Beck Mack & Oliver LLC trimmed its stake in Schlumberger N.V. (NYSE:SLB) by 0.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 920,691 shares of the oil and gas company’s stock after selling 8,085 shares during the quarter. Schlumberger N.V. makes up about 2.0% of Beck Mack & Oliver LLC’s portfolio, making the stock its 20th biggest holding. Beck Mack & Oliver LLC owned 0.07% of Schlumberger N.V. worth $60,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its stake in shares of Schlumberger N.V. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 307 shares during the period. MCF Advisors LLC boosted its stake in shares of Schlumberger N.V. by 130.3% during the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after acquiring an additional 915 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Schlumberger N.V. by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 310 shares during the period. Independence Advisors LLC bought a new position in shares of Schlumberger N.V. during the 2nd quarter worth approximately $288,000. Finally, Baystate Wealth Management LLC boosted its stake in shares of Schlumberger N.V. by 27.6% during the 1st quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after acquiring an additional 520 shares during the period. Hedge funds and other institutional investors own 78.90% of the company’s stock.

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Shares of Schlumberger N.V. (NYSE SLB) opened at 68.80 on Friday. The firm has a 50 day moving average price of $65.20 and a 200-day moving average price of $70.30. Schlumberger N.V. has a 52-week low of $62.56 and a 52-week high of $87.84. The company has a market cap of $95.26 billion, a price-to-earnings ratio of 541.73 and a beta of 1.03.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Schlumberger N.V. will post $1.53 earnings per share 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 given a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.91%. Schlumberger N.V.’s payout ratio is 1,538.58%.

In related news, Director Michael E. Marks acquired 8,000 shares of the firm’s 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Helge Lund acquired 2,800 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was bought 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. Company insiders own 0.38% of the company’s stock.

Several brokerages have recently commented on SLB. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $78.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 target price (down from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Zacks Investment Research downgraded 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 analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $85.80.

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.

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

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