Cambridge Investment Research Advisors Inc. lifted its position in Schlumberger N.V. (NYSE:SLB) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,701 shares of the oil and gas company’s stock after buying an additional 1,434 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Schlumberger N.V. were worth $2,416,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SLB. First Eagle Investment Management LLC lifted its holdings in shares of Schlumberger N.V. by 103.9% in the second quarter. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company’s stock worth $1,055,136,000 after buying an additional 8,167,945 shares in the last quarter. American Century Companies Inc. raised its stake in Schlumberger N.V. by 33.5% in the second quarter. American Century Companies Inc. now owns 11,117,713 shares of the oil and gas company’s stock valued at $731,990,000 after purchasing an additional 2,791,675 shares in the last quarter. Cambiar Investors LLC raised its stake in Schlumberger N.V. by 53.8% in the second quarter. Cambiar Investors LLC now owns 4,934,780 shares of the oil and gas company’s stock valued at $324,906,000 after purchasing an additional 1,726,174 shares in the last quarter. Pioneer Investment Management Inc. raised its stake in 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 valued at $352,594,000 after purchasing an additional 1,557,982 shares in the last quarter. Finally, Swiss National Bank raised its stake in 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 valued at $409,364,000 after purchasing an additional 1,075,000 shares in the last quarter. 79.13% of the stock is currently owned by hedge funds and other institutional investors.

In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.38% of the company’s stock.

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Schlumberger N.V. (NYSE:SLB) opened at $62.78 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $91,067.12, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. Schlumberger N.V. has a 52-week low of $61.40 and a 52-week high of $87.84.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. equities research analysts forecast that Schlumberger N.V. will post 1.47 EPS for the current fiscal year.

A number of equities research analysts recently weighed in on SLB shares. Argus started coverage on shares of Schlumberger N.V. in a research note on Monday, August 21st. They issued a “buy” rating on the stock. Loop Capital lowered their target price on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday, July 25th. Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. Instinet reaffirmed a “buy” rating and issued a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $80.00 target price (down from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $79.31.

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.

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

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