Jennison Associates LLC decreased its position in shares of Schlumberger N.V. (NYSE:SLB) by 20.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 978,927 shares of the oil and gas company’s stock after selling 250,294 shares during the period. Jennison Associates LLC owned 0.07% of Schlumberger N.V. worth $64,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SLB. Wealth Architects LLC increased its stake in Schlumberger N.V. by 0.3% during the 1st quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 13 shares in the last quarter. Syntal Capital Partners LLC increased its stake in Schlumberger N.V. by 0.5% during the 1st quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after purchasing an additional 29 shares in the last quarter. Family Legacy Inc. increased its stake in Schlumberger N.V. by 0.9% during the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 30 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in Schlumberger N.V. by 0.3% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after purchasing an additional 36 shares in the last quarter. Finally, North Star Investment Management Corp. increased its stake in 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 valued at $310,000 after purchasing an additional 39 shares in the last quarter. 79.13% of the stock is owned by institutional investors.

A number of research analysts have issued reports on SLB shares. BMO Capital Markets restated a “buy” rating and set a $74.00 price target (down previously from $89.00) on shares of Schlumberger N.V. in a research note on Thursday, July 13th. Scotiabank set a $90.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, July 7th. Loop Capital cut their price target on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 25th. Seaport Global Securities restated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. Finally, Instinet reiterated a “buy” rating and issued a $78.00 price objective (down previously from $85.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. Schlumberger N.V. currently has an average rating of “Buy” and an average price target of $80.08.

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Schlumberger N.V. (NYSE:SLB) opened at $63.58 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. 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 posted its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same period last year, the firm posted $0.25 earnings per share. analysts anticipate that Schlumberger N.V. will post 1.47 EPS for the current fiscal year.

In other news, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Schlumberger N.V. 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.

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

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