Tiemann Investment Advisors LLC continued to hold its stake in shares of Schlumberger N.V. (NYSE:SLB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,538 shares of the oil and gas company’s stock at the end of the first quarter. Tiemann Investment Advisors LLC’s holdings in Schlumberger N.V. were worth $276,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. National Pension Service raised 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 period. Rathbone Brothers plc raised 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 period. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Schlumberger N.V. during the fourth quarter worth about $160,000. First United Bank Trust raised 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 period. Finally, Jolley Asset Management LLC raised its stake in shares of Schlumberger N.V. by 10.0% in the first quarter. Jolley Asset Management LLC now owns 44,249 shares of the oil and gas company’s stock worth $3,456,000 after buying an additional 4,037 shares during the period. 79.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE:SLB) opened at 63.32 on Friday. The company has a market capitalization of $87.67 billion, a price-to-earnings ratio of 498.58 and a beta of 1.02. Schlumberger N.V. has a 12 month low of $62.93 and a 12 month high of $87.84. 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 posted its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the firm posted $0.23 EPS. Schlumberger N.V.’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate 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. 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 3.16%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
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A number of equities research analysts have issued reports on SLB shares. Barclays PLC reissued an “overweight” rating and issued a $107.00 price target on shares of Schlumberger N.V. in a report on Monday, April 24th. Morgan Stanley raised their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $92.00 target price on shares of Schlumberger N.V. in a research report on Friday, June 30th. Finally, Scotiabank set a $90.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.21.
In other news, Director Helge Lund acquired 2,800 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 14,425 shares of company stock valued at $950,782 over the last three months. 0.38% of the stock is currently 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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