RNC Capital Management LLC Has $28.81 Million Stake in Schlumberger N.V. (SLB)
RNC Capital Management LLC raised its stake in Schlumberger N.V. (NYSE:SLB) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 368,831 shares of the oil and gas company’s stock after buying an additional 16,750 shares during the period. Schlumberger N.V. comprises approximately 2.3% of RNC Capital Management LLC’s portfolio, making the stock its 20th largest position. RNC Capital Management LLC’s holdings in Schlumberger N.V. were worth $28,806,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of SLB. Gabelli Funds LLC boosted its position in Schlumberger N.V. by 4.3% in the first quarter. Gabelli Funds LLC now owns 586,736 shares of the oil and gas company’s stock valued at $45,824,000 after buying an additional 24,400 shares in the last quarter. Kistler Tiffany Companies LLC boosted its position in Schlumberger N.V. by 26.7% in the first quarter. Kistler Tiffany Companies LLC now owns 6,487 shares of the oil and gas company’s stock valued at $507,000 after buying an additional 1,369 shares in the last quarter. British Columbia Investment Management Corp boosted its position in Schlumberger N.V. by 8.0% in the first quarter. British Columbia Investment Management Corp now owns 821,399 shares of the oil and gas company’s stock valued at $64,151,000 after buying an additional 60,531 shares in the last quarter. Staley Capital Advisers Inc. boosted its position in Schlumberger N.V. by 55.4% in the first quarter. Staley Capital Advisers Inc. now owns 3,925 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 1,400 shares in the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Schlumberger N.V. by 5.7% in the first quarter. UBS Asset Management Americas Inc. now owns 3,893,567 shares of the oil and gas company’s stock valued at $304,088,000 after buying an additional 211,417 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.
Schlumberger N.V. (NYSE:SLB) traded down 1.041% during mid-day trading on Monday, hitting $63.215. 1,469,161 shares of the stock traded hands. The stock has a market capitalization of $87.52 billion, a PE ratio of 497.756 and a beta of 1.02. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84. The company has a 50 day moving average price of $65.77 and a 200-day moving average price of $72.24. Schlumberger N.V. also was the recipient of unusually large options trading activity on Friday. Traders bought 6,824 call options on the stock. This is an increase of 137% compared to the average volume of 2,885 call options.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. Equities analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend 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%.
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Several research analysts have issued reports on the company. Sanford C. Bernstein reaffirmed a “hold” rating on shares of Schlumberger N.V. in a report on Thursday, May 4th. Bank of America Corporation dropped their price target on Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Tuesday, May 30th. BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. UBS AG set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $86.21.
In other news, Director Michael E. Marks bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter L. S. Currie bought 3,625 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average cost of $69.02 per share, for a total transaction of $250,197.50. Following the completion of the purchase, the director now owns 31,550 shares of the company’s stock, valued at $2,177,581. The disclosure for this purchase can be found here. Insiders have acquired 14,425 shares of company stock worth $950,782 over the last three months. 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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