Farmers Trust Co. cut its holdings in Schlumberger N.V. (NYSE:SLB) by 1.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,027 shares of the oil and gas company’s stock after selling 140 shares during the period. Farmers Trust Co.’s holdings in Schlumberger N.V. were worth $528,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC lifted its holdings in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the last quarter. MCF Advisors LLC lifted its holdings in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after acquiring an additional 915 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 310 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 520 shares during the last quarter. Finally, Point View Wealth Management Inc. lifted its holdings in Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Scotiabank set a $90.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, July 7th. Iberia Capital cut Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $100.00 to $77.00 in a research note on Thursday, June 29th. Sanford C. Bernstein restated an “outperform” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Finally, Morgan Stanley upped their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $85.80.
Shares of Schlumberger N.V. (NYSE SLB) traded down 0.43% on Tuesday, reaching $67.58. 2,838,778 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $65.22 and its 200-day moving average price is $70.40. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84. The company has a market capitalization of $93.57 billion, a P/E ratio of 532.13 and a beta of 1.03.
Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.95%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
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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.
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