BLB&B Advisors LLC Has $3,990,000 Stake in Schlumberger N.V. (SLB)
BLB&B Advisors LLC held its position in Schlumberger N.V. (NYSE:SLB) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,093 shares of the oil and gas company’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in Schlumberger N.V. were worth $3,990,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in SLB. Swarthmore Group Inc. increased its position in Schlumberger N.V. by 416.6% in the first quarter. Swarthmore Group Inc. now owns 190,125 shares of the oil and gas company’s stock valued at $14,849,000 after buying an additional 153,325 shares during the period. Curbstone Financial Management Corp increased its position in Schlumberger N.V. by 6.1% in the first quarter. Curbstone Financial Management Corp now owns 16,142 shares of the oil and gas company’s stock valued at $1,261,000 after buying an additional 932 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in Schlumberger N.V. by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,478,512 shares of the oil and gas company’s stock valued at $115,473,000 after buying an additional 45,940 shares during the period. Moreno Evelyn V increased its position in Schlumberger N.V. by 13.7% in the first quarter. Moreno Evelyn V now owns 94,720 shares of the oil and gas company’s stock valued at $7,398,000 after buying an additional 11,380 shares during the period. Finally, Rosenbaum Jay D. increased its position in Schlumberger N.V. by 5.5% in the first quarter. Rosenbaum Jay D. now owns 16,930 shares of the oil and gas company’s stock valued at $1,323,000 after buying an additional 875 shares during the period. Institutional investors own 79.65% of the company’s stock.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 1.124% on Tuesday, hitting $63.231. The company’s stock had a trading volume of 2,436,774 shares. The firm has a market cap of $87.54 billion, a price-to-earnings ratio of 497.882 and a beta of 1.02. The stock has a 50-day moving average price of $66.39 and a 200 day moving average price of $73.37. Schlumberger N.V. has a one year low of $63.03 and a one year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the business earned $0.23 EPS. Schlumberger N.V.’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts predict that Schlumberger N.V. will post $1.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.13%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
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A number of research firms have commented on SLB. Deutsche Bank AG decreased their price target on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, April 18th. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. HSBC Holdings plc began coverage on Schlumberger N.V. in a report on Wednesday, April 19th. They set a “hold” rating and a $90.00 price target on the stock. Vetr raised Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a report on Thursday, April 20th. Finally, SunTrust Banks, Inc. raised Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $86.40.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of Schlumberger N.V. stock in a transaction on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,425 shares of company stock worth $950,782 over the last quarter. 0.38% of the stock is owned by company insiders.
About Schlumberger N.V.
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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