McKinley Carter Wealth Services Inc. reduced its stake in shares of Schlumberger N.V. (NYSE:SLB) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,310 shares of the oil and gas company’s stock after selling 462 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Schlumberger N.V. were worth $284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Schlumberger N.V. by 1.1% during the 1st quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock worth $5,655,994,000 after purchasing an additional 769,874 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Schlumberger N.V. by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock worth $2,082,673,000 after purchasing an additional 477,006 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Schlumberger N.V. by 103.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after purchasing an additional 8,167,945 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Schlumberger N.V. by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock worth $953,974,000 after purchasing an additional 655,694 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Schlumberger N.V. by 33.5% during the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after purchasing an additional 2,791,675 shares during the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.

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Shares of Schlumberger N.V. (SLB) opened at $62.78 on Wednesday. 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 capitalization of $91,067.12, a P/E 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 released its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. equities research analysts anticipate that Schlumberger N.V. will post 1.47 EPS for the current year.

A number of research firms have commented on SLB. Piper Jaffray Companies set a $74.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Saturday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Jefferies Group LLC set a $80.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, August 25th. Scotiabank set a $80.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a research note on Saturday, October 21st. Finally, Deutsche Bank AG began coverage on Schlumberger N.V. in a research note on Tuesday, October 10th. They issued a “buy” rating and a $78.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $79.31.

In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $93,945. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.38% of the company’s stock.

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.

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

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