Schlumberger N.V. (SLB) Shares Bought by Academy Capital Management Inc. TX
Academy Capital Management Inc. TX boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 5.8% during the second quarter, Holdings Channel reports. The fund owned 112,093 shares of the oil and gas company’s stock after buying an additional 6,184 shares during the period. Schlumberger N.V. makes up about 2.0% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 21st largest position. Academy Capital Management Inc. TX’s holdings in Schlumberger N.V. were worth $7,380,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. HighPoint Advisor Group LLC raised its stake in shares of Schlumberger N.V. by 1.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,853 shares of the oil and gas company’s stock worth $564,000 after buying an additional 130 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Schlumberger N.V. during the fourth quarter worth about $468,000. Perigon Wealth Management LLC raised its stake 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 worth $2,293,000 after buying an additional 11,753 shares during the last quarter. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Schlumberger N.V. during the fourth quarter worth about $160,000. Finally, Wealthfront Inc. raised its stake 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 worth $3,025,000 after buying an additional 3,978 shares during the last quarter. 79.14% of the stock is currently owned by institutional investors.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.14% during midday trading on Thursday, hitting $65.40. 2,625,737 shares of the stock were exchanged. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The firm has a 50-day moving average price of $66.52 and a 200-day moving average price of $73.90. The company has a market cap of $90.55 billion, a PE ratio of 514.96 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ 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%. Schlumberger N.V.’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS. On average, equities analysts predict that Schlumberger N.V. will post $1.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.05%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
A number of brokerages have issued reports on SLB. Deutsche Bank AG cut their target price 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. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 18th. Jefferies Group LLC restated an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. HSBC Holdings plc assumed coverage on shares of Schlumberger N.V. in a research note on Wednesday, April 19th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target for the company in a research note on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target 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 value of $349,100.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $349,100. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Helge Lund acquired 2,800 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average price of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Company 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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