HL Financial Services LLC boosted its position in shares of Schlumberger NV (NYSE:SLB) by 2.3% during the second quarter, Holdings Channel reports. The institutional investor owned 64,129 shares of the company’s stock after buying an additional 1,455 shares during the period. HL Financial Services LLC’s holdings in Schlumberger NV were worth $5,071,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the stock. New Harbor Financial Group LLC boosted its stake in Schlumberger NV by 50.0% in the second quarter. New Harbor Financial Group LLC now owns 1,500 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Trust Department MB Financial Bank N A boosted its position in Schlumberger NV by 9.6% in the second quarter. Trust Department MB Financial Bank N A now owns 1,753 shares of the company’s stock worth $139,000 after buying an additional 153 shares during the period. North Star Investment Management Corp. boosted its position in Schlumberger NV by 23.6% in the second quarter. North Star Investment Management Corp. now owns 1,830 shares of the company’s stock worth $145,000 after buying an additional 350 shares during the period. FCM Investments TX boosted its position in Schlumberger NV by 25.0% in the second quarter. FCM Investments TX now owns 2,000 shares of the company’s stock worth $158,000 after buying an additional 400 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in Schlumberger NV by 23.0% in the second quarter. Cornerstone Advisors Inc. now owns 2,084 shares of the company’s stock worth $165,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 78.39% of the company’s stock.
Shares of Schlumberger NV (NYSE:SLB) traded down 0.14% during trading on Friday, hitting $81.31. 5,305,592 shares of the stock traded hands. The company has a 50 day moving average price of $78.71 and a 200 day moving average price of $77.85. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97. The firm’s market cap is $113.08 billion.
Schlumberger NV (NYSE:SLB) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.09 billion. Analysts anticipate that Schlumberger NV will post $1.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
A number of research firms have issued reports on SLB. Loop Capital began coverage on Schlumberger NV in a report on Friday, September 30th. They set a “buy” rating and a $90.00 target price for the company. Citigroup Inc. lowered their target price on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating for the company in a report on Monday, September 12th. Guggenheim reiterated a “buy” rating on shares of Schlumberger NV in a report on Wednesday, August 31st. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger NV in a report on Friday, August 19th. Finally, Nomura set a $91.00 target price on Schlumberger NV and gave the stock a “buy” rating in a report on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $90.59.
In other news, insider Howard Guild sold 11,900 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $81.32, for a total value of $967,708.00. Following the completion of the sale, the insider now directly owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Tore I. Sandvold sold 2,500 shares of the firm’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $78.09, for a total transaction of $195,225.00. Following the completion of the sale, the director now directly owns 17,750 shares of the company’s stock, valued at $1,386,097.50. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.
About Schlumberger NV
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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