NTV Asset Management LLC boosted its holdings in Schlumberger N.V. (NYSE:SLB) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,359 shares of the oil and gas company’s stock after buying an additional 3,809 shares during the period. NTV Asset Management LLC’s holdings in Schlumberger N.V. were worth $2,328,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Valley National Advisers Inc. raised its holdings in Schlumberger N.V. by 0.3% in the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock worth $171,000 after purchasing an additional 8 shares during the period. Wealth Architects LLC raised its holdings in Schlumberger N.V. by 0.3% in the first quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 13 shares during the period. Syntal Capital Partners LLC raised its holdings in Schlumberger N.V. by 0.5% in the first quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock worth $439,000 after purchasing an additional 29 shares during the period. Family Legacy Inc. raised its holdings in Schlumberger N.V. by 0.9% in the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 30 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in Schlumberger N.V. by 0.3% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after purchasing an additional 36 shares during the period. Institutional investors and hedge funds own 79.13% of the company’s stock.
Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of Schlumberger N.V. in a report on Friday, October 20th. Piper Jaffray Companies set a $74.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Saturday, October 21st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Finally, Credit Suisse Group set a $71.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Monday, October 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Schlumberger N.V. has an average rating of “Buy” and an average target price of $79.31.
In other news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.38% of the company’s stock.
Shares of Schlumberger N.V. (NYSE SLB) opened at $62.78 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.20 and a current ratio of 1.53. The stock has a market cap of $91,067.12, a PE ratio of 50.96, a PEG ratio of 2.01 and a beta of 1.02. Schlumberger N.V. has a 12 month low of $61.40 and a 12 month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. Schlumberger N.V.’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.25 EPS. research analysts forecast that Schlumberger N.V. will post 1.47 earnings per share for the current year.
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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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