Marketfield Asset Management LLC Has $5.03 Million Position in Schlumberger N.V. (SLB)

Marketfield Asset Management LLC lowered its stake in Schlumberger N.V. (NYSE:SLB) by 15.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,419 shares of the oil and gas company’s stock after selling 11,564 shares during the quarter. Marketfield Asset Management LLC’s holdings in Schlumberger N.V. were worth $5,031,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tradewinds Capital Management LLC raised its holdings 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 in the last quarter. American Research & Management Co. raised its holdings in shares of Schlumberger N.V. by 8.5% in the 1st quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 106 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 acquiring an additional 915 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in shares of Schlumberger N.V. by 27.6% during the 1st quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 520 shares in the last quarter. Finally, Point View Wealth Management Inc. raised its holdings 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 valued at $201,000 after buying an additional 160 shares in the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.

SLB has been the topic of a number of research reports. Jefferies Group LLC reissued a “buy” rating and set a $92.00 price objective on shares of Schlumberger N.V. in a report on Friday, June 30th. BMO Capital Markets reissued a “buy” rating and set a $89.00 price objective on shares of Schlumberger N.V. in a report on Thursday, June 22nd. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Scotiabank set a $90.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, July 7th. Finally, Credit Suisse Group set a $78.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $85.80.

Shares of Schlumberger N.V. (SLB) traded down 0.68% during trading on Friday, reaching $67.24. The company had a trading volume of 11,428,399 shares. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The stock’s 50-day moving average price is $65.24 and its 200-day moving average price is $70.65. The company has a market capitalization of $93.43 billion, a PE ratio of 395.53 and a beta of 1.03.

Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. On average, equities analysts expect that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.

The firm also recently declared 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. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.

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In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Helge Lund purchased 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, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is 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.

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

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