Boston Partners Has $5,789,000 Position in Schlumberger NV (SLB)
Boston Partners boosted its position in shares of Schlumberger NV (NYSE:SLB) by 13.1% during the second quarter, Holdings Channel reports. The institutional investor owned 73,210 shares of the company’s stock after buying an additional 8,479 shares during the period. Boston Partners’ holdings in Schlumberger NV were worth $5,789,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Exxonmobil Investment Management Inc. TX increased its stake in Schlumberger NV by 17.9% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 359,677 shares of the company’s stock worth $28,443,000 after buying an additional 54,547 shares during the last quarter. Geode Capital Management LLC increased its stake in Schlumberger NV by 0.3% in the first quarter. Geode Capital Management LLC now owns 10,381,557 shares of the company’s stock worth $764,118,000 after buying an additional 25,983 shares during the last quarter. Altrinsic Global Advisors LLC increased its stake in Schlumberger NV by 70.5% in the first quarter. Altrinsic Global Advisors LLC now owns 521,904 shares of the company’s stock worth $38,491,000 after buying an additional 215,817 shares during the last quarter. British Columbia Investment Management Corp increased its stake in Schlumberger NV by 12.2% in the second quarter. British Columbia Investment Management Corp now owns 812,789 shares of the company’s stock worth $64,275,000 after buying an additional 88,274 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its stake in Schlumberger NV by 4.1% in the second quarter. Lodestar Investment Counsel LLC IL now owns 204,655 shares of the company’s stock worth $16,184,000 after buying an additional 7,990 shares during the last quarter. Institutional investors own 78.39% of the company’s stock.
Shares of Schlumberger NV (NYSE:SLB) traded down 0.61% on Friday, hitting $76.33. The stock had a trading volume of 7,243,193 shares. The company’s market cap is $106.15 billion. The stock’s 50-day moving average price is $80.45 and its 200 day moving average price is $77.44. Schlumberger NV has a 52 week low of $59.60 and a 52 week high of $83.97.
Schlumberger NV (NYSE:SLB) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The company had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. On average, analysts predict that Schlumberger NV will post $1.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Wednesday, September 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio is currently -168.07%.
A number of research firms have commented on SLB. Vetr downgraded shares of Schlumberger NV from a “strong-buy” rating to a “buy” rating and set a $84.40 price objective for the company. in a report on Tuesday, May 24th. Howard Weil lifted their price objective on shares of Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a report on Monday, July 25th. Zacks Investment Research raised shares of Schlumberger NV from a “strong sell” rating to a “hold” rating in a report on Monday, June 27th. Jefferies Group reaffirmed a “hold” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Schlumberger NV in a report on Monday, July 11th. Finally, Citigroup Inc. decreased their price objective on shares of Schlumberger NV from $92.00 to $90.00 and set a “buy” rating for the company in a report on Monday, September 12th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $90.61.
In other news, Director Michael E. Marks sold 13,600 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $81.19, for a total transaction of $1,104,184.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Stephane Biguet sold 4,227 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $78.52, for a total value of $331,904.04. Following the sale, the vice president now directly owns 7,108 shares in the company, valued at approximately $558,120.16. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
Schlumberger NV Company Profile
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger NV (NYSE:SLB).
Receive News & Ratings for Schlumberger NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger NV and related companies with Analyst Ratings Network's FREE daily email newsletter.