Schlumberger N.V. (NYSE:SLB) Shares Bought by Level Four Advisory Services LLC
Level Four Advisory Services LLC boosted its stake in Schlumberger N.V. (NYSE:SLB) by 433.6% during the first quarter, Holdings Channel reports. The firm owned 20,761 shares of the oil and gas company’s stock after buying an additional 16,870 shares during the period. Level Four Advisory Services LLC’s holdings in Schlumberger N.V. were worth $1,623,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Schlumberger N.V. during the fourth quarter valued at approximately $3,782,000. Kentucky Retirement Systems purchased a new position in Schlumberger N.V. during the fourth quarter valued at approximately $8,476,000. Teachers Advisors LLC raised its position in Schlumberger N.V. by 16.5% in the fourth quarter. Teachers Advisors LLC now owns 3,478,496 shares of the oil and gas company’s stock valued at $292,020,000 after buying an additional 492,962 shares during the period. Becker Capital Management Inc. raised its position in Schlumberger N.V. by 0.6% in the fourth quarter. Becker Capital Management Inc. now owns 368,990 shares of the oil and gas company’s stock valued at $30,977,000 after buying an additional 2,082 shares during the period. Finally, M Holdings Securities Inc. raised its position 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. 79.14% of the stock is currently owned by institutional investors.
Schlumberger N.V. (NYSE:SLB) traded down 0.89% during trading on Friday, hitting $63.83. The stock had a trading volume of 4,627,489 shares. The stock has a market cap of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02. Schlumberger N.V. has a 1-year low of $63.74 and a 1-year high of $87.84. The firm’s 50-day moving average price is $66.44 and its 200-day moving average price is $73.68.
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 business 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 company’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.23 EPS. On average, equities research analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The business also recently disclosed 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 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
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Several research analysts have weighed in on the company. BidaskClub downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Loop Capital lowered their target price on Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 25th. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. Finally, Instinet reiterated a “buy” rating and issued a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $86.40.
In other news, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the sale, the president now directly owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Helge Lund acquired 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Company 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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