Schlumberger N.V. (SLB) Shares Sold by Osborn Williams & Donohoe LLC
Osborn Williams & Donohoe LLC lowered its position in Schlumberger N.V. (NYSE:SLB) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,896 shares of the oil and gas company’s stock after selling 4,396 shares during the period. Schlumberger N.V. comprises 1.2% of Osborn Williams & Donohoe LLC’s holdings, making the stock its 28th largest position. Osborn Williams & Donohoe LLC’s holdings in Schlumberger N.V. were worth $6,709,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of SLB. First Eagle Investment Management LLC raised its position in shares of Schlumberger N.V. by 71.4% in the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock worth $613,696,000 after buying an additional 3,272,127 shares during the period. American Century Companies Inc. raised its position in shares of Schlumberger N.V. by 30.8% in the first quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock worth $650,264,000 after buying an additional 1,959,214 shares during the period. Pioneer Investment Management Inc. raised its position in shares of Schlumberger N.V. by 52.7% in the first quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock worth $352,594,000 after buying an additional 1,557,982 shares during the period. Swiss National Bank raised its position in shares of Schlumberger N.V. by 25.8% in the first quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock worth $409,364,000 after buying an additional 1,075,000 shares during the period. Finally, State Street Corp raised its position in shares of Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock worth $5,655,994,000 after buying an additional 769,874 shares during the period. Institutional investors own 79.65% of the company’s stock.
Schlumberger N.V. (NYSE SLB) traded up 0.0287% during trading on Wednesday, reaching $63.4582. The company had a trading volume of 3,121,976 shares. The firm has a market capitalization of $87.86 billion, a PE ratio of 499.6708 and a beta of 1.02. The firm’s 50 day moving average price is $66.32 and its 200 day moving average price is $73.22. Schlumberger N.V. has a 12-month low of $63.03 and a 12-month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the previous year, the company posted $0.23 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The business 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 $0.50 dividend. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
A number of research analysts have recently commented on SLB shares. Barclays PLC reiterated an “overweight” rating and set a $107.00 price target on shares of Schlumberger N.V. in a report on Monday, April 24th. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Vetr upgraded Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price target for the company in a report on Thursday, April 20th. Deutsche Bank AG cut their price target on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Finally, Sanford C. Bernstein reiterated a “hold” rating on shares of Schlumberger N.V. in a report on Thursday, May 4th. Two research 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 company presently has a consensus rating of “Buy” and a consensus target price of $86.40.
In related news, Director Michael E. Marks purchased 8,000 shares of Schlumberger N.V. stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 value of $349,100.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $349,100. The disclosure for this sale can be found here. Insiders acquired a total of 14,425 shares of company stock worth $950,782 in the last quarter. 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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