Shelton Capital Management Grows Stake in Schlumberger N.V. (SLB)

Shelton Capital Management grew its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 102.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 168,990 shares of the oil and gas company’s stock after buying an additional 85,340 shares during the quarter. Schlumberger N.V. accounts for about 0.8% of Shelton Capital Management’s investment portfolio, making the stock its 23rd biggest position. Shelton Capital Management’s holdings in Schlumberger N.V. were worth $13,198,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. First Eagle Investment Management LLC lifted its holdings in Schlumberger N.V. by 71.4% during the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock worth $613,696,000 after buying an additional 3,272,127 shares during the period. American Century Companies Inc. lifted its holdings in shares of Schlumberger N.V. by 30.8% during the 1st quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after purchasing an additional 1,959,214 shares during the last quarter. Pioneer Investment Management Inc. lifted its holdings in shares of Schlumberger N.V. by 52.7% during the 1st quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock valued at $352,594,000 after purchasing an additional 1,557,982 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Schlumberger N.V. by 25.8% during the 1st quarter. Swiss National Bank now owns 5,241,535 shares of the oil and gas company’s stock valued at $409,364,000 after purchasing an additional 1,075,000 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Schlumberger N.V. by 1.1% during the 1st quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after purchasing an additional 769,874 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors.

Shares of Schlumberger N.V. (NYSE SLB) traded down 0.68% on Friday, reaching $67.24. 11,428,399 shares of the company’s stock traded hands. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84. The company has a 50 day moving average price of $65.24 and a 200 day moving average price of $70.65. The firm has a market capitalization of $93.10 billion, a price-to-earnings ratio of 529.45 and a beta of 1.03.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.

Several equities research analysts have weighed in on the company. Jefferies Group LLC set a $80.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub cut Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Wells Fargo & Company restated an “outperform” rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Barclays PLC cut Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $98.00 to $73.00 in a research report on Wednesday, June 21st. Finally, Sanford C. Bernstein upgraded Schlumberger N.V. from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.80.

In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.

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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.

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

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