Fort Point Capital Partners LLC Has $545,000 Stake in Schlumberger N.V. (NYSE:SLB)
Fort Point Capital Partners LLC boosted its position in Schlumberger N.V. (NYSE:SLB) by 6.1% during the first quarter, Holdings Channel reports. The fund owned 6,979 shares of the oil and gas company’s stock after buying an additional 400 shares during the period. Fort Point Capital Partners LLC’s holdings in Schlumberger N.V. were worth $545,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Lincoln Capital Corp purchased a new position in shares of Schlumberger N.V. during the fourth quarter worth about $2,472,000. Pekin Singer Strauss Asset Management IL boosted its position in shares of Schlumberger N.V. by 15.9% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 19,295 shares of the oil and gas company’s stock worth $1,620,000 after buying an additional 2,644 shares during the last quarter. Wealthfront Inc. boosted its position in shares of Schlumberger N.V. by 12.4% in the fourth quarter. Wealthfront Inc. now owns 36,038 shares of the oil and gas company’s stock worth $3,025,000 after buying an additional 3,978 shares during the last quarter. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Schlumberger N.V. during the fourth quarter worth about $160,000. Finally, Perigon Wealth Management LLC boosted its position in shares of Schlumberger N.V. by 70.5% in the fourth quarter. Perigon Wealth Management LLC now owns 28,415 shares of the oil and gas company’s stock worth $2,293,000 after buying an additional 11,753 shares during the last quarter. Institutional investors own 79.14% of the company’s stock.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.89% during midday trading on Friday, reaching $63.83. 4,627,489 shares of the company’s stock were exchanged. The stock has a market cap of $88.37 billion, a P/E ratio of 502.60 and a beta of 1.02. Schlumberger N.V. has a one year low of $63.74 and a one year high of $87.84. The company’s 50-day moving average is $66.44 and its 200-day moving average is $73.68.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.23 earnings per share. Equities analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
A number of equities analysts recently issued reports on SLB shares. Jefferies Group LLC reiterated an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Deutsche Bank AG dropped their price target on shares of Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. HSBC Holdings plc initiated coverage on shares of Schlumberger N.V. in a research note on Wednesday, April 19th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, SunTrust Banks, Inc. upgraded shares of Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus target price of $86.40.
In other news, President Aaron Gatt Floridia sold 40,000 shares of the business’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 sale, 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director Helge Lund acquired 2,800 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was acquired 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 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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