Taylor Cottrill Erickson & Associates Inc. Acquires 4,614 Shares of Schlumberger N.V. (SLB)
Taylor Cottrill Erickson & Associates Inc. grew its holdings in Schlumberger N.V. (NYSE:SLB) by 44.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,948 shares of the oil and gas company’s stock after purchasing an additional 4,614 shares during the quarter. Taylor Cottrill Erickson & Associates Inc.’s holdings in Schlumberger N.V. were worth $984,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SLB. Wealth Architects LLC increased its holdings in Schlumberger N.V. by 0.3% during the 1st quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock worth $313,000 after purchasing an additional 13 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in Schlumberger N.V. by 0.5% in the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock valued at $291,000 after purchasing an additional 18 shares in the last quarter. Syntal Capital Partners LLC raised its position in Schlumberger N.V. by 0.5% in the 1st quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock valued at $439,000 after purchasing an additional 29 shares in the last quarter. Family Legacy Inc. raised its position in Schlumberger N.V. by 0.9% in the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after purchasing an additional 30 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in Schlumberger N.V. by 0.3% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after purchasing an additional 36 shares in the last quarter. 78.90% of the stock is owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE SLB) opened at 69.76 on Monday. The stock has a 50 day moving average of $65.20 and a 200 day moving average of $70.30. The stock has a market cap of $96.58 billion, a P/E ratio of 549.29 and a beta of 1.03. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 during the quarter, compared to the consensus estimate of $7.25 billion. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities analysts expect that Schlumberger N.V. will post $1.53 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.87%. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
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In other news, Director Michael E. Marks bought 8,000 shares of Schlumberger N.V. stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $64.20 per share, with a total value of $513,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Helge Lund bought 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The shares were purchased at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company insiders.
SLB has been the subject of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price objective on shares of Schlumberger N.V. in a research note on Friday. BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. 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. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, Morgan Stanley raised their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 21st. 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 issued a strong buy rating to the stock. Schlumberger N.V. currently has an average rating of “Buy” and an average 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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