Schlumberger N.V. (SLB) Holdings Reduced by Capital Investment Services of America Inc.
Capital Investment Services of America Inc. cut its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 9.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,825 shares of the oil and gas company’s stock after selling 700 shares during the quarter. Capital Investment Services of America Inc.’s holdings in Schlumberger N.V. were worth $449,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of SLB. Tradewinds Capital Management LLC raised 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 valued at $104,000 after acquiring an additional 307 shares during the period. MCF Advisors LLC raised 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 valued at $126,000 after acquiring an additional 915 shares during the period. Proficio Capital Partners LLC raised 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 valued at $145,000 after acquiring an additional 310 shares during the period. Baystate Wealth Management LLC raised its holdings in Schlumberger N.V. by 27.6% during the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 520 shares during the period. Finally, Point View Wealth Management Inc. raised 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 valued at $201,000 after acquiring an additional 160 shares during the period. 78.99% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Helge Lund acquired 2,800 shares of the stock in a transaction that occurred 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 acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
Shares of Schlumberger N.V. (SLB) traded down 0.68% on Friday, hitting $67.24. The company’s stock had a trading volume of 11,428,399 shares. The firm has a market cap of $93.10 billion, a price-to-earnings ratio of 529.45 and a beta of 1.03. The stock has a 50-day moving average price of $65.24 and a 200 day moving average price of $70.65. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during 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 firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $0.23 EPS. Equities research analysts predict that Schlumberger N.V. will post $1.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given 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 payout ratio is currently 1,538.58%.
A number of research firms have commented on SLB. Bank of America Corporation decreased their price target on Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, May 30th. BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, HSBC Holdings plc reissued a “neutral” rating and set a $80.00 price target (down from $86.00) on shares of Schlumberger N.V. in a report on Wednesday, June 21st. 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’s stock. Schlumberger N.V. currently has an average rating of “Buy” and an average target price of $85.80.
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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