9,100 Shares in Schlumberger N.V. (SLB) Acquired by Providence First Trust Co

Providence First Trust Co acquired a new stake in Schlumberger N.V. (NYSE:SLB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,100 shares of the oil and gas company’s stock, valued at approximately $599,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tradewinds Capital Management LLC increased its stake in Schlumberger N.V. by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares during the period. MCF Advisors LLC increased its stake in Schlumberger N.V. by 130.3% in the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares during the period. Proficio Capital Partners LLC increased its stake in Schlumberger N.V. by 18.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 310 shares during the period. Independence Advisors LLC acquired a new position in shares of Schlumberger N.V. during the 2nd quarter worth $288,000. Finally, Point View Wealth Management Inc. grew its stake in shares of Schlumberger N.V. by 6.6% during the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 160 shares during the period. 79.13% of the stock is currently owned by institutional investors.

Schlumberger N.V. (SLB) opened at $61.96 on Friday. The firm has a market cap of $84,930.00, a PE ratio of 48.67, a PEG ratio of 1.92 and a beta of 1.02. Schlumberger N.V. has a 1-year low of $61.02 and a 1-year high of $87.84. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40.

Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 EPS. research analysts anticipate that Schlumberger N.V. will post 1.47 earnings per share for the current year.

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SLB has been the topic of a number of recent analyst reports. Piper Jaffray Companies set a $74.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, August 25th. Scotiabank set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 21st. Finally, Goldman Sachs Group, Inc. (The) cut shares of Schlumberger N.V. from a “conviction-buy” rating to a “buy” rating and set a $75.00 price target on the stock. in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $79.31.

In related news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

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

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