Fayerweather Charles Has $885,000 Holdings in Schlumberger N.V. (SLB)
Fayerweather Charles boosted its stake in shares of Schlumberger N.V. (NYSE:SLB) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,460 shares of the oil and gas company’s stock after buying an additional 935 shares during the period. Schlumberger N.V. accounts for about 1.2% of Fayerweather Charles’ investment portfolio, making the stock its 29th biggest holding. Fayerweather Charles’ holdings in Schlumberger N.V. were worth $885,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of SLB. Tradewinds Capital Management LLC lifted its holdings in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the period. MCF Advisors LLC lifted its holdings in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares during the period. Proficio Capital Partners LLC lifted its holdings in Schlumberger N.V. by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after buying an additional 310 shares during the period. Baystate Wealth Management LLC lifted its holdings in Schlumberger N.V. by 12.7% during the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after buying an additional 305 shares during the period. Finally, Point View Wealth Management Inc. lifted its holdings in Schlumberger N.V. by 6.6% during the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after buying an additional 160 shares during the period. Institutional investors own 78.99% of the company’s stock.
SLB has been the subject of a number of analyst reports. Bank of America Corporation lowered their target price on Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, May 30th. Morgan Stanley upped their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. Sanford C. Bernstein upgraded Schlumberger N.V. from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $94.00 to $80.00 in a report on Thursday, July 6th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Schlumberger N.V. in a report on Saturday, July 22nd. Finally, Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. currently has an average rating of “Buy” and a consensus target price of $85.80.
In other news, Director Michael E. Marks purchased 8,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Helge Lund purchased 2,800 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.
Shares of Schlumberger N.V. (NYSE SLB) traded down 0.68% during midday trading on Friday, reaching $67.24. The company’s stock had a trading volume of 11,428,399 shares. The stock has a market capitalization of $93.10 billion, a price-to-earnings ratio of 529.45 and a beta of 1.03. The company has a 50 day moving average of $65.24 and a 200-day moving average of $70.65. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84.
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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the business posted $0.23 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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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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