Schlumberger N.V. (SLB) Shares Bought by Meyer Handelman Co.
Meyer Handelman Co. increased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 10.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,619 shares of the oil and gas company’s stock after buying an additional 19,084 shares during the period. Meyer Handelman Co.’s holdings in Schlumberger N.V. were worth $13,603,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its position 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 during the last quarter. American Research & Management Co. boosted its position 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 during the last quarter. MCF Advisors LLC boosted its position 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 during the last quarter. Proficio Capital Partners LLC boosted its position in Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 310 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. bought a new position in Schlumberger N.V. during the fourth quarter valued at $160,000. 79.14% of the stock is owned by institutional investors.
Schlumberger N.V. (NYSE SLB) traded down 0.89% on Friday, reaching $63.83. 4,627,489 shares of the company’s stock were exchanged. Schlumberger N.V. has a one year low of $63.74 and a one year high of $87.84. The stock has a market cap of $88.37 billion, a price-to-earnings ratio of 502.60 and a beta of 1.02. The firm has a 50 day moving average of $66.44 and a 200-day moving average of $73.68.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. Equities research analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Scotiabank set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, July 7th. Jefferies Group LLC reaffirmed an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. Cowen and Company reaffirmed an “outperform” rating and set a $99.00 target price on shares of Schlumberger N.V. in a research note 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 target price for the company in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $86.40.
In other news, Director Helge Lund bought 2,800 shares of Schlumberger N.V. stock in a transaction that occurred on Monday, July 24th. The shares were purchased at an average price 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 can be accessed through this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. 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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