Schlumberger N.V. (NYSE:SLB) Shares Bought by Cambrian Capital Limited Partnership
Cambrian Capital Limited Partnership raised its position in shares of Schlumberger N.V. (NYSE:SLB) by 6.2% during the first quarter, Holdings Channel reports. The firm owned 50,540 shares of the oil and gas company’s stock after buying an additional 2,940 shares during the period. Schlumberger N.V. accounts for about 3.9% of Cambrian Capital Limited Partnership’s holdings, making the stock its 9th largest position. Cambrian Capital Limited Partnership’s holdings in Schlumberger N.V. were worth $3,947,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of SLB. National Pension Service boosted its stake in Schlumberger N.V. by 4.5% in the first quarter. National Pension Service now owns 964,626 shares of the oil and gas company’s stock worth $75,086,000 after buying an additional 41,903 shares during the period. Rathbone Brothers plc boosted its stake in Schlumberger N.V. by 1.2% in the first quarter. Rathbone Brothers plc now owns 126,286 shares of the oil and gas company’s stock worth $9,863,000 after buying an additional 1,537 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new stake in Schlumberger N.V. during the fourth quarter worth approximately $160,000. First United Bank Trust boosted its stake in Schlumberger N.V. by 9.8% in the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock worth $1,026,000 after buying an additional 1,175 shares during the period. Finally, Jolley Asset Management LLC boosted its stake in Schlumberger N.V. by 10.0% in the first quarter. Jolley Asset Management LLC now owns 44,249 shares of the oil and gas company’s stock worth $3,456,000 after buying an additional 4,037 shares during the period. Institutional investors and hedge funds own 79.14% of the company’s stock.
Schlumberger N.V. (NYSE SLB) traded down 0.03% during trading on Thursday, reaching $65.47. The company had a trading volume of 964,107 shares. Schlumberger N.V. has a 12 month low of $64.15 and a 12 month high of $87.84. The company has a market capitalization of $90.64 billion, a P/E ratio of 515.51 and a beta of 1.02. The firm’s 50 day moving average is $66.52 and its 200-day moving average is $73.90.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, equities analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
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A number of analysts have recently commented on SLB shares. Barclays PLC restated an “overweight” rating and issued a $107.00 price objective on shares of Schlumberger N.V. in a research report on Monday, April 24th. Morgan Stanley boosted their price objective on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $92.00 price objective on shares of Schlumberger N.V. in a research report on Friday, June 30th. Finally, Vetr upgraded Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price objective for the company in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $86.40.
In related news, Director Peter L. S. Currie bought 3,625 shares of the stock in a transaction dated 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 acquisition, the director now owns 31,550 shares of the company’s stock, valued at $2,177,581. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $349,100. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate 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.
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