Schlumberger N.V. (SLB) Shares Sold by Proffitt & Goodson Inc.

Proffitt & Goodson Inc. lowered its stake in Schlumberger N.V. (NYSE:SLB) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,798 shares of the oil and gas company’s stock after selling 869 shares during the quarter. Proffitt & Goodson Inc.’s holdings in Schlumberger N.V. were worth $974,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC increased its stake in shares of Schlumberger N.V. by 107.8% in the 2nd quarter. Great Lakes Advisors LLC now owns 1,225,012 shares of the oil and gas company’s stock valued at $80,654,000 after acquiring an additional 635,413 shares in the last quarter. Merriman Wealth Management LLC increased its stake in shares of Schlumberger N.V. by 129.1% in the 2nd quarter. Merriman Wealth Management LLC now owns 64,820 shares of the oil and gas company’s stock valued at $4,268,000 after acquiring an additional 36,523 shares in the last quarter. First Interstate Bank increased its stake in shares of Schlumberger N.V. by 0.7% in the 2nd quarter. First Interstate Bank now owns 74,250 shares of the oil and gas company’s stock valued at $4,889,000 after acquiring an additional 500 shares in the last quarter. TRUE Private Wealth Advisors increased its stake in shares of Schlumberger N.V. by 10.1% in the 2nd quarter. TRUE Private Wealth Advisors now owns 4,354 shares of the oil and gas company’s stock valued at $288,000 after acquiring an additional 400 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Schlumberger N.V. by 5.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 81,004 shares of the oil and gas company’s stock valued at $5,333,000 after acquiring an additional 4,090 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.

Shares of Schlumberger N.V. (NYSE SLB) opened at $65.74 on Friday. Schlumberger N.V. has a 52 week low of $61.40 and a 52 week high of $87.84. The stock has a market capitalization of $92,660.17, a PE ratio of 51.85, a P/E/G ratio of 2.04 and a beta of 1.02. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. equities analysts anticipate that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Friday. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Schlumberger N.V. in a research note on Tuesday, October 31st. BidaskClub lowered shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, Loop Capital decreased their price target on shares of Schlumberger N.V. from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. has a consensus rating of “Buy” and an average price target of $80.08.

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In other news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now directly owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

About Schlumberger N.V.

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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