Schlumberger N.V. (NYSE:SLB) Shares Bought by State Street Corp
State Street Corp raised its stake in shares of Schlumberger N.V. (NYSE:SLB) by 1.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,400,230 shares of the oil and gas company’s stock after buying an additional 769,874 shares during the period. State Street Corp owned approximately 0.05% of Schlumberger N.V. worth $5,655,994,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Lincoln Capital Corp acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at approximately $2,472,000. Pekin Singer Strauss Asset Management IL increased its position in shares of Schlumberger N.V. by 15.9% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 19,295 shares of the oil and gas company’s stock valued at $1,620,000 after buying an additional 2,644 shares during the period. Wealthfront Inc. increased its position in shares of Schlumberger N.V. by 12.4% in the fourth quarter. Wealthfront Inc. now owns 36,038 shares of the oil and gas company’s stock valued at $3,025,000 after buying an additional 3,978 shares during the period. Jackson Grant Investment Advisers Inc. acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at approximately $160,000. Finally, Perigon Wealth Management LLC increased its position in shares of Schlumberger N.V. by 70.5% in the fourth quarter. Perigon Wealth Management LLC now owns 28,415 shares of the oil and gas company’s stock valued at $2,293,000 after buying an additional 11,753 shares during the period. 79.14% of the stock is currently owned by institutional investors.
Shares of Schlumberger N.V. (SLB) traded down 0.89% on Friday, hitting $63.83. The stock had a trading volume of 4,627,489 shares. The firm’s 50-day moving average price is $66.44 and its 200 day moving average price is $73.68. Schlumberger N.V. has a 52-week low of $63.74 and a 52-week high of $87.84. The firm has a market cap of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate 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 was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, equities research analysts predict that Schlumberger N.V. will post $1.51 EPS for the current year.
The business also recently disclosed 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 yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
ILLEGAL ACTIVITY NOTICE: “Schlumberger N.V. (NYSE:SLB) Shares Bought by State Street Corp” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/schlumberger-n-v-nyseslb-shares-bought-by-state-street-corp/1479186.html.
SLB has been the topic of several research analyst reports. Jefferies Group LLC reaffirmed an “equal weight” rating on shares of Schlumberger N.V. in a research report on Friday, April 14th. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Deutsche Bank AG cut their price objective on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, April 18th. HSBC Holdings plc initiated coverage on Schlumberger N.V. in a research report on Wednesday, April 19th. They issued a “hold” rating and a $90.00 price objective on the stock. Finally, SunTrust Banks, Inc. raised Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. has a consensus rating of “Buy” and an average price target of $86.40.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the sale, the president now directly owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Helge Lund acquired 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger N.V. (NYSE:SLB).
Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with Analyst Ratings Network's FREE daily email newsletter.