Sphera Funds Management LTD. raised its stake in Schlumberger N.V. (NYSE:SLB) by 1.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 34,911 shares of the oil and gas company’s stock after buying an additional 550 shares during the period. Sphera Funds Management LTD.’s holdings in Schlumberger N.V. were worth $2,727,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Tradewinds Capital Management LLC raised its position in shares of Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares in the last quarter. American Research & Management Co. raised its stake in 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 worth $106,000 after buying an additional 106 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares during the last quarter. Advantage Investment Management LLC purchased a new stake in shares of Schlumberger N.V. during the fourth quarter worth about $127,000. Finally, Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Schlumberger N.V. during the fourth quarter worth about $160,000. 79.65% of the stock is currently owned by institutional investors.
Shares of Schlumberger N.V. (NYSE SLB) opened at 63.32 on Friday. The firm has a 50-day moving average of $66.15 and a 200-day moving average of $72.93. Schlumberger N.V. has a one year low of $62.93 and a one year high of $87.84. The company has a market cap of $87.67 billion, a price-to-earnings ratio of 498.58 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results 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 firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Equities research analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current fiscal 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is presently 1,538.58%.
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A number of research analysts have recently weighed in on SLB shares. Jefferies Group LLC reduced their target price on shares of Schlumberger N.V. from $96.00 to $92.00 and set a “buy” rating for the company in a research report on Monday, April 24th. Evercore ISI set a $93.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Saturday, April 22nd. Deutsche Bank AG reduced their target price on shares of Schlumberger N.V. from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, April 24th. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $89.00 price objective on shares of Schlumberger N.V. in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $86.21.
In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the company’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael E. Marks bought 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 14,425 shares of company stock worth $950,782. Company insiders own 0.38% of the company’s stock.
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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