Schlumberger N.V. (SLB) Shares Sold by Capital Analysts LLC
Capital Analysts LLC cut its position in shares of Schlumberger N.V. (NYSE:SLB) by 4.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,385 shares of the oil and gas company’s stock after selling 1,640 shares during the period. Capital Analysts LLC’s holdings in Schlumberger N.V. were worth $2,607,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. First United Bank Trust raised its stake in shares of Schlumberger N.V. by 9.8% in the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock valued at $1,026,000 after buying an additional 1,175 shares during the last quarter. Jolley Asset Management LLC raised its stake in shares of Schlumberger N.V. by 10.0% in the first quarter. Jolley Asset Management LLC now owns 44,249 shares of the oil and gas company’s stock valued at $3,456,000 after buying an additional 4,037 shares during the last quarter. Hartford Financial Management Inc. raised its stake in shares of Schlumberger N.V. by 23.0% in the first quarter. Hartford Financial Management Inc. now owns 3,631 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 680 shares during the last quarter. Bollard Group LLC raised its stake in shares of Schlumberger N.V. by 10.3% in the first quarter. Bollard Group LLC now owns 16,134 shares of the oil and gas company’s stock valued at $1,260,000 after buying an additional 1,504 shares during the last quarter. Finally, Carlson Capital Management raised its stake in shares of Schlumberger N.V. by 2.9% in the first quarter. Carlson Capital Management now owns 3,734 shares of the oil and gas company’s stock valued at $292,000 after buying an additional 104 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.
Schlumberger N.V. (NYSE SLB) traded up 0.09% during midday trading on Thursday, hitting $63.45. The stock had a trading volume of 1,698,285 shares. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The company has a market capitalization of $87.85 billion, a PE ratio of 499.61 and a beta of 1.02. The company’s 50-day moving average price is $65.77 and its 200 day moving average price is $72.24.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the business posted $0.23 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.16%. Schlumberger N.V.’s payout ratio is 1,538.58%.
Several analysts have recently weighed in on SLB shares. Morgan Stanley lifted their price objective on Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $80.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, August 25th. Zacks Investment Research lowered Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Scotiabank set a $90.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, July 7th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Schlumberger N.V. in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. Schlumberger N.V. currently has an average rating of “Buy” and a consensus price target of $86.21.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were 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 in the company, valued at $6,652,424.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Tore I. Sandvold sold 5,000 shares of the company’s 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 sale, the director now owns 5,000 shares of the company’s stock, valued at $349,100. The disclosure for this sale 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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