Howard Capital Management boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 174,328 shares of the oil and gas company’s stock after buying an additional 3,042 shares during the period. Schlumberger N.V. makes up approximately 1.8% of Howard Capital Management’s portfolio, making the stock its 27th largest position. Howard Capital Management’s holdings in Schlumberger N.V. were worth $11,478,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Tradewinds Capital Management LLC raised its position in shares of 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 valued at $104,000 after buying an additional 307 shares during the period. American Research & Management Co. raised its position in shares of 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 valued at $106,000 after buying an additional 106 shares during the period. MCF Advisors LLC raised its position in shares of 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 valued at $126,000 after buying an additional 915 shares during the period. Jackson Grant Investment Advisers Inc. bought a new position in shares of Schlumberger N.V. during the fourth quarter valued at $160,000. Finally, Proficio Capital Partners LLC raised its position in shares of Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 310 shares during the period. 79.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Schlumberger N.V. (NYSE SLB) traded down 0.89% during trading on Friday, reaching $63.83. 4,627,489 shares of the company’s stock traded hands. The stock has a market capitalization of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02. Schlumberger N.V. has a 1-year low of $63.74 and a 1-year high of $87.84. The company has a 50 day moving average price of $66.44 and a 200 day moving average price of $73.68.

Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the company posted $0.23 EPS. Schlumberger N.V.’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders 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 payout ratio is 1,538.58%.

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Several research analysts have weighed in on the stock. Evercore ISI set a $93.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, April 22nd. UBS AG set a $90.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price (down previously from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $86.40.

In other news, Director Helge Lund purchased 2,800 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at $349,100. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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