Park Avenue Securities LLC acquired a new stake in Schlumberger N.V. (NYSE:SLB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,747 shares of the oil and gas company’s stock, valued at approximately $456,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its stake in shares of 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 purchasing an additional 307 shares in the last quarter. MCF Advisors LLC increased its stake in shares of 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 purchasing an additional 915 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of 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 purchasing an additional 310 shares in the last quarter. Independence Advisors LLC purchased a new stake in shares of Schlumberger N.V. during the second quarter worth about $288,000. Finally, Baystate Wealth Management LLC increased its stake in shares of 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 worth $191,000 after purchasing an additional 520 shares in the last quarter. 78.90% of the stock is owned by institutional investors.

A number of research firms have recently commented on SLB. J P Morgan Chase & Co cut their target price on shares of Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. BMO Capital Markets reissued a “buy” rating and set a $74.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Jefferies Group LLC set a $80.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Argus began coverage on shares of Schlumberger N.V. in a research note on Monday, August 21st. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Schlumberger N.V. presently has a consensus rating of “Buy” and an average target price of $85.80.

Schlumberger N.V. (NYSE SLB) opened at 69.65 on Tuesday. The stock has a 50 day moving average of $65.20 and a 200 day moving average of $70.30. The firm has a market capitalization of $96.43 billion, a price-to-earnings ratio of 548.43 and a beta of 1.03. 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 released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the firm earned $0.23 earnings per share. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Schlumberger N.V. will post $1.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a yield of 2.87%. Schlumberger N.V.’s payout ratio is 1,538.58%.

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In related news, Director Helge Lund bought 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael E. Marks bought 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.

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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