Tokio Marine Asset Management Co. Ltd. trimmed its position in shares of Schlumberger N.V. (NYSE:SLB) by 13.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,927 shares of the oil and gas company’s stock after selling 6,552 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Schlumberger N.V. were worth $2,695,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CGOV Asset Management grew its holdings in Schlumberger N.V. by 27.1% in the 1st quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock valued at $4,297,000 after buying an additional 8,800 shares in the last quarter. Waldron LP grew its holdings in Schlumberger N.V. by 76.5% in the 1st quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock valued at $568,000 after buying an additional 3,150 shares in the last quarter. Crestwood Advisors Group LLC grew its holdings in Schlumberger N.V. by 3.9% in the 1st quarter. Crestwood Advisors Group LLC now owns 228,298 shares of the oil and gas company’s stock valued at $17,830,000 after buying an additional 8,552 shares in the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC grew its holdings in Schlumberger N.V. by 26.2% in the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 14,198 shares of the oil and gas company’s stock valued at $1,108,000 after buying an additional 2,945 shares in the last quarter. Finally, First Manhattan Co. grew its holdings in Schlumberger N.V. by 134.9% in the 1st quarter. First Manhattan Co. now owns 57,046 shares of the oil and gas company’s stock valued at $4,486,000 after buying an additional 32,764 shares in the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Shares of Schlumberger N.V. (SLB) opened at 68.34 on Friday. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84. The firm’s 50-day moving average price is $66.39 and its 200 day moving average price is $69.47. The stock has a market cap of $94.62 billion, a P/E ratio of 538.11 and a beta of 1.05.

Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities research analysts expect that Schlumberger N.V. will post $1.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.

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SLB has been the subject of several analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Morgan Stanley upped their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 21st. Jefferies Group LLC set a $80.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, August 25th. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Scotiabank set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, July 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $84.52.

In related news, Director Michael E. Marks acquired 8,000 shares of Schlumberger N.V. stock in a transaction on Friday, August 11th. The shares were bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Helge Lund acquired 2,800 shares of Schlumberger N.V. stock in a transaction on Monday, July 24th. The shares were bought at an average price of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

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

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