GFS Advisors LLC held its stake in shares of Schlumberger N.V. (NYSE:SLB) during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,037 shares of the oil and gas company’s stock at the end of the first quarter. GFS Advisors LLC’s holdings in Schlumberger N.V. were worth $237,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new stake in shares of Schlumberger N.V. during the fourth quarter valued at $101,000. Rocky Mountain Advisers LLC increased its stake in shares of Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares in the last quarter. American Research & Management Co. increased its stake 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 valued at $106,000 after buying an additional 106 shares in the last quarter. Advantage Investment Management LLC acquired a new stake in shares of Schlumberger N.V. during the fourth quarter valued at $127,000. Finally, Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Schlumberger N.V. during the fourth quarter valued at $160,000. Institutional investors own 79.36% of the company’s stock.
Schlumberger N.V. (SLB) opened at 66.85 on Friday. The firm’s market cap is $92.89 billion. The company’s 50 day moving average is $68.98 and its 200-day moving average is $77.62. Schlumberger N.V. has a 1-year low of $65.10 and a 1-year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. The company had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same period in the prior year, the business earned $0.40 earnings per share. Schlumberger N.V.’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts predict that Schlumberger N.V. will post $1.44 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.99%. Schlumberger N.V.’s payout ratio is -144.93%.
Several analysts have recently weighed in on the company. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $74.00 price target (down previously from $89.00) on shares of Schlumberger N.V. in a research report on Thursday. Scotiabank set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, July 7th. Finally, Evercore ISI set a $93.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Saturday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $88.85.
In other news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $349,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter L. S. Currie bought 3,625 shares of Schlumberger N.V. stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the completion of the transaction, the director now directly owns 31,550 shares of the company’s stock, valued at approximately $2,177,581. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by corporate 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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