Commerzbank Aktiengesellschaft FI Acquires 22,704 Shares of Schlumberger N.V. (SLB)

Commerzbank Aktiengesellschaft FI lifted its position in Schlumberger N.V. (NYSE:SLB) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,949 shares of the oil and gas company’s stock after acquiring an additional 22,704 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Schlumberger N.V. were worth $15,996,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its holdings in Schlumberger N.V. by 29.8% during 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 in the last quarter. MCF Advisors LLC raised its holdings in shares of 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 purchasing an additional 915 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of 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 purchasing an additional 310 shares in the last quarter. Valley National Advisers Inc. raised its holdings in shares of Schlumberger N.V. by 0.3% in the 2nd quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after purchasing an additional 8 shares in the last quarter. Finally, Baystate Wealth Management LLC raised its holdings in shares of Schlumberger N.V. by 12.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 79.03% of the company’s stock.

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

A number of research analysts have recently issued reports on SLB shares. Jefferies Group LLC reissued a “buy” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research report on Friday, September 29th. BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. boosted their target price on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Cowen and Company set a $80.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Schlumberger N.V. has a consensus rating of “Buy” and an average price target of $79.31.

Shares of Schlumberger N.V. (SLB) opened at $61.72 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. Schlumberger N.V. has a 1-year low of $61.02 and a 1-year high of $87.84. The stock has a market cap of $85,830.00, a PE ratio of 48.03, a P/E/G ratio of 1.89 and a beta of 1.02.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. Schlumberger N.V.’s dividend payout ratio is presently 512.82%.

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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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