Schlumberger N.V. (SLB) Shares Sold by Sullivan Bruyette Speros & Blaney LLC
Sullivan Bruyette Speros & Blaney LLC decreased its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,180 shares of the oil and gas company’s stock after selling 89 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in Schlumberger N.V. were worth $341,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Motco boosted its holdings in shares of Schlumberger N.V. by 3.8% during the 2nd quarter. Motco now owns 46,810 shares of the oil and gas company’s stock worth $3,082,000 after buying an additional 1,723 shares in the last quarter. IndexIQ Advisors LLC raised its position in Schlumberger N.V. by 26.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 24,046 shares of the oil and gas company’s stock valued at $1,584,000 after buying an additional 5,054 shares during the last quarter. QCI Asset Management Inc. NY raised its position in Schlumberger N.V. by 3.6% in the 2nd quarter. QCI Asset Management Inc. NY now owns 182,583 shares of the oil and gas company’s stock valued at $12,021,000 after buying an additional 6,367 shares during the last quarter. Capital Analysts LLC raised its position in Schlumberger N.V. by 1.6% in the 2nd quarter. Capital Analysts LLC now owns 33,935 shares of the oil and gas company’s stock valued at $2,234,000 after buying an additional 550 shares during the last quarter. Finally, Flippin Bruce & Porter Inc. purchased a new stake in Schlumberger N.V. in the 2nd quarter valued at $4,717,000. 79.13% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares in the company, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.38% of the stock is currently owned by corporate insiders.
Shares of Schlumberger N.V. (SLB) opened at $61.31 on Friday. Schlumberger N.V. has a 12-month low of $61.02 and a 12-month high of $87.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. The stock has a market capitalization of $84,930.00, a P/E ratio of 48.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s revenue was up 12.6% on a year-over-year basis. equities research analysts expect that Schlumberger N.V. will post 1.47 EPS for the current year.
Several research firms have recently weighed in on SLB. Jefferies Group LLC reiterated a “buy” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Friday, September 29th. BidaskClub upgraded Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. increased their price target on Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Cowen and Company set a $80.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $79.31.
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About Schlumberger N.V.
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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