Benjamin F. Edwards & Company Inc. Raises Position in Schlumberger N.V. (SLB)
Benjamin F. Edwards & Company Inc. increased its position in shares of Schlumberger N.V. (NYSE:SLB) by 26.6% during the third quarter, Holdings Channel reports. The institutional investor owned 12,136 shares of the company’s stock after buying an additional 2,547 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Schlumberger N.V. were worth $954,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Dynamic Advisors Solutions LLC raised its stake in shares of Schlumberger N.V. by 0.3% in the third quarter. Dynamic Advisors Solutions LLC now owns 6,195 shares of the company’s stock worth $487,000 after buying an additional 18 shares in the last quarter. FormulaFolio Investments LLC raised its stake in shares of Schlumberger N.V. by 0.6% in the second quarter. FormulaFolio Investments LLC now owns 3,319 shares of the company’s stock worth $262,000 after buying an additional 20 shares in the last quarter. M Holdings Securities Inc. raised its stake in shares of Schlumberger N.V. by 0.8% in the second quarter. M Holdings Securities Inc. now owns 3,815 shares of the company’s stock worth $302,000 after buying an additional 31 shares in the last quarter. Bowling Portfolio Management LLC raised its stake in shares of Schlumberger N.V. by 0.5% in the second quarter. Bowling Portfolio Management LLC now owns 6,354 shares of the company’s stock worth $502,000 after buying an additional 33 shares in the last quarter. Finally, Buckingham Asset Management LLC raised its stake in shares of Schlumberger N.V. by 0.3% in the third quarter. Buckingham Asset Management LLC now owns 10,726 shares of the company’s stock worth $843,000 after buying an additional 36 shares in the last quarter. 77.77% of the stock is owned by institutional investors and hedge funds.
Schlumberger N.V. (NYSE:SLB) traded down 0.60% during trading on Friday, reaching $84.82. 5,117,597 shares of the company were exchanged. The firm’s 50-day moving average is $84.70 and its 200 day moving average is $80.90. Schlumberger N.V. has a one year low of $59.60 and a one year high of $87.00. The company has a market capitalization of $106.57 billion, a P/E ratio of 52.04 and a beta of 1.10.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Thursday, October 20th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.03. The firm earned $7 billion during the quarter, compared to the consensus estimate of $7.24 billion. Schlumberger N.V. had a negative net margin of 8.78% and a positive return on equity of 5.06%. The company’s revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. On average, analysts anticipate that Schlumberger N.V. will post $1.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, December 7th were given a $0.50 dividend. The ex-dividend date was Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.36%. Schlumberger N.V.’s dividend payout ratio (DPR) is currently -108.70%.
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A number of analysts recently weighed in on the stock. Jefferies Group raised shares of Schlumberger N.V. from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. Vetr raised shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $95.37 price objective on the stock in a research note on Wednesday, December 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Schlumberger N.V. in a research note on Thursday. Guggenheim reaffirmed a “buy” rating on shares of Schlumberger N.V. in a research note on Thursday, November 10th. Finally, Sanford C. Bernstein began coverage on shares of Schlumberger N.V. in a research note on Thursday, December 1st. They issued a “market perform” rating and a $92.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $91.90.
In other news, VP Stephane Biguet sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $79.73, for a total value of $239,190.00. Following the completion of the transaction, the vice president now directly owns 10,108 shares in the company, valued at $805,910.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gerard Martellozo sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $84.83, for a total transaction of $424,150.00. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.
About Schlumberger N.V.
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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