Bellecapital International Ltd. cut its position in shares of Schlumberger N.V. (NYSE:SLB) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,743 shares of the oil and gas company’s stock after selling 1,989 shares during the period. Schlumberger N.V. makes up 2.4% of Bellecapital International Ltd.’s holdings, making the stock its 16th biggest holding. Bellecapital International Ltd.’s holdings in Schlumberger N.V. were worth $2,748,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of SLB. Tradewinds Capital Management LLC raised its stake in shares of 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 acquiring an additional 307 shares during the period. MCF Advisors LLC raised its stake 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 acquiring an additional 915 shares during the period. Proficio Capital Partners LLC raised its stake 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 acquiring an additional 310 shares during the period. Baystate Wealth Management LLC raised its stake 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 acquiring an additional 305 shares during the period. Finally, Point View Wealth Management Inc. raised its stake in shares of Schlumberger N.V. by 6.6% in the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 160 shares during the period. 78.99% of the stock is currently owned by institutional investors.
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Schlumberger N.V. (SLB) opened at 67.24 on Friday. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84. The firm has a market cap of $93.10 billion, a PE ratio of 529.45 and a beta of 1.03. The stock has a 50 day moving average of $65.24 and a 200 day moving average of $70.65.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts forecast that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The business 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 of this dividend is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.97%. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
In other Schlumberger N.V. news, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helge Lund acquired 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on the stock. J P Morgan Chase & Co reduced their price target on shares of Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 12th. BMO Capital Markets reissued a “buy” rating and issued a $74.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Sanford C. Bernstein reissued an “outperform” rating and issued 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 company a “buy” rating in a research note on Friday, August 25th. Finally, Argus assumed coverage on shares of Schlumberger N.V. in a research note on Monday, August 21st. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $85.80.
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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