Skylands Capital LLC Has $151,000 Position in Schlumberger N.V. (SLB)
Skylands Capital LLC held its stake in Schlumberger N.V. (NYSE:SLB) during the second quarter, Holdings Channel reports. The institutional investor owned 2,290 shares of the oil and gas company’s stock at the end of the second quarter. Skylands Capital LLC’s holdings in Schlumberger N.V. were worth $151,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SLB. Rosenbaum Jay D. raised its position in shares of Schlumberger N.V. by 5.5% in the first quarter. Rosenbaum Jay D. now owns 16,930 shares of the oil and gas company’s stock valued at $1,323,000 after buying an additional 875 shares in the last quarter. Cohen Lawrence B raised its position in shares of Schlumberger N.V. by 1.7% in the first quarter. Cohen Lawrence B now owns 38,826 shares of the oil and gas company’s stock valued at $3,032,000 after buying an additional 655 shares in the last quarter. Triangle Securities Wealth Management raised its position in shares of Schlumberger N.V. by 2.1% in the first quarter. Triangle Securities Wealth Management now owns 16,070 shares of the oil and gas company’s stock valued at $1,255,000 after buying an additional 338 shares in the last quarter. Bath Savings Trust Co raised its position in shares of Schlumberger N.V. by 5.4% in the first quarter. Bath Savings Trust Co now owns 5,010 shares of the oil and gas company’s stock valued at $392,000 after buying an additional 258 shares in the last quarter. Finally, Park National Corp OH raised its position in shares of Schlumberger N.V. by 3.6% in the first quarter. Park National Corp OH now owns 139,352 shares of the oil and gas company’s stock valued at $10,884,000 after buying an additional 4,805 shares in the last quarter. Institutional investors own 79.65% of the company’s stock.
Shares of Schlumberger N.V. (SLB) traded up 0.28% during midday trading on Monday, hitting $64.01. 1,441,132 shares of the stock were exchanged. The firm has a market cap of $88.62 billion, a PE ratio of 504.02 and a beta of 1.02. Schlumberger N.V. has a 52-week low of $63.67 and a 52-week high of $87.84. The firm’s 50-day moving average is $66.44 and its 200 day moving average is $73.68.
Schlumberger N.V. (NYSE:SLB) last posted its 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. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. On average, analysts forecast 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. Investors 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 yield of 3.13%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
Several research analysts recently issued reports on the stock. UBS AG set a $90.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. BidaskClub lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Evercore ISI set a $93.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, April 22nd. Finally, Loop Capital dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. Schlumberger N.V. presently has a consensus rating of “Buy” and an average price target of $86.40.
In related news, Director Helge Lund purchased 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the sale, the president now owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.
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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