DF Dent & Co. Inc. Reduces Stake in Schlumberger N.V. (SLB)
DF Dent & Co. Inc. cut its position in Schlumberger N.V. (NYSE:SLB) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,258 shares of the oil and gas company’s stock after selling 1,499 shares during the period. DF Dent & Co. Inc.’s holdings in Schlumberger N.V. were worth $8,143,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its stake in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares in the last quarter. American Research & Management Co. boosted its stake in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares in the last quarter. MCF Advisors LLC boosted its stake in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares in the last quarter. Jackson Grant Investment Advisers Inc. bought a new stake in Schlumberger N.V. during the fourth quarter worth approximately $160,000. Finally, Baystate Wealth Management LLC boosted its stake in Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after buying an additional 520 shares in the last quarter. Institutional investors and hedge funds own 79.14% of the company’s stock.
Schlumberger N.V. (NYSE SLB) traded up 0.072% during trading on Thursday, reaching $65.537. The company had a trading volume of 959,974 shares. Schlumberger N.V. has a 52 week low of $64.15 and a 52 week high of $87.84. The firm has a market capitalization of $90.74 billion, a price-to-earnings ratio of 516.039 and a beta of 1.02. The company’s 50-day moving average is $66.52 and its 200 day moving average is $73.90.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 earnings per share. Equities analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given 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 dividend yield of 3.05%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
Several equities research analysts recently commented on SLB shares. Jefferies Group LLC reaffirmed an “equal weight” rating on shares of Schlumberger N.V. in a research report on Friday, April 14th. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Deutsche Bank AG dropped their price objective on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. HSBC Holdings plc started coverage on Schlumberger N.V. in a research report on Wednesday, April 19th. They set a “hold” rating and a $90.00 price objective on the stock. Finally, SunTrust Banks, Inc. raised Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Schlumberger N.V. currently has a consensus rating of “Buy” and a consensus price target of $86.40.
In other news, Director Peter L. S. Currie purchased 3,625 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average cost of $69.02 per share, for a total transaction of $250,197.50. Following the completion of the transaction, the director now directly owns 31,550 shares in the company, valued at approximately $2,177,581. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Helge Lund purchased 2,800 shares of the stock in a transaction dated Monday, July 24th. The shares were purchased 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. Company insiders own 0.38% of the company’s stock.
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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