Puzo Michael J decreased its position in shares of Schlumberger N.V. (NYSE:SLB) by 1.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,947 shares of the oil and gas company’s stock after selling 458 shares during the quarter. Puzo Michael J’s holdings in Schlumberger N.V. were worth $1,948,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Broderick Brian C raised its holdings in Schlumberger N.V. by 2.0% during the 1st quarter. Broderick Brian C now owns 28,314 shares of the oil and gas company’s stock worth $2,211,000 after purchasing an additional 559 shares during the last quarter. Gardiner Nancy B raised its holdings in Schlumberger N.V. by 12.8% during the 1st quarter. Gardiner Nancy B now owns 7,301 shares of the oil and gas company’s stock worth $571,000 after purchasing an additional 826 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Schlumberger N.V. during the 1st quarter worth approximately $20,936,000. Security National Bank of SO Dak raised its holdings in Schlumberger N.V. by 8.0% during the 1st quarter. Security National Bank of SO Dak now owns 14,722 shares of the oil and gas company’s stock worth $1,150,000 after purchasing an additional 1,094 shares during the last quarter. Finally, Security National Bank of Sioux City Iowa IA raised its holdings in Schlumberger N.V. by 6.2% during the 1st quarter. Security National Bank of Sioux City Iowa IA now owns 16,220 shares of the oil and gas company’s stock worth $1,266,000 after purchasing an additional 945 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.
In other Schlumberger N.V. news, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helge Lund acquired 2,800 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company insiders.
Several research analysts have issued reports on the stock. Bank of America Corporation lowered their price target on shares of Schlumberger N.V. from $70.00 to $69.00 and set a “neutral” rating for the company in a report on Tuesday, May 30th. BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Finally, HSBC Holdings plc restated a “neutral” rating and set a $80.00 price target (down previously from $86.00) on shares of Schlumberger N.V. in a report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have assigned a strong buy rating to the company. Schlumberger N.V. currently has a consensus rating of “Buy” and an average price target of $85.80.
Shares of Schlumberger N.V. (SLB) traded up 1.02% during trading on Tuesday, hitting $66.44. 2,530,036 shares of the company were exchanged. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84. The stock has a market capitalization of $91.99 billion, a PE ratio of 523.15 and a beta of 1.03. The company has a 50 day moving average of $65.22 and a 200-day moving average of $70.93.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the 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 firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period last year, the company earned $0.23 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. 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. Stockholders of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.04%. Schlumberger N.V.’s payout ratio is presently 1,538.58%.
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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