Schlumberger NV (SLB) Shares Sold by Trilogy Global Advisors LP
Trilogy Global Advisors LP cut its stake in shares of Schlumberger NV (NYSE:SLB) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,171,727 shares of the company’s stock after selling 66,447 shares during the period. Schlumberger NV makes up approximately 2.8% of Trilogy Global Advisors LP’s portfolio, making the stock its 9th largest position. Trilogy Global Advisors LP owned about 0.08% of Schlumberger NV worth $92,660,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in SLB. FormulaFolio Investments LLC increased its stake in shares of Schlumberger NV by 0.6% in the second quarter. FormulaFolio Investments LLC now owns 3,319 shares of the company’s stock valued at $262,000 after buying an additional 20 shares in the last quarter. Bowling Portfolio Management LLC boosted its position in Schlumberger NV by 0.5% in the second quarter. Bowling Portfolio Management LLC now owns 6,354 shares of the company’s stock worth $502,000 after buying an additional 33 shares during the last quarter. River Wealth Advisors LLC boosted its position in Schlumberger NV by 0.3% in the second quarter. River Wealth Advisors LLC now owns 17,654 shares of the company’s stock worth $1,396,000 after buying an additional 46 shares during the last quarter. First United Bank Trust boosted its position in Schlumberger NV by 0.4% in the second quarter. First United Bank Trust now owns 12,076 shares of the company’s stock worth $955,000 after buying an additional 52 shares during the last quarter. Finally, Traynor Capital Management Inc. boosted its position in Schlumberger NV by 1.1% in the second quarter. Traynor Capital Management Inc. now owns 5,151 shares of the company’s stock worth $399,000 after buying an additional 56 shares during 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 0.11% on Friday, reaching $81.51. The company’s stock had a trading volume of 827,653 shares. The company has a 50 day moving average price of $78.78 and a 200 day moving average price of $77.81. The company’s market cap is $113.36 billion. Schlumberger NV has a 52-week low of $59.60 and a 52-week high of $83.97.
Schlumberger NV (NYSE:SLB) last issued its quarterly earnings data 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. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. On average, analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
A number of research firms have recently commented on SLB. Seaport Global Securities restated a “buy” rating on shares of Schlumberger NV in a report on Friday, August 19th. Nomura set a $91.00 price target on shares of Schlumberger NV and gave the stock a “buy” rating in a report on Tuesday, August 16th. JPMorgan Chase & Co. restated a “buy” rating on shares of Schlumberger NV in a report on Friday, July 22nd. Goldman Sachs Group Inc. set a $100.00 price target on shares of Schlumberger NV and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, Howard Weil upped their price target on shares of Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Monday, July 25th. 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 presently has an average rating of “Buy” and a consensus price target of $90.59.
In other news, Director Tore I. Sandvold sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $78.09, for a total value of $195,225.00. Following the completion of the transaction, the director now owns 17,750 shares in the company, valued at approximately $1,386,097.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $4,184,000.00. Following the completion of the transaction, the chief financial officer now owns 153,335 shares of the company’s stock, valued at approximately $12,831,072.80. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
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.
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.