Schwab Charles Investment Management Inc. Buys 215,994 Shares of Schlumberger N.V. (NYSE:SLB)
Schwab Charles Investment Management Inc. increased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 4.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,613,212 shares of the oil and gas company’s stock after buying an additional 215,994 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Schlumberger N.V. were worth $360,292,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its stake 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 stake 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. MCF Advisors LLC boosted its stake 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. Jackson Grant Investment Advisers Inc. bought a new stake in Schlumberger N.V. during the fourth quarter valued at approximately $160,000. Finally, Baystate Wealth Management LLC boosted its stake in Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 520 shares in the last quarter. 79.14% of the stock is owned by hedge funds and other institutional investors.
Schlumberger N.V. (NYSE SLB) traded down 0.19% during mid-day trading on Friday, hitting $64.28. The stock had a trading volume of 916,768 shares. The company has a 50 day moving average price of $66.49 and a 200 day moving average price of $73.83. Schlumberger N.V. has a one year low of $64.04 and a one year high of $87.84. The stock has a market cap of $89.00 billion, a P/E ratio of 506.14 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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%. Schlumberger N.V.’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. On average, equities analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid 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 3.11%. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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Several equities research analysts recently commented on the company. Zacks Investment Research raised 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 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 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. currently has an average rating of “Buy” and a consensus price target of $86.40.
In related news, President Aaron Gatt Floridia sold 40,000 shares of the 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 owns 96,175 shares in the company, valued at $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the sale, the director now owns 5,000 shares in the company, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate 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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