Univest Corp of Pennsylvania boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,149 shares of the oil and gas company’s stock after acquiring an additional 331 shares during the quarter. Univest Corp of Pennsylvania’s holdings in Schlumberger N.V. were worth $2,248,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 307 shares during the period. MCF Advisors LLC grew its holdings in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 915 shares during the period. Proficio Capital Partners LLC grew its holdings in Schlumberger N.V. by 18.0% during the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 310 shares during the period. Independence Advisors LLC bought a new stake in Schlumberger N.V. during the second quarter valued at about $288,000. Finally, Baystate Wealth Management LLC grew its holdings in Schlumberger N.V. by 27.6% during the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 520 shares during the period. Institutional investors own 78.91% of the company’s stock.
In other news, Director Helge Lund acquired 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.
Several analysts have issued reports on the company. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Scotiabank set a $90.00 price target on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, July 7th. Iberia Capital lowered Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $100.00 to $77.00 in a report on Thursday, June 29th. Sanford C. Bernstein reissued an “outperform” rating and set a $80.00 price target on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Finally, Morgan Stanley boosted their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the company. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus target price of $83.36.
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Schlumberger N.V. (NYSE SLB) opened at 68.33 on Wednesday. The company has a market cap of $94.60 billion, a price-to-earnings ratio of 538.03 and a beta of 1.05. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84. The stock has a 50 day moving average price of $66.68 and a 200-day moving average price of $69.21.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm 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 earned $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 forecast that Schlumberger N.V. will post $1.52 EPS 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 $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.93%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
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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