Mn Services Vermogensbeheer B.V. Has $15.16 Million Position in Schlumberger N.V. (SLB)
Mn Services Vermogensbeheer B.V. lifted its stake in shares of Schlumberger N.V. (NYSE:SLB) by 520.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,283 shares of the oil and gas company’s stock after buying an additional 193,159 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Schlumberger N.V. were worth $15,162,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. First Eagle Investment Management LLC raised its position in Schlumberger N.V. by 71.4% in the 1st quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock valued at $613,696,000 after buying an additional 3,272,127 shares during the last quarter. American Century Companies Inc. lifted its stake in Schlumberger N.V. by 30.8% during the 1st quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after acquiring an additional 1,959,214 shares in the last quarter. Pioneer Investment Management Inc. lifted its stake in Schlumberger N.V. by 52.7% during the 1st quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock valued at $352,594,000 after acquiring an additional 1,557,982 shares in the last quarter. Swiss National Bank lifted its stake in Schlumberger N.V. by 25.8% during the 1st quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock valued at $409,364,000 after acquiring an additional 1,075,000 shares in the last quarter. Finally, State Street Corp lifted its stake 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 valued at $5,655,994,000 after acquiring an additional 769,874 shares in the last quarter. 78.91% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on SLB. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. Credit Suisse Group set a $78.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price objective (down previously from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. 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. Finally, BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. has an average rating of “Buy” and a consensus price target of $85.80.
In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $66.78 per share, with a total value of $186,984.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
Schlumberger N.V. (NYSE SLB) traded down 0.137% during trading on Tuesday, reaching $69.225. The company had a trading volume of 2,896,705 shares. The firm’s 50-day moving average price is $65.79 and its 200 day moving average price is $69.63. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84. The firm has a market capitalization of $95.84 billion, a P/E ratio of 545.079 and a beta of 1.05.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the 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 firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. Equities analysts forecast that Schlumberger N.V. will post $1.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.89%. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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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