Investment Management of Virginia LLC lowered its stake in shares of Schlumberger N.V. (NYSE:SLB) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,746 shares of the oil and gas company’s stock after selling 2,052 shares during the period. Schlumberger N.V. comprises about 2.1% of Investment Management of Virginia LLC’s holdings, making the stock its 7th largest position. Investment Management of Virginia LLC’s holdings in Schlumberger N.V. were worth $8,415,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC acquired a new stake in shares of Schlumberger N.V. during the fourth quarter valued at about $33,112,000. Zurich Insurance Group Ltd FI raised its position in Schlumberger N.V. by 1.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 202,172 shares of the oil and gas company’s stock valued at $16,972,000 after buying an additional 2,678 shares in the last quarter. AMF Pensionsforsakring AB raised its stake in shares of Schlumberger N.V. by 10.7% in the fourth quarter. AMF Pensionsforsakring AB now owns 1,408,211 shares of the oil and gas company’s stock valued at $118,219,000 after buying an additional 135,798 shares during the period. Intact Investment Management Inc. raised its stake in shares of Schlumberger N.V. by 62.8% in the fourth quarter. Intact Investment Management Inc. now owns 11,150 shares of the oil and gas company’s stock valued at $936,000 after buying an additional 4,300 shares during the period. Finally, William Blair Investment Management LLC raised its stake in shares of Schlumberger N.V. by 4.2% in the fourth quarter. William Blair Investment Management LLC now owns 1,374,707 shares of the oil and gas company’s stock valued at $115,407,000 after buying an additional 55,603 shares during the period. 79.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Schlumberger N.V. (NYSE SLB) traded up 0.46% on Friday, hitting $63.32. The stock had a trading volume of 9,096,305 shares. The stock has a market cap of $87.67 billion, a P/E ratio of 498.58 and a beta of 1.02. The firm’s 50-day moving average is $66.15 and its 200 day moving average is $72.93. Schlumberger N.V. has a 1-year low of $62.93 and a 1-year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results 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. The company had revenue of $7.46 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted $0.23 EPS. Equities analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is presently 1,538.58%.
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A number of brokerages have issued reports on SLB. Jefferies Group LLC cut their price target on shares of Schlumberger N.V. from $96.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, April 24th. Evercore ISI set a $93.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Saturday, April 22nd. Deutsche Bank AG lowered their price target on Schlumberger N.V. from $100.00 to $90.00 and set a “buy” rating for the company in a report on Monday, April 24th. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Finally, BMO Capital Markets reissued 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 given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus price target of $86.21.
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 acquired at an average price of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Helge Lund purchased 2,800 shares of the company’s stock in a transaction on Monday, July 24th. The stock was purchased 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. Insiders have purchased a total of 14,425 shares of company stock worth $950,782 in the last ninety days. 0.38% of the stock is currently owned by company 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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