Cooke & Bieler LP Invests $68.86 Million in Schlumberger N.V. (SLB) Stock
Cooke & Bieler LP acquired a new stake in Schlumberger N.V. (NYSE:SLB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,045,882 shares of the oil and gas company’s stock, valued at approximately $68,861,000. Cooke & Bieler LP owned about 0.08% of Schlumberger N.V. at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of SLB. North Star Investment Management Corp. boosted its stake in shares of Schlumberger N.V. by 1.0% during the 1st quarter. North Star Investment Management Corp. now owns 3,965 shares of the oil and gas company’s stock worth $310,000 after purchasing an additional 39 shares during the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC boosted its stake in shares of Schlumberger N.V. by 0.8% during the 1st quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 169,166 shares of the oil and gas company’s stock worth $13,212,000 after purchasing an additional 1,370 shares during the last quarter. Central Bank & Trust Co. boosted its stake in shares of Schlumberger N.V. by 10.5% during the 1st quarter. Central Bank & Trust Co. now owns 3,501 shares of the oil and gas company’s stock worth $273,000 after purchasing an additional 334 shares during the last quarter. Barrett Asset Management LLC lifted its holdings in shares of Schlumberger N.V. by 0.7% during the 1st quarter. Barrett Asset Management LLC now owns 390,115 shares of the oil and gas company’s stock worth $30,468,000 after acquiring an additional 2,742 shares during the period. Finally, Bank of Stockton lifted its holdings in shares of Schlumberger N.V. by 4.5% during the 1st quarter. Bank of Stockton now owns 10,491 shares of the oil and gas company’s stock worth $818,000 after acquiring an additional 450 shares during the period. 79.13% of the stock is currently owned by hedge funds and other institutional investors.
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In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Tore I. Sandvold sold 3,500 shares of Schlumberger N.V. stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
Several research analysts have recently weighed in on SLB shares. BMO Capital Markets reiterated a “buy” rating and set a $74.00 price objective on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating on shares of Schlumberger N.V. in a report on Saturday, July 22nd. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 price target on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $74.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Saturday, October 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. presently has an average rating of “Buy” and a consensus target price of $80.08.
Schlumberger N.V. (NYSE SLB) opened at $63.58 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The company has a market capitalization of $87,617.82, a price-to-earnings ratio of 49.03, a PEG ratio of 1.93 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The firm had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter last year, the business posted $0.25 EPS. Schlumberger N.V.’s revenue was up 12.6% on a year-over-year basis. sell-side analysts anticipate that Schlumberger N.V. will post 1.47 earnings per share for the current year.
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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