Schlumberger N.V. (SLB) Shares Sold by Baldwin Brothers Inc. MA
Baldwin Brothers Inc. MA reduced its stake in shares of Schlumberger N.V. (NYSE:SLB) by 13.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,912 shares of the oil and gas company’s stock after selling 14,365 shares during the quarter. Baldwin Brothers Inc. MA’s holdings in Schlumberger N.V. were worth $5,920,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Wealth Architects LLC raised its stake in Schlumberger N.V. by 0.3% during the 1st quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock valued at $313,000 after purchasing an additional 13 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its stake in Schlumberger N.V. by 0.5% during the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock valued at $291,000 after purchasing an additional 18 shares during the last quarter. Syntal Capital Partners LLC raised its stake in Schlumberger N.V. by 0.5% during the 1st quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after purchasing an additional 29 shares during the last quarter. Family Legacy Inc. raised its stake in Schlumberger N.V. by 0.9% during the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 30 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in Schlumberger N.V. by 1.0% during the 1st quarter. North Star Investment Management Corp. now owns 3,965 shares of the oil and gas company’s stock valued at $310,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 78.90% of the company’s stock.
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In other news, Director Michael E. Marks purchased 8,000 shares of Schlumberger N.V. stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helge Lund purchased 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The shares were 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. 0.38% of the stock is currently owned by insiders.
Shares of Schlumberger N.V. (NYSE SLB) traded up 0.87% during midday trading on Friday, reaching $69.76. 6,559,138 shares of the company’s stock were exchanged. The company’s 50 day moving average is $65.20 and its 200-day moving average is $70.30. The stock has a market cap of $96.58 billion, a PE ratio of 549.29 and a beta of 1.03. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month 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 EPS for the quarter, topping 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 business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Equities analysts forecast that Schlumberger N.V. will post $1.53 EPS for the current fiscal year.
The firm also recently announced 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 2.87%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
Several research firms recently commented on SLB. J P Morgan Chase & Co cut their target price on shares of Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. BMO Capital Markets reiterated a “buy” rating and set a $74.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Jefferies Group LLC set a $80.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Argus began coverage on shares of Schlumberger N.V. in a research note on Monday, August 21st. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. presently has an average rating of “Buy” and an average price target of $85.80.
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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