Schlumberger N.V. (SLB) Position Maintained by Glenmede Trust Co. NA

Glenmede Trust Co. NA continued to hold its stake in shares of Schlumberger N.V. (NYSE:SLB) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,398,857 shares of the oil and gas company’s stock at the end of the 1st quarter. Schlumberger N.V. makes up 0.6% of Glenmede Trust Co. NA’s investment portfolio, making the stock its 19th biggest holding. Glenmede Trust Co. NA owned 0.10% of Schlumberger N.V. worth $117,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. First United Bank Trust lifted its position in shares of Schlumberger N.V. by 9.8% during the 1st 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 in the last quarter. Jolley Asset Management LLC lifted its position in shares of Schlumberger N.V. by 10.0% during the 1st 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 in the last quarter. Hartford Financial Management Inc. lifted its position in shares of Schlumberger N.V. by 23.0% during the 1st quarter. Hartford Financial Management Inc. now owns 3,631 shares of the oil and gas company’s stock worth $283,000 after buying an additional 680 shares in the last quarter. Bollard Group LLC lifted its position in shares of Schlumberger N.V. by 10.3% during the 1st quarter. Bollard Group LLC now owns 16,134 shares of the oil and gas company’s stock worth $1,260,000 after buying an additional 1,504 shares in the last quarter. Finally, Eastern Bank lifted its position in shares of Schlumberger N.V. by 76.2% during the 1st quarter. Eastern Bank now owns 42,082 shares of the oil and gas company’s stock worth $3,287,000 after buying an additional 18,196 shares in the last quarter. Institutional investors own 78.99% of the company’s stock.

Shares of Schlumberger N.V. (SLB) traded down 1.53% during midday trading on Friday, reaching $64.86. 5,486,979 shares of the company’s stock were exchanged. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84. The company has a market cap of $89.80 billion, a price-to-earnings ratio of 510.71 and a beta of 1.03. The stock’s 50 day moving average price is $65.26 and its 200 day moving average price is $71.13.

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, beating the consensus estimate 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 business had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the previous year, the business posted $0.23 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.08%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.

In other news, Director Michael E. Marks acquired 8,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $64.20 per share, with a total value of $513,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of Schlumberger N.V. stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the transaction, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

SLB has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $92.00 target price on shares of Schlumberger N.V. in a research report on Friday, June 30th. BMO Capital Markets reissued a “buy” rating and set a $89.00 target price on shares of Schlumberger N.V. in a research report on Thursday, June 22nd. UBS AG 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, June 16th. 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. Finally, Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Monday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $86.21.

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About Schlumberger N.V.

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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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