Schlumberger N.V. (NYSE:SLB) Stake Boosted by Amica Pension Fund Board of Trustees
Amica Pension Fund Board of Trustees increased its stake in Schlumberger N.V. (NYSE:SLB) by 15.6% during the first quarter, Holdings Channel reports. The institutional investor owned 110,338 shares of the oil and gas company’s stock after buying an additional 14,876 shares during the period. Schlumberger N.V. comprises about 1.1% of Amica Pension Fund Board of Trustees’ investment portfolio, making the stock its 14th largest position. Amica Pension Fund Board of Trustees’ holdings in Schlumberger N.V. were worth $8,617,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cpcm LLC bought a new stake in shares of Schlumberger N.V. during the fourth quarter valued at approximately $481,000. Marietta Wealth Management LLC bought a new stake in shares of Schlumberger N.V. during the fourth quarter valued at approximately $1,868,000. Azimuth Capital Management LLC raised its stake in shares of Schlumberger N.V. by 8.0% in the fourth quarter. Azimuth Capital Management LLC now owns 70,580 shares of the oil and gas company’s stock valued at $5,925,000 after buying an additional 5,213 shares in the last quarter. Shelton Capital Management raised its stake in shares of Schlumberger N.V. by 17.8% in the fourth quarter. Shelton Capital Management now owns 83,650 shares of the oil and gas company’s stock valued at $7,022,000 after buying an additional 12,655 shares in the last quarter. Finally, Lyell Wealth Management LP bought a new stake in shares of Schlumberger N.V. during the fourth quarter valued at approximately $2,590,000. 79.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE:SLB) opened at 66.83 on Tuesday. The company’s market capitalization is $92.86 billion. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The company’s 50-day moving average is $68.98 and its 200-day moving average is $77.62.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, April 21st. The oil and gas company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.98 billion. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. Schlumberger N.V.’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.40 earnings per share. Analysts predict that Schlumberger N.V. will post $1.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Thursday, June 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, May 30th. Schlumberger N.V.’s payout ratio is -144.93%.
Several analysts have commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $99.00 price objective on shares of Schlumberger N.V. in a research report on Thursday, April 6th. Tudor Pickering assumed coverage on shares of Schlumberger N.V. in a research report on Thursday, March 23rd. They issued a “buy” rating on the stock. Scotiabank reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Schlumberger N.V. in a research report on Wednesday, March 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Schlumberger N.V. in a research report on Tuesday, March 28th. Finally, Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $88.85.
In other news, Director Peter L. S. Currie acquired 3,625 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average cost of $69.02 per share, with a total value of $250,197.50. Following the completion of the purchase, the director now directly owns 31,550 shares of the company’s stock, valued at $2,177,581. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Aaron Gatt Floridia sold 40,000 shares of Schlumberger N.V. stock in a transaction on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.
Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The 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 N.V. (NYSE:SLB).
Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with MarketBeat.com's FREE daily email newsletter.