Capital Insight Partners LLC Sells 921 Shares of Schlumberger N.V. (SLB)
Capital Insight Partners LLC reduced its stake in Schlumberger N.V. (NYSE:SLB) by 3.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,045 shares of the oil and gas company’s stock after selling 921 shares during the period. Schlumberger N.V. accounts for about 1.5% of Capital Insight Partners LLC’s holdings, making the stock its 28th largest position. Capital Insight Partners LLC’s holdings in Schlumberger N.V. were worth $1,715,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SLB. State Street Corp increased its position in Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after buying an additional 769,874 shares during the last quarter. Bank of New York Mellon Corp increased its position in Schlumberger N.V. by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after buying an additional 477,006 shares during the last quarter. Clearbridge Investments LLC increased its position in Schlumberger N.V. by 5.7% in the first quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock valued at $953,974,000 after buying an additional 655,694 shares during the last quarter. American Century Companies Inc. increased its position in Schlumberger N.V. by 30.8% in the first quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after buying an additional 1,959,214 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Schlumberger N.V. by 71.4% in the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock valued at $613,696,000 after buying an additional 3,272,127 shares in the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.
Schlumberger N.V. (SLB) traded up 0.28% during midday trading on Monday, reaching $64.01. 1,441,139 shares of the company were exchanged. Schlumberger N.V. has a 52 week low of $63.67 and a 52 week high of $87.84. The company has a 50-day moving average of $66.44 and a 200 day moving average of $73.68. The firm has a market capitalization of $88.62 billion, a PE ratio of 504.02 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. Schlumberger N.V.’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Equities analysts predict that Schlumberger N.V. will post $1.51 earnings per share 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 given a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
Several equities analysts recently commented on the stock. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Scotiabank set a $90.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, July 7th. Cowen and Company reaffirmed an “outperform” rating and set a $99.00 price objective on shares of Schlumberger N.V. in a research note on Tuesday, April 25th. Vetr raised 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 note on Thursday, April 20th. Finally, Iberia Capital cut shares of Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $100.00 to $77.00 in a research note on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $86.40.
In related news, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction 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 sale, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Helge Lund purchased 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company 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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