Delaney Dennis R lowered its position in Schlumberger N.V. (NYSE:SLB) by 9.9% during the first quarter, Holdings Channel reports. The fund owned 4,964 shares of the oil and gas company’s stock after selling 548 shares during the period. Delaney Dennis R’s holdings in Schlumberger N.V. were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. First Eagle Investment Management LLC boosted its stake in shares of Schlumberger N.V. by 71.4% in the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock worth $613,696,000 after buying an additional 3,272,127 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Schlumberger N.V. by 30.8% in the first quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock worth $650,264,000 after buying an additional 1,959,214 shares during the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of Schlumberger N.V. by 52.7% in the first quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock worth $352,594,000 after buying an additional 1,557,982 shares during the last quarter. Swiss National Bank boosted its stake in shares of Schlumberger N.V. by 25.8% in the first quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock worth $409,364,000 after buying an additional 1,075,000 shares during the last quarter. Finally, State Street Corp boosted its stake 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 worth $5,655,994,000 after buying an additional 769,874 shares during the last quarter. Hedge funds and other institutional investors own 79.14% of the company’s stock.

Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.89% on Friday, reaching $63.83. 4,627,489 shares of the company traded hands. The stock has a 50 day moving average of $66.44 and a 200 day moving average of $73.68. Schlumberger N.V. has a 52-week low of $63.74 and a 52-week 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.

Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the company posted $0.23 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. On average, 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. Investors of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.

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A number of equities analysts recently commented on SLB shares. Barclays PLC reaffirmed an “overweight” rating and issued a $107.00 price objective on shares of Schlumberger N.V. in a research note on Monday, April 24th. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Vetr raised shares of 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. Deutsche Bank AG decreased their price objective on shares of 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. Finally, Sanford C. Bernstein reaffirmed a “hold” rating on shares of Schlumberger N.V. in a research note on Thursday, May 4th. Two equities research 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 stock. The stock presently has an average rating of “Buy” and an average price target of $86.40.

In other news, Director Peter L. S. Currie purchased 3,625 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was purchased at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the completion of the purchase, the director now directly owns 31,550 shares in the company, valued at approximately $2,177,581. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Helge Lund purchased 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was purchased at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Corporate 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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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