Schlumberger N.V. (SLB) Position Boosted by Dempze Nancy E

Dempze Nancy E increased its position in shares of Schlumberger N.V. (NYSE:SLB) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,860 shares of the oil and gas company’s stock after purchasing an additional 95 shares during the period. Dempze Nancy E’s holdings in Schlumberger N.V. were worth $912,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 worth $104,000 after purchasing an additional 307 shares during the period. 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 worth $126,000 after purchasing an additional 915 shares during the period. 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 worth $145,000 after purchasing an additional 310 shares during the period. Baystate Wealth Management LLC boosted its stake in shares of Schlumberger N.V. by 12.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 305 shares during the period. 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 worth $201,000 after purchasing an additional 160 shares during the period. 78.90% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, with a total value of $513,600.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Helge Lund acquired 2,800 shares of the company’s stock in a transaction on Monday, July 24th. The stock was purchased 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. Insiders own 0.38% of the company’s stock.

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Shares of Schlumberger N.V. (NYSE SLB) opened at 67.89 on Wednesday. The stock has a 50 day moving average of $65.20 and a 200 day moving average of $70.30. The stock has a market capitalization of $94.00 billion, a P/E ratio of 534.57 and a beta of 1.03. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Equities research analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current fiscal 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. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.95%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.

A number of equities analysts recently commented on the stock. J P Morgan Chase & Co dropped their price target on shares of Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $74.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Argus began coverage on shares of Schlumberger N.V. in a research note on Monday, August 21st. They set a “buy” rating for the company. Two 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 stock presently has a consensus rating of “Buy” and an average price target of $85.80.

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.

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

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