Forsta AP Fonden continued to hold its position in Schlumberger N.V. (NYSE:SLB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,551 shares of the oil and gas company’s stock at the end of the second quarter. Forsta AP Fonden’s holdings in Schlumberger N.V. were worth $14,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Architects LLC boosted its stake 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 valued at $313,000 after buying an additional 13 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake 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 valued at $291,000 after buying an additional 18 shares during the last quarter. Syntal Capital Partners LLC boosted its stake 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 valued at $439,000 after buying an additional 29 shares during the last quarter. Family Legacy Inc. boosted its stake 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 valued at $222,000 after buying an additional 30 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its stake 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 valued at $848,000 after buying an additional 36 shares during the last quarter. 79.65% of the stock is currently owned by hedge funds and other institutional investors.

Schlumberger N.V. (NYSE:SLB) traded down 0.21% during trading on Wednesday, hitting $63.22. 2,693,366 shares of the stock were exchanged. Schlumberger N.V. has a 52 week low of $62.87 and a 52 week high of $87.84. The firm’s 50-day moving average is $66.07 and its 200 day moving average is $72.64. The firm has a market cap of $87.53 billion, a PE ratio of 497.80 and a beta of 1.02.

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 company had revenue of $7.46 billion during 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% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. Analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. Schlumberger N.V.’s payout ratio is 1,538.58%.

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SLB has been the subject of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $92.00 target price on shares of Schlumberger N.V. in a research report on Friday, June 30th. UBS AG set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. BMO Capital Markets reiterated a “buy” rating and set a $89.00 target price on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. Scotiabank set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, July 7th. Finally, Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.21.

In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the firm’s 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 completion of the sale, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter L. S. Currie acquired 3,625 shares of Schlumberger N.V. stock in a transaction on Tuesday, May 30th. The shares were purchased at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the purchase, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 14,425 shares of company stock valued at $950,782. 0.38% of the stock is owned by company 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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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