Oakworth Capital Inc. Buys 530 Shares of Schlumberger N.V. (SLB)

Oakworth Capital Inc. boosted its stake in shares of Schlumberger N.V. (NYSE:SLB) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,296 shares of the oil and gas company’s stock after acquiring an additional 530 shares during the quarter. Oakworth Capital Inc.’s holdings in Schlumberger N.V. were worth $546,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of Montreal Can raised its position in Schlumberger N.V. by 41.6% during the second quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after acquiring an additional 470,615 shares in the last quarter. SOL Capital Management CO raised its position in Schlumberger N.V. by 8.3% during the second quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock valued at $344,000 after acquiring an additional 400 shares in the last quarter. Villere ST Denis J & Co. LLC raised its position in Schlumberger N.V. by 5.8% during the second quarter. Villere ST Denis J & Co. LLC now owns 125,185 shares of the oil and gas company’s stock valued at $8,242,000 after acquiring an additional 6,850 shares in the last quarter. Puzo Michael J raised its position in Schlumberger N.V. by 6.0% during the second quarter. Puzo Michael J now owns 26,447 shares of the oil and gas company’s stock valued at $1,740,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Schlumberger N.V. by 4.2% during the first quarter. Legal & General Group Plc now owns 6,715,534 shares of the oil and gas company’s stock valued at $524,469,000 after acquiring an additional 273,522 shares in the last quarter. Institutional investors own 78.91% of the company’s stock.

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In other Schlumberger N.V. news, Director Helge Lund acquired 2,800 shares of the stock in a transaction dated Monday, July 24th. The stock was acquired at an average price of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research 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 research report on Friday, July 7th. Iberia Capital cut Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $100.00 to $77.00 in a research report on Thursday, June 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Finally, Morgan Stanley lifted their price target on Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. currently has an average rating of “Buy” and a consensus target price of $83.28.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.

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.

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

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