Thompson Rubinstein Investment Management Inc. OR raised its position in Schlumberger N.V. (NYSE:SLB) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,506 shares of the oil and gas company’s stock after purchasing an additional 4,971 shares during the quarter. Schlumberger N.V. accounts for approximately 1.9% of Thompson Rubinstein Investment Management Inc. OR’s portfolio, making the stock its 18th largest holding. Thompson Rubinstein Investment Management Inc. OR’s holdings in Schlumberger N.V. were worth $5,235,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in SLB. Wealth Architects LLC grew its stake in shares of Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock valued at $313,000 after buying an additional 13 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management grew its stake in shares of Schlumberger N.V. by 0.5% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock valued at $291,000 after buying an additional 18 shares in the last quarter. Syntal Capital Partners LLC grew its stake in shares of Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after buying an additional 29 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Schlumberger N.V. by 1.0% in the first quarter. North Star Investment Management Corp. now owns 3,965 shares of the oil and gas company’s stock valued at $310,000 after buying an additional 39 shares in the last quarter. Finally, Winch Advisory Services LLC grew its stake in shares of Schlumberger N.V. by 1.2% in the first quarter. Winch Advisory Services LLC now owns 5,552 shares of the oil and gas company’s stock valued at $434,000 after buying an additional 65 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.
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In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of Schlumberger N.V. stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Helge Lund bought 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.
A number of research firms have recently issued reports on SLB. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. J P Morgan Chase & Co lowered their target price on Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday. BidaskClub lowered Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, Instinet reiterated a “buy” rating and issued a $78.00 target price (down previously from $85.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $85.80.
Shares of Schlumberger N.V. (SLB) traded down 0.68% during mid-day trading on Friday, hitting $67.24. The company had a trading volume of 11,428,399 shares. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84. The firm’s 50 day moving average is $65.24 and its 200-day moving average is $70.65. The firm has a market cap of $93.10 billion, a PE ratio of 529.45 and a beta of 1.03.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 EPS. On average, equities analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is currently 1,538.58%.
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.
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