Schlumberger N.V. (SLB) Position Reduced by Community Financial Services Group LLC
Community Financial Services Group LLC decreased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,054 shares of the oil and gas company’s stock after selling 442 shares during the period. Community Financial Services Group LLC’s holdings in Schlumberger N.V. were worth $2,894,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted 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. boosted 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 boosted 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. Baystate Wealth Management LLC boosted 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. Finally, Point View Wealth Management Inc. boosted its position in Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after buying an additional 160 shares in the last quarter. 79.65% of the stock is currently owned by institutional investors.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 1.19% on Tuesday, hitting $63.19. 1,194,681 shares of the stock were exchanged. The company has a 50-day moving average price of $66.39 and a 200-day moving average price of $73.37. The firm has a market capitalization of $87.49 billion, a PE ratio of 497.56 and a beta of 1.02. Schlumberger N.V. has a one year low of $63.11 and a one year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its 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 business 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 revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities research analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
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SLB has been the topic of several research analyst reports. Barclays PLC restated an “overweight” rating and set a $107.00 price target on shares of Schlumberger N.V. in a report on Monday, April 24th. Morgan Stanley boosted their price target on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 21st. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $92.00 price target on shares of Schlumberger N.V. in a report on Friday, June 30th. Finally, Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The stock 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 Schlumberger N.V. stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the sale, 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 accessible through this link. Also, Director Peter L. S. Currie bought 3,625 shares of Schlumberger N.V. stock in a transaction that occurred on Tuesday, May 30th. The shares were bought at an average cost of $69.02 per share, with a total value of $250,197.50. Following the acquisition, the director now directly owns 31,550 shares in the company, valued at approximately $2,177,581. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,425 shares of company stock valued at $950,782 in the last ninety days. 0.38% of the stock is currently owned by 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.
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