Bollard Group LLC Has $1.06 Million Stake in Schlumberger N.V. (NYSE:SLB)
Bollard Group LLC raised its stake in Schlumberger N.V. (NYSE:SLB) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 16,139 shares of the oil and gas company’s stock after buying an additional 5 shares during the period. Bollard Group LLC’s holdings in Schlumberger N.V. were worth $1,063,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. American Research & Management Co. boosted its position in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares in the last quarter. Advantage Investment Management LLC acquired a new position in Schlumberger N.V. during the fourth quarter valued at about $127,000. MCF Advisors LLC boosted its position in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares in the last quarter. Finally, Jackson Grant Investment Advisers Inc. acquired a new position in Schlumberger N.V. during the fourth quarter valued at about $160,000. 79.14% of the stock is owned by institutional investors and hedge funds.
Schlumberger N.V. (SLB) traded down 0.341% during midday trading on Tuesday, hitting $66.323. The company had a trading volume of 2,245,676 shares. 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 $66.69 and its 200 day moving average is $74.58. The stock has a market cap of $91.83 billion, a price-to-earnings ratio of 522.228 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.01%. Schlumberger N.V.’s payout ratio is 1,538.58%.
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Several research firms have recently issued reports on SLB. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, June 16th. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger N.V. in a report on Friday, July 21st. BidaskClub downgraded Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 target price (down from $92.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Finally, Instinet reissued a “buy” rating and issued a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Schlumberger N.V. has an average rating of “Buy” and a consensus target price of $86.40.
In other news, Director Peter L. S. Currie bought 3,625 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the acquisition, the director now directly owns 31,550 shares in the company, valued at $2,177,581. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.
About Schlumberger N.V.
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.
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