Several other large investors also recently bought and sold shares of the company. Smith Asset Management Group LP boosted its stake in Schlumberger N.V. by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock worth $101,000 after buying an additional 80 shares during the period. WealthTrust Arizona LLC raised its position in Schlumberger N.V. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock worth $112,000 after buying an additional 74 shares in the last quarter. Roble Belko & Company Inc raised its position in Schlumberger N.V. by 5.5% in the third quarter. Roble Belko & Company Inc now owns 1,445 shares of the company’s stock worth $114,000 after buying an additional 75 shares in the last quarter. Jacobus Wealth Management Inc. acquired a new position in Schlumberger N.V. during the third quarter worth $118,000. Finally, Howe & Rusling Inc. raised its position in Schlumberger N.V. by 10.1% in the second quarter. Howe & Rusling Inc. now owns 1,553 shares of the company’s stock worth $123,000 after buying an additional 143 shares in the last quarter. 79.09% of the stock is currently owned by institutional investors.
Usca Ria LLC cut its position in Schlumberger N.V. (NYSE:SLB) by 67.6% during the third quarter, according to its most recent filing with the SEC. The fund owned 7,452 shares of the company’s stock after selling 15,515 shares during the period. Usca Ria LLC’s holdings in Schlumberger N.V. were worth $586,000 at the end of the most recent quarter.
Schlumberger N.V. (NYSE:SLB) traded up 1.17% during midday trading on Friday, hitting $82.16. 6,199,901 shares of the stock were exchanged. Schlumberger N.V. has a 12 month low of $70.39 and a 12 month high of $87.84. The firm’s 50 day moving average price is $84.42 and its 200 day moving average price is $81.56. The company’s market cap is $114.32 billion.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.27. Schlumberger N.V. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The company earned $7.11 billion during the quarter. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts forecast that Schlumberger N.V. will post $1.79 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%. Schlumberger N.V.’s payout ratio is -169.49%.
A number of research firms recently weighed in on SLB. Evercore ISI reiterated a “buy” rating and issued a $99.00 price objective on shares of Schlumberger N.V. in a research note on Tuesday, January 31st. Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $94.95 price objective for the company in a research note on Monday, January 30th. Jefferies Group LLC lifted their price objective on shares of Schlumberger N.V. from $96.00 to $99.00 and gave the company a “buy” rating in a research note on Friday, January 27th. Finally, Deutsche Bank AG set a $101.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Monday, January 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $95.46.
In other news, VP Imran Kizilbash sold 134,091 shares of the business’s stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $86.35, for a total value of $11,578,757.85. Following the completion of the sale, the vice president now owns 78,084 shares in the company, valued at approximately $6,742,553.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark Danton sold 2,430 shares of the business’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $86.09, for a total transaction of $209,198.70. The disclosure for this sale can be found here. Insiders have sold a total of 243,098 shares of company stock valued at $20,759,340 in the last quarter. 0.36% of the stock is currently owned by company insiders.
Schlumberger N.V. Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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