BB&T Corp lowered its stake in Schlumberger N.V. (NYSE:SLB) by 15.7% during the second quarter, Holdings Channel reports. The institutional investor owned 255,656 shares of the oil and gas company’s stock after selling 47,681 shares during the period. BB&T Corp’s holdings in Schlumberger N.V. were worth $16,832,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SLB. State Street Corp raised its position in shares of Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after buying an additional 769,874 shares in the last quarter. Dodge & Cox acquired a new position in Schlumberger N.V. during the fourth quarter valued at approximately $3,954,205,000. Bank of New York Mellon Corp raised its position in Schlumberger N.V. by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after buying an additional 477,006 shares during the period. Norges Bank acquired a new position in Schlumberger N.V. during the fourth quarter valued at approximately $1,178,888,000. Finally, Clearbridge Investments LLC raised its position in Schlumberger N.V. by 5.7% in the first quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock valued at $953,974,000 after buying an additional 655,694 shares during the period. 79.14% of the stock is owned by institutional investors.

Shares of Schlumberger N.V. (SLB) traded down 0.15% during trading on Thursday, hitting $65.39. 2,625,415 shares of the stock traded hands. The company has a market cap of $90.53 billion, a PE ratio of 514.88 and a beta of 1.02. The company has a 50 day moving average of $66.52 and a 200-day moving average of $73.90. Schlumberger N.V. has a 1-year low of $64.15 and a 1-year high of $87.84.

Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. 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 paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.05%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.

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Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Scotiabank set a $90.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, July 7th. Jefferies Group LLC reaffirmed an “equal weight” rating on shares of Schlumberger N.V. in a report on Friday, April 14th. Cowen and Company reaffirmed an “outperform” rating and issued a $99.00 price target on shares of Schlumberger N.V. in a report on Tuesday, April 25th. Finally, Vetr raised shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target for the company in a report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.40.

In other news, Director Helge Lund bought 2,800 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of 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 company 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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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