Girard Partners LTD. increased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 21.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,529 shares of the oil and gas company’s stock after buying an additional 11,267 shares during the period. Girard Partners LTD.’s holdings in Schlumberger N.V. were worth $4,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its position in Schlumberger N.V. by 1.1% during the 1st quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock worth $5,655,994,000 after buying an additional 769,874 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Schlumberger N.V. by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock worth $2,082,673,000 after buying an additional 477,006 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Schlumberger N.V. by 103.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after buying an additional 8,167,945 shares in the last quarter. Clearbridge Investments LLC lifted its position in Schlumberger N.V. by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock worth $953,974,000 after buying an additional 655,694 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Schlumberger N.V. by 33.5% during the 2nd quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock worth $731,990,000 after buying an additional 2,791,675 shares in the last quarter. Institutional investors and hedge funds own 79.13% of the company’s stock.

A number of research analysts have issued reports on SLB shares. Argus started coverage on shares of Schlumberger N.V. in a research report on Monday, August 21st. They set a “buy” rating on the stock. Loop Capital cut their target price on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Seaport Global Securities restated a “buy” rating on shares of Schlumberger N.V. in a research report on Friday, July 21st. Instinet restated a “buy” rating and set a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $80.00 target price (down from $92.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Schlumberger N.V. currently has an average rating of “Buy” and a consensus target price of $79.31.

In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.38% of the company’s stock.

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Shares of Schlumberger N.V. (SLB) opened at $62.78 on Wednesday. The company has a market capitalization of $90,097.44, a P/E ratio of 50.42, a PEG ratio of 1.99 and a beta of 1.02. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40. Schlumberger N.V. has a twelve month low of $61.40 and a twelve month high of $87.84.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. analysts forecast 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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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