Schlumberger N.V. (SLB) Position Decreased by Stone Run Capital LLC
Stone Run Capital LLC cut its stake in shares of Schlumberger N.V. (NYSE:SLB) by 49.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,375 shares of the oil and gas company’s stock after selling 33,750 shares during the period. Stone Run Capital LLC’s holdings in Schlumberger N.V. were worth $2,684,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in SLB. Tradewinds Capital Management LLC raised its position in 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 in the last quarter. American Research & Management Co. raised its position in 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 in the last quarter. MCF Advisors LLC raised its position in 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 in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new position in Schlumberger N.V. during the fourth quarter valued at about $160,000. Finally, Baystate Wealth Management LLC raised its position in Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 520 shares in the last quarter. 79.14% of the stock is owned by institutional investors.
Shares of Schlumberger N.V. (SLB) traded up 0.08% during midday trading on Thursday, hitting $65.54. The company had a trading volume of 956,418 shares. The firm has a market capitalization of $90.74 billion, a P/E ratio of 516.06 and a beta of 1.02. The stock has a 50 day moving average price of $66.52 and a 200 day moving average price of $73.90. Schlumberger N.V. has a 1-year low of $64.15 and a 1-year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during 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%. Schlumberger N.V.’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.
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Several equities analysts have recently issued reports on SLB shares. Deutsche Bank AG reduced their target price on Schlumberger N.V. from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 24th. SunTrust Banks, Inc. raised Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Thursday, April 20th. Jefferies Group LLC reduced their target price on Schlumberger N.V. from $96.00 to $92.00 and set a “buy” rating for the company in a report on Monday, April 24th. Evercore ISI set a $93.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a report on Saturday, April 22nd. Finally, UBS AG set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. 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 assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.40.
In related news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $349,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Helge Lund bought 2,800 shares of the company’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 disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.
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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