Schlumberger N.V. (SLB) Shares Bought by Carlton Hofferkamp & Jenks Wealth Management LLC
Carlton Hofferkamp & Jenks Wealth Management LLC raised its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,599 shares of the oil and gas company’s stock after purchasing an additional 401 shares during the quarter. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Schlumberger N.V. were worth $961,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Schlumberger N.V. by 1.1% during the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after buying an additional 769,874 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Schlumberger N.V. by 1.8% during the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after buying an additional 477,006 shares during the period. Clearbridge Investments LLC increased its stake in shares of Schlumberger N.V. by 5.7% during the first quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock valued at $953,974,000 after buying an additional 655,694 shares during the period. American Century Companies Inc. increased its stake in shares of Schlumberger N.V. by 30.8% during the first quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after buying an additional 1,959,214 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in shares of Schlumberger N.V. by 71.4% during the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock valued at $613,696,000 after buying an additional 3,272,127 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.
In other news, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helge Lund purchased 2,800 shares of the firm’s stock in a transaction 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 disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on the company. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Jefferies Group LLC restated a “buy” rating and set a $80.00 price target (down previously from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Credit Suisse Group set a $78.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research lowered Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, BidaskClub upgraded Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Schlumberger N.V. currently has a consensus rating of “Buy” and a consensus target price of $85.80.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.68% on Friday, reaching $67.24. The company’s stock had a trading volume of 11,428,399 shares. The stock has a 50-day moving average price of $65.24 and a 200-day moving average price of $70.65. The company has a market capitalization of $93.10 billion, a price-to-earnings ratio of 529.45 and a beta of 1.03. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year 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 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. On average, equities research analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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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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