Schlumberger N.V. (SLB) Stake Increased by NS Partners Ltd
NS Partners Ltd raised its stake in Schlumberger N.V. (NYSE:SLB) by 0.0% during the first quarter, Holdings Channel reports. The firm owned 107,794 shares of the oil and gas company’s stock after buying an additional 7 shares during the period. NS Partners Ltd’s holdings in Schlumberger N.V. were worth $8,419,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of SLB. M Holdings Securities Inc. boosted its stake in Schlumberger N.V. by 1.6% in the fourth quarter. M Holdings Securities Inc. now owns 3,976 shares of the oil and gas company’s stock valued at $334,000 after buying an additional 62 shares during the period. Whalerock Point Partners LLC boosted its stake in Schlumberger N.V. by 10.3% in the fourth quarter. Whalerock Point Partners LLC now owns 11,045 shares of the oil and gas company’s stock valued at $928,000 after buying an additional 1,028 shares during the period. HighPoint Advisor Group LLC boosted its stake in Schlumberger N.V. by 1.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,853 shares of the oil and gas company’s stock valued at $564,000 after buying an additional 130 shares during the period. USA Financial Portformulas Corp acquired a new stake in Schlumberger N.V. during the fourth quarter valued at about $468,000. Finally, Perigon Wealth Management LLC boosted its stake in Schlumberger N.V. by 70.5% in the fourth quarter. Perigon Wealth Management LLC now owns 28,415 shares of the oil and gas company’s stock valued at $2,293,000 after buying an additional 11,753 shares during the period. 79.14% of the stock is owned by institutional investors.
Schlumberger N.V. (NYSE:SLB) traded down 0.28% during mid-day trading on Friday, hitting $64.22. The stock had a trading volume of 1,168,161 shares. The company has a 50-day moving average of $66.49 and a 200-day moving average of $73.83. The firm has a market cap of $88.91 billion, a PE ratio of 505.67 and a beta of 1.02. Schlumberger N.V. has a 12-month low of $64.04 and a 12-month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
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Several equities research analysts have issued reports on the company. Deutsche Bank AG cut their target price on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, April 18th. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Jefferies Group LLC reaffirmed an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. HSBC Holdings plc began coverage on Schlumberger N.V. in a research note on Wednesday, April 19th. They issued a “hold” rating and a $90.00 price objective for the company. Finally, Vetr raised 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 note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus price target of $86.40.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the transaction, the president now owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was acquired 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. Company insiders own 0.38% of the company’s stock.
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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