July 11th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $94.00 price objective on shares of Schlumberger NV in a report on Wednesday, June 15th. Finally, Societe Generale upgraded shares of Schlumberger NV from a “hold” rating to a “buy” rating and increased their price objective for the company from $86.00 to $91.00 in a report on Monday, July 18th. Four equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $90.59.
In other Schlumberger NV news, Director Michael E. Marks sold 13,600 shares of the firm’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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 50,000 shares of the firm’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $83.68, for a total transaction of $4,184,000.00. Following the transaction, the chief financial officer now directly owns 153,335 shares in the company, valued at approximately $12,831,072.80. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate 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.
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