Regent Investment Management LLC decreased its position in shares of Schlumberger N.V. (NYSE:SLB) by 2.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,513 shares of the oil and gas company’s stock after selling 250 shares during the period. Regent Investment Management LLC’s holdings in Schlumberger N.V. were worth $824,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in SLB. Shelton Capital Management boosted its stake in shares of Schlumberger N.V. by 17.8% in the fourth quarter. Shelton Capital Management now owns 83,650 shares of the oil and gas company’s stock worth $7,022,000 after buying an additional 12,655 shares during the last quarter. National Pension Service boosted its stake in shares of Schlumberger N.V. by 4.5% in the first quarter. National Pension Service now owns 964,626 shares of the oil and gas company’s stock worth $75,086,000 after buying an additional 41,903 shares during the last quarter. Rathbone Brothers plc boosted its stake in shares of Schlumberger N.V. by 1.2% in the first quarter. Rathbone Brothers plc now owns 126,286 shares of the oil and gas company’s stock worth $9,863,000 after buying an additional 1,537 shares during the last quarter. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Schlumberger N.V. during the fourth quarter worth approximately $160,000. Finally, First United Bank Trust boosted its stake in shares of Schlumberger N.V. by 9.8% in the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock worth $1,026,000 after buying an additional 1,175 shares during the last quarter. Institutional investors own 79.14% of the company’s stock.
Shares of Schlumberger N.V. (SLB) traded down 0.89% during midday trading on Friday, reaching $63.83. 4,627,489 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $66.44 and its 200-day moving average is $73.68. Schlumberger N.V. has a 12-month low of $63.74 and a 12-month high of $87.84. The stock has a market cap of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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A number of analysts recently commented on SLB shares. Barclays PLC restated an “overweight” rating and set a $107.00 price target on shares of Schlumberger N.V. in a research note on Monday, April 24th. Morgan Stanley upped their price target on shares of 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. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $92.00 target price on shares of Schlumberger N.V. in a research note on Friday, June 30th. Finally, Vetr upgraded shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research note on Thursday, April 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.40.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the transaction, the president now owns 96,175 shares in the company, valued at $6,652,424.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction 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 owns 5,000 shares in the company, valued at approximately $349,100. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.
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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