Busey Trust CO 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 131,643 shares of the oil and gas company’s stock after buying an additional 2,031 shares during the period. Schlumberger N.V. comprises approximately 1.2% of Busey Trust CO’s portfolio, making the stock its 27th largest position. Busey Trust CO’s holdings in Schlumberger N.V. were worth $10,281,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of SLB. Capital International Ltd. CA boosted its stake in shares of Schlumberger N.V. by 5.6% in the fourth quarter. Capital International Ltd. CA now owns 434,521 shares of the oil and gas company’s stock valued at $36,478,000 after buying an additional 23,025 shares in the last quarter. Capital International Inc. CA boosted its stake in shares of Schlumberger N.V. by 14.8% in the fourth quarter. Capital International Inc. CA now owns 105,254 shares of the oil and gas company’s stock valued at $8,836,000 after buying an additional 13,550 shares in the last quarter. Princeton Portfolio Strategies Group LLC boosted its stake in shares of Schlumberger N.V. by 7.5% in the fourth quarter. Princeton Portfolio Strategies Group LLC now owns 62,467 shares of the oil and gas company’s stock valued at $5,244,000 after buying an additional 4,384 shares in the last quarter. Rocky Mountain Advisers LLC boosted 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. Finally, Congress Asset Management Co. MA acquired a new stake in shares of Schlumberger N.V. during the fourth quarter valued at $48,629,000. 79.65% of the stock is currently owned by institutional investors.
Shares of Schlumberger N.V. (NYSE SLB) opened at 63.32 on Friday. Schlumberger N.V. has a 52 week low of $62.93 and a 52 week high of $87.84. The stock has a market capitalization of $87.67 billion, a PE ratio of 498.58 and a beta of 1.02. The company’s 50 day moving average is $66.15 and its 200-day moving average is $72.93.
Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The firm also recently declared 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 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
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Several brokerages recently weighed in on SLB. Jefferies Group LLC reduced their price objective 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 shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, April 22nd. Barclays PLC restated an “overweight” rating and issued a $107.00 target price on shares of Schlumberger N.V. in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $95.00 target price on shares of Schlumberger N.V. in a report on Monday, April 24th. Finally, SunTrust Banks, Inc. dropped their target price on shares of Schlumberger N.V. from $92.00 to $82.00 and set a “hold” rating on the stock in a report on Tuesday, April 25th. Two 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 issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $86.21.
In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tore I. Sandvold sold 5,000 shares of the company’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 sale, the director now directly owns 5,000 shares in the company, valued at approximately $349,100. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 14,425 shares of company stock worth $950,782. 0.38% of the stock is owned by 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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