Dubuque Bank & Trust Co. Raises Position in Schlumberger N.V. (NYSE:SLB)
Dubuque Bank & Trust Co. boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,771 shares of the oil and gas company’s stock after buying an additional 9,739 shares during the period. Schlumberger N.V. makes up approximately 1.5% of Dubuque Bank & Trust Co.’s holdings, making the stock its 20th largest position. Dubuque Bank & Trust Co.’s holdings in Schlumberger N.V. were worth $6,766,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealth Architects LLC raised its position in shares of Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock worth $313,000 after buying an additional 13 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of Schlumberger N.V. by 0.5% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock worth $291,000 after buying an additional 18 shares in the last quarter. Syntal Capital Partners LLC raised its position in shares of Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock worth $439,000 after buying an additional 29 shares in the last quarter. Family Legacy Inc. raised its position in shares of Schlumberger N.V. by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after buying an additional 30 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Schlumberger N.V. by 0.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after buying an additional 36 shares in the last quarter. 79.14% of the stock is currently owned by institutional investors and hedge funds.
Schlumberger N.V. (SLB) traded down 0.89% during midday trading on Friday, hitting $63.83. The company had a trading volume of 4,627,489 shares. The stock’s 50-day moving average price is $66.44 and its 200-day moving average price is $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 PE ratio of 502.60 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly 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. The business had revenue of $7.46 billion for 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 EPS. On average, equities research analysts expect that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is currently 1,538.58%.
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A number of research analysts have recently weighed in on the company. Evercore ISI set a $93.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a report on Saturday, April 22nd. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Credit Suisse Group set a $78.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price objective (down from $92.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Finally, Zacks Investment Research lowered Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. 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 given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $86.40.
In related 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the company’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 value 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.
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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