SNS Financial Group LLC lowered its position in shares of Schlumberger N.V. (NYSE:SLB) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,121 shares of the oil and gas company’s stock after selling 98 shares during the period. SNS Financial Group LLC’s holdings in Schlumberger N.V. were worth $205,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Valley National Advisers Inc. increased its stake in shares of Schlumberger N.V. by 0.3% during the second quarter. Valley National Advisers Inc. now owns 2,594 shares of the oil and gas company’s stock valued at $171,000 after buying an additional 8 shares during the period. Family Legacy Inc. increased its stake in shares of Schlumberger N.V. by 0.9% during the second quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 30 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of Schlumberger N.V. by 0.3% during the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock valued at $848,000 after buying an additional 36 shares during the period. Delta Asset Management LLC TN increased its stake in shares of Schlumberger N.V. by 0.8% during the second quarter. Delta Asset Management LLC TN now owns 5,189 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 40 shares during the period. Finally, Dynamic Advisors Solutions LLC increased its stake in shares of Schlumberger N.V. by 0.4% during the second quarter. Dynamic Advisors Solutions LLC now owns 10,609 shares of the oil and gas company’s stock valued at $698,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 79.03% of the company’s stock.
Several equities analysts have recently commented on SLB shares. Citigroup Inc. raised their price target on Schlumberger N.V. from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 5th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price objective on shares of Schlumberger N.V. in a research report on Friday, September 29th. Loop Capital dropped their price objective on Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Argus started coverage on Schlumberger N.V. in a research report on Monday, August 21st. They set a “buy” rating on the stock. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $74.00 price objective on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $79.31.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger N.V.’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $0.25 earnings per share. equities analysts predict that Schlumberger N.V. will post 1.47 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger N.V.’s dividend payout ratio is currently 512.82%.
In other news, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company 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.
Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schlumberger N.V. (NYSE:SLB).
Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with MarketBeat.com's FREE daily email newsletter.