Beacon Financial Group boosted its stake in Schlumberger N.V. (NYSE:SLB) by 6.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,390 shares of the oil and gas company’s stock after purchasing an additional 1,119 shares during the quarter. Beacon Financial Group’s holdings in Schlumberger N.V. were worth $1,268,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Wealth Architects LLC grew its holdings in 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 purchasing an additional 13 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management grew its holdings in 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 purchasing an additional 18 shares during the period. Syntal Capital Partners LLC grew its holdings in 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 purchasing an additional 29 shares during the period. North Star Investment Management Corp. grew its holdings in Schlumberger N.V. by 1.0% in the first quarter. North Star Investment Management Corp. now owns 3,965 shares of the oil and gas company’s stock worth $310,000 after purchasing an additional 39 shares during the period. Finally, Winch Advisory Services LLC grew its holdings in Schlumberger N.V. by 1.2% in the first quarter. Winch Advisory Services LLC now owns 5,552 shares of the oil and gas company’s stock worth $434,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.

Shares of Schlumberger N.V. (NYSE SLB) traded down 0.68% during mid-day trading on Friday, reaching $67.24. 11,428,399 shares of the company’s stock traded hands. The stock has a market cap of $93.10 billion, a price-to-earnings ratio of 529.45 and a beta of 1.03. The firm’s 50 day moving average price is $65.24 and its 200-day moving average price is $70.65. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Equities research analysts forecast that Schlumberger N.V. will post $1.51 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.

SLB has been the subject of a number of research reports. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub cut shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Wells Fargo & Company restated an “outperform” rating on shares of Schlumberger N.V. in a report on Monday, July 10th. Barclays PLC cut shares of Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $98.00 to $73.00 in a report on Wednesday, June 21st. Finally, Sanford C. Bernstein upgraded shares of Schlumberger N.V. from a “market perform” rating to an “outperform” rating and reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $85.80.

In other Schlumberger N.V. news, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Helge Lund acquired 2,800 shares of the stock in a transaction dated Monday, July 24th. The stock was acquired 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. 0.38% of the stock is currently owned by corporate insiders.

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Schlumberger N.V. 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.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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