America First Investment Advisors LLC Has $9.65 Million Holdings in Schlumberger N.V. (SLB)

America First Investment Advisors LLC raised its position in shares of Schlumberger N.V. (NYSE:SLB) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,611 shares of the oil and gas company’s stock after acquiring an additional 22,346 shares during the period. Schlumberger N.V. makes up about 3.6% of America First Investment Advisors LLC’s investment portfolio, making the stock its 19th largest position. America First Investment Advisors LLC’s holdings in Schlumberger N.V. were worth $9,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Jolley Asset Management LLC grew its holdings in shares of Schlumberger N.V. by 10.0% in the first quarter. Jolley Asset Management LLC now owns 44,249 shares of the oil and gas company’s stock worth $3,456,000 after purchasing an additional 4,037 shares during the last quarter. Hartford Financial Management Inc. grew its holdings in shares of Schlumberger N.V. by 23.0% in the first quarter. Hartford Financial Management Inc. now owns 3,631 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 680 shares during the last quarter. Bollard Group LLC grew its holdings in shares of Schlumberger N.V. by 10.3% in the first quarter. Bollard Group LLC now owns 16,134 shares of the oil and gas company’s stock worth $1,260,000 after purchasing an additional 1,504 shares during the last quarter. Candriam Luxembourg S.C.A. grew its holdings in shares of Schlumberger N.V. by 2.4% in the first quarter. Candriam Luxembourg S.C.A. now owns 273,890 shares of the oil and gas company’s stock worth $21,392,000 after purchasing an additional 6,546 shares during the last quarter. Finally, Bright Rock Capital Management LLC grew its holdings in shares of Schlumberger N.V. by 12.0% in the first quarter. Bright Rock Capital Management LLC now owns 103,000 shares of the oil and gas company’s stock worth $8,044,000 after purchasing an additional 11,000 shares during the last quarter. Institutional investors and hedge funds own 78.90% of the company’s stock.

In other news, Director Michael E. Marks acquired 8,000 shares of Schlumberger N.V. stock in a transaction on Friday, August 11th. The stock was bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helge Lund acquired 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The stock was purchased 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. 0.38% of the stock is currently owned by insiders.

A number of research firms have recently commented on SLB. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Credit Suisse Group set a $78.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $80.00 price target (down from $92.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $85.80.

Shares of Schlumberger N.V. (NYSE SLB) traded up 0.037% during trading on Wednesday, reaching $67.915. 2,627,644 shares of the company traded hands. The stock’s 50 day moving average is $65.20 and its 200 day moving average is $70.30. The company has a market capitalization of $94.03 billion, a price-to-earnings ratio of 534.764 and a beta of 1.03. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84.

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 for the quarter, beating the Zacks’ 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 company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.

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

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