Arrow Financial Corp raised its stake in Schlumberger N.V. (NYSE:SLB) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,193 shares of the oil and gas company’s stock after buying an additional 186 shares during the period. Arrow Financial Corp’s holdings in Schlumberger N.V. were worth $1,733,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Shelton Capital Management increased its position in 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 in the last quarter. National Pension Service increased 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 in the last quarter. Rathbone Brothers plc increased 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 in the last quarter. Jackson Grant Investment Advisers Inc. acquired a new stake in Schlumberger N.V. during the fourth quarter worth $160,000. Finally, First United Bank Trust raised its stake in 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 and hedge funds own 79.41% of the company’s stock.
Schlumberger N.V. (NYSE SLB) opened at 66.83 on Tuesday. The stock’s 50 day moving average price is $68.98 and its 200 day moving average price is $77.62. The company’s market capitalization is $92.86 billion. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. The firm had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities research analysts anticipate that Schlumberger N.V. will post $1.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Thursday, June 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, May 30th. Schlumberger N.V.’s dividend payout ratio is currently -144.93%.
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SLB has been the topic of several analyst reports. Barclays PLC reiterated an “overweight” rating and issued a $107.00 target price on shares of Schlumberger N.V. in a research note on Monday, April 24th. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $99.00 target price on shares of Schlumberger N.V. in a report on Thursday, April 6th. Vetr raised Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price for the company in a report on Thursday, April 20th. Finally, Deutsche Bank AG decreased their target price on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, April 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $88.85.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of Schlumberger N.V. stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $349,100. The disclosure for this sale can be found here. 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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