American Trust Investment Advisors LLC decreased its position in shares of Schlumberger N.V. (NYSE:SLB) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,327 shares of the oil and gas company’s stock after selling 160 shares during the period. American Trust Investment Advisors LLC’s holdings in Schlumberger N.V. were worth $1,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLB. Tradewinds Capital Management LLC boosted its position in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 307 shares during the last quarter. MCF Advisors LLC boosted its position in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 915 shares during the last quarter. Proficio Capital Partners LLC boosted its position in Schlumberger N.V. by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 310 shares during the last quarter. Baystate Wealth Management LLC boosted its position in Schlumberger N.V. by 12.7% during the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 305 shares during the last quarter. Finally, Point View Wealth Management Inc. boosted its position in Schlumberger N.V. by 6.6% during the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after purchasing an additional 160 shares during the last quarter. 78.91% of the stock is owned by hedge funds and other institutional investors.

Shares of Schlumberger N.V. (NYSE:SLB) opened at 68.82 on Thursday. The firm has a market capitalization of $95.28 billion, a P/E ratio of 541.89 and a beta of 1.05. The firm’s 50-day moving average price is $66.09 and its 200-day moving average price is $69.55. 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 announced 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. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts predict that Schlumberger N.V. will post $1.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued 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 dividend yield of 2.91%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.

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In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the stock in a transaction dated Monday, July 24th. The shares were bought at an average cost of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael E. Marks bought 8,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on the company. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. Jefferies Group LLC reissued a “buy” rating and set a $80.00 price objective (down previously from $92.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Credit Suisse Group set a $78.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BidaskClub upgraded Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $85.80.

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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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