VNBTrust National Association Maintains Stake in Schlumberger NV (SLB)
VNBTrust National Association maintained its position in shares of Schlumberger NV (NYSE:SLB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,249 shares of the company’s stock at the end of the second quarter. VNBTrust National Association’s holdings in Schlumberger NV were worth $336,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in SLB. Carderock Capital Management Inc. increased its position in shares of Schlumberger NV by 3.7% in the first quarter. Carderock Capital Management Inc. now owns 12,275 shares of the company’s stock worth $905,000 after buying an additional 440 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Schlumberger NV by 8.9% in the first quarter. IFP Advisors Inc now owns 22,032 shares of the company’s stock worth $1,625,000 after buying an additional 1,802 shares during the last quarter. ICM Asset Management Inc. WA acquired a new stake in shares of Schlumberger NV during the first quarter worth $268,000. B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Schlumberger NV by 5.8% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 29,866 shares of the company’s stock worth $2,203,000 after buying an additional 1,627 shares during the last quarter. Finally, Badgley Phelps & Bell Inc. raised its stake in shares of Schlumberger NV by 4.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 84,365 shares of the company’s stock worth $6,222,000 after buying an additional 3,792 shares during the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.
Schlumberger NV (NYSE:SLB) traded down 0.26% during midday trading on Friday, reaching $81.32. The company’s stock had a trading volume of 4,681,503 shares. The company’s market capitalization is $113.09 billion. The company has a 50 day moving average of $78.67 and a 200-day moving average of $78.13. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $83.97.
Schlumberger NV (NYSE:SLB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. Equities research analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th were paid 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 was Friday, September 2nd. Schlumberger NV’s payout ratio is currently -168.07%.
A number of brokerages have recently weighed in on SLB. Jefferies Group restated a “hold” rating and set a $85.00 price target (up previously from $80.00) on shares of Schlumberger NV in a research note on Monday, July 11th. BMO Capital Markets restated a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, July 13th. Guggenheim restated a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, August 31st. Citigroup Inc. restated a “buy” rating and set a $89.00 price target (down previously from $90.00) on shares of Schlumberger NV in a research note on Thursday, June 23rd. Finally, Simmons restated an “overweight” rating and set a $97.00 price target (up previously from $84.00) on shares of Schlumberger NV in a research note on Monday, July 25th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $90.69.
In other news, 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 sale, the insider now owns 19,781 shares in the company, valued at $1,608,590.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tore I. Sandvold sold 2,500 shares of the stock in a transaction on Friday, September 30th. The shares were sold at an average price of $78.09, for a total value of $195,225.00. Following the completion of the sale, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,386,097.50. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
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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