State of Wisconsin Investment Board increased its position in Schlumberger N.V. (NYSE:SLB) by 6.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,570,975 shares of the oil and gas company’s stock after buying an additional 97,781 shares during the period. State of Wisconsin Investment Board owned 0.11% of Schlumberger N.V. worth $122,693,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Tradewinds Capital Management LLC boosted its position in shares of Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares in the last quarter. American Research & Management Co. boosted its position in shares of Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares in the last quarter. MCF Advisors LLC boosted its position in shares of Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares in the last quarter. Baystate Wealth Management LLC boosted its position in shares of Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after buying an additional 520 shares in the last quarter. Finally, Point View Wealth Management Inc. boosted its position in shares of Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after buying an additional 160 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Schlumberger N.V. (NYSE SLB) traded up 0.54% on Friday, hitting $63.35. The stock had a trading volume of 4,907,449 shares. The stock’s 50-day moving average price is $65.46 and its 200 day moving average price is $71.59. The company has a market cap of $87.71 billion, a PE ratio of 498.82 and a beta of 1.03. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the firm posted $0.23 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Schlumberger N.V. will post $1.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders 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 3.16%. Schlumberger N.V.’s payout ratio is 1,538.58%.

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Several equities analysts have weighed in on SLB shares. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Scotiabank set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, July 7th. Iberia Capital cut Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $100.00 to $77.00 in a research note on Thursday, June 29th. Morgan Stanley lifted their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 21st. Finally, Bank of America Corporation lowered their target price on Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 30th. Two investment 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 stock. Schlumberger N.V. presently has an average rating of “Buy” and a consensus target price of $86.21.

In other news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was 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 directly owns 5,000 shares of the company’s stock, valued at $349,100. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were 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 directly owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The disclosure for this sale can be found here. Company 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.

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

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