Factory Mutual Insurance Co. Has $86.71 Million Holdings in Schlumberger N.V. (SLB)

Factory Mutual Insurance Co. boosted its stake in Schlumberger N.V. (NYSE:SLB) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,317,003 shares of the oil and gas company’s stock after acquiring an additional 20,000 shares during the quarter. Factory Mutual Insurance Co. owned about 0.09% of Schlumberger N.V. worth $86,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLB. Tradewinds Capital Management LLC boosted its stake in shares of Schlumberger N.V. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Schlumberger N.V. by 130.3% during the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Schlumberger N.V. by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 310 shares during the last quarter. Baystate Wealth Management LLC boosted its stake in shares of Schlumberger N.V. by 27.6% during the 1st quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 520 shares during the last quarter. Finally, Point View Wealth Management Inc. boosted its stake in shares of Schlumberger N.V. by 6.6% during the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.

Shares of Schlumberger N.V. (SLB) traded up 0.79% on Monday, hitting $67.77. The stock had a trading volume of 2,890,950 shares. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The firm has a 50 day moving average price of $65.24 and a 200-day moving average price of $70.65. The company has a market cap of $93.83 billion, a price-to-earnings ratio of 533.62 and a beta of 1.03.

Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. Analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.97%. Schlumberger N.V.’s payout ratio is 1,538.58%.

In other Schlumberger N.V. news, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Helge Lund acquired 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was acquired at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

SLB has been the subject of several research analyst reports. Bank of America Corporation reduced their target price on Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating for the company in a research note on Tuesday, May 30th. 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. Barclays PLC cut Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $98.00 to $73.00 in a research note on Wednesday, June 21st. Morgan Stanley increased their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 21st. Finally, HSBC Holdings plc reiterated a “neutral” rating and set a $80.00 target price (down from $86.00) on shares of Schlumberger N.V. in a research note on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $85.80.

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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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