Adviser Investments LLC bought a new position in shares of Schlumberger N.V. (NYSE:SLB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,393 shares of the oil and gas company’s stock, valued at approximately $4,170,000.

Other large investors have also modified their holdings of the company. Dodge & Cox purchased a new stake in Schlumberger N.V. during the fourth quarter valued at about $3,954,205,000. Norges Bank purchased a new stake in Schlumberger N.V. during the fourth quarter valued at about $1,178,888,000. State Street Corp boosted its stake in Schlumberger N.V. by 4.0% in the fourth quarter. State Street Corp now owns 71,630,356 shares of the oil and gas company’s stock valued at $6,015,125,000 after buying an additional 2,755,140 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in Schlumberger N.V. during the fourth quarter valued at about $208,252,000. Finally, Asset Management One Co. Ltd. boosted its stake in Schlumberger N.V. by 1,231.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,591,964 shares of the oil and gas company’s stock valued at $217,654,000 after buying an additional 2,397,334 shares during the last quarter. Institutional investors and hedge funds own 79.39% of the company’s stock.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

Shares of Schlumberger N.V. (NYSE:SLB) opened at 68.58 on Friday. Schlumberger N.V. has a one year low of $67.00 and a one year high of $87.84. The firm’s market cap is $95.29 billion. The company has a 50-day moving average of $70.54 and a 200 day moving average of $78.80.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $6.89 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Schlumberger N.V. had a positive return on equity of 3.32% and a negative net margin of 6.77%. Schlumberger N.V.’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. On average, equities research analysts expect that Schlumberger N.V. will post $1.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, May 30th. Schlumberger N.V.’s dividend payout ratio is presently -144.93%.

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Several equities research analysts recently issued reports on SLB shares. Barclays PLC restated an “overweight” rating and set a $107.00 price objective on shares of Schlumberger N.V. in a research report on Monday, April 24th. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and set a $99.00 price objective on shares of Schlumberger N.V. in a research report on Thursday, April 6th. Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price objective for the company in a research report on Thursday, April 20th. Finally, Deutsche Bank AG cut their price objective on shares of Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, April 18th. Five equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $92.91.

In other Schlumberger N.V. news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $349,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the transaction, the president now owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Schlumberger N.V. Company 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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