Pacer Advisors Inc. acquired a new stake in shares of Schlumberger N.V. (NYSE:SLB) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 29,252 shares of the oil and gas company’s stock, valued at approximately $1,926,000.

Several other hedge funds also recently added to or reduced their stakes in SLB. Tradewinds Capital Management LLC grew its position 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 buying an additional 307 shares in the last quarter. MCF Advisors LLC grew its position 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 buying an additional 915 shares in the last quarter. Proficio Capital Partners LLC grew its position 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 buying an additional 310 shares in the last quarter. Valley National Advisers Inc. grew its position in shares of Schlumberger N.V. by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after buying an additional 8 shares in the last quarter. Finally, Baystate Wealth Management LLC grew its position in shares of Schlumberger N.V. by 12.7% during the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after buying an additional 305 shares in the last quarter. 79.13% of the stock is owned by institutional investors and hedge funds.

Shares of Schlumberger N.V. (NYSE:SLB) opened at $65.74 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. Schlumberger N.V. has a 1 year low of $61.40 and a 1 year high of $87.84. The company has a market cap of $91,067.12, a PE ratio of 50.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02.

Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger N.V.’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the business posted $0.25 EPS. equities analysts anticipate that Schlumberger N.V. will post 1.47 EPS for the current year.

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A number of equities analysts have commented on the stock. Piper Jaffray Companies set a $74.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Saturday, October 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Jefferies Group LLC set a $80.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, August 25th. Scotiabank set a $80.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Saturday, October 21st. Finally, Deutsche Bank AG assumed coverage on shares of Schlumberger N.V. in a report on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. presently has an average rating of “Buy” and an average target price of $80.08.

In related news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger N.V. stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

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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