Capital Planning Advisors LLC Sells 50 Shares of Schlumberger NV (SLB)
Capital Planning Advisors LLC reduced its stake in shares of Schlumberger NV (NYSE:SLB) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,570 shares of the company’s stock after selling 50 shares during the period. Capital Planning Advisors LLC’s holdings in Schlumberger NV were worth $361,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. State Street Corp raised its stake in shares of Schlumberger NV by 2.6% in the first quarter. State Street Corp now owns 57,778,375 shares of the company’s stock valued at $4,261,159,000 after buying an additional 1,485,126 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Schlumberger NV during the first quarter valued at about $46,113,000. Virginia Retirement System purchased a new stake in shares of Schlumberger NV during the first quarter valued at about $31,620,000. Loomis Sayles & Co. L P raised its stake in shares of Schlumberger NV by 6.4% in the first quarter. Loomis Sayles & Co. L P now owns 6,755,690 shares of the company’s stock valued at $498,233,000 after buying an additional 408,901 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Schlumberger NV by 3.8% in the first quarter. Franklin Resources Inc. now owns 10,531,372 shares of the company’s stock valued at $776,689,000 after buying an additional 389,754 shares during the last quarter. Hedge funds and other institutional investors own 78.39% of the company’s stock.
Schlumberger NV (NYSE:SLB) traded down 0.61% during trading on Friday, hitting $76.33. The stock had a trading volume of 7,243,193 shares. The company’s 50 day moving average is $80.45 and its 200 day moving average is $77.44. The firm’s market cap is $106.15 billion. Schlumberger NV has a 52-week low of $59.60 and a 52-week high of $83.97.
Schlumberger NV (NYSE:SLB) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. The company earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. Equities research analysts forecast that Schlumberger NV will post $1.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is -168.07%.
SLB has been the topic of several research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Schlumberger NV in a research note on Thursday, June 30th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Schlumberger NV in a research note on Tuesday, July 5th. Jefferies Group reiterated a “hold” rating on shares of Schlumberger NV in a research note on Thursday, June 30th. Guggenheim reiterated a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, August 31st. Finally, Citigroup Inc. reiterated a “buy” rating and set a $89.00 price objective (down from $90.00) on shares of Schlumberger NV in a research note on Thursday, June 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $90.61.
In related news, CFO Simon Ayat sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $83.68, for a total value of $4,184,000.00. Following the completion of the transaction, the chief financial officer now owns 153,335 shares of the company’s stock, valued at $12,831,072.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Howard Guild sold 11,900 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $81.32, for a total transaction of $967,708.00. Following the completion of the transaction, the insider now directly owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.
About Schlumberger NV
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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