Schlumberger N.V. (NYSE:SLB) Shares Sold by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. decreased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 8.0% during the first quarter, Holdings Channel reports. The institutional investor owned 2,229,851 shares of the oil and gas company’s stock after selling 193,278 shares during the period. Asset Management One Co. Ltd.’s holdings in Schlumberger N.V. were worth $174,111,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sphera Funds Management LTD. increased its position in shares of Schlumberger N.V. by 1.6% in the first quarter. Sphera Funds Management LTD. now owns 34,911 shares of the oil and gas company’s stock valued at $2,727,000 after buying an additional 550 shares during the period. Westpac Banking Corp increased its position in shares of Schlumberger N.V. by 40.2% in the first quarter. Westpac Banking Corp now owns 4,043 shares of the oil and gas company’s stock valued at $316,000 after buying an additional 1,160 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of Schlumberger N.V. by 4.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 926,436 shares of the oil and gas company’s stock valued at $72,279,000 after buying an additional 38,736 shares during the period. Tredje AP fonden increased its position in shares of Schlumberger N.V. by 0.3% in the first quarter. Tredje AP fonden now owns 100,972 shares of the oil and gas company’s stock valued at $7,936,000 after buying an additional 303 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Schlumberger N.V. during the first quarter valued at about $400,000. Institutional investors and hedge funds own 79.14% of the company’s stock.
Schlumberger N.V. (NYSE SLB) opened at 66.55 on Tuesday. Schlumberger N.V. has a 52-week low of $64.15 and a 52-week high of $87.84. The stock’s 50 day moving average is $66.69 and its 200-day moving average is $74.58. The company has a market cap of $92.14 billion, a PE ratio of 524.02 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities research analysts predict that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
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Several brokerages have recently issued reports on SLB. BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Loop Capital lowered their price target on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, July 25th. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a report on Friday, July 21st. Finally, Instinet reiterated a “buy” rating and set a $78.00 price target (down from $85.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. presently has an average rating of “Buy” and an average target price of $86.40.
In related news, Director Peter L. S. Currie bought 3,625 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 31,550 shares of the company’s stock, valued at approximately $2,177,581. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Aaron Gatt Floridia sold 40,000 shares of Schlumberger N.V. stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the sale, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
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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