Page Arthur B increased its stake in Schlumberger NV (NYSE:SLB) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,058 shares of the company’s stock after buying an additional 50 shares during the period. Schlumberger NV comprises about 2.9% of Page Arthur B’s portfolio, making the stock its 11th largest position. Page Arthur B’s holdings in Schlumberger NV were worth $2,852,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FormulaFolio Investments LLC boosted its stake in Schlumberger NV by 0.6% in the second quarter. FormulaFolio Investments LLC now owns 3,319 shares of the company’s stock worth $262,000 after buying an additional 20 shares during the last quarter. River Wealth Advisors LLC raised its position in Schlumberger NV by 0.3% in the second quarter. River Wealth Advisors LLC now owns 17,654 shares of the company’s stock worth $1,396,000 after buying an additional 46 shares during the period. First United Bank Trust raised its position in Schlumberger NV by 0.4% in the second quarter. First United Bank Trust now owns 12,076 shares of the company’s stock worth $955,000 after buying an additional 52 shares during the period. Traynor Capital Management Inc. raised its position in Schlumberger NV by 1.1% in the second quarter. Traynor Capital Management Inc. now owns 5,151 shares of the company’s stock worth $399,000 after buying an additional 56 shares during the period. Finally, Investors Capital Advisory Services raised its position in Schlumberger NV by 1.5% in the second quarter. Investors Capital Advisory Services now owns 3,930 shares of the company’s stock worth $309,000 after buying an additional 58 shares during the period. Institutional investors own 78.39% of the company’s stock.
Schlumberger NV (NYSE:SLB) traded down 1.42% during trading on Friday, reaching $75.92. 6,847,404 shares of the company were exchanged. The firm’s 50 day moving average price is $79.67 and its 200-day moving average price is $77.51. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97. The stock’s market capitalization is $105.58 billion.
Schlumberger NV (NYSE:SLB) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.02. The business earned $7.16 billion during the quarter, compared to analyst estimates of $7.09 billion. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. On average, equities research analysts predict that Schlumberger NV will post $1.12 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.63%. Schlumberger NV’s dividend payout ratio (DPR) is presently -168.07%.
SLB has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Schlumberger NV from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 2nd. Credit Suisse Group AG restated a “buy” rating on shares of Schlumberger NV in a research report on Thursday, June 2nd. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of Schlumberger NV in a research report on Wednesday, June 8th. Vetr upgraded shares of Schlumberger NV from a “buy” rating to a “strong-buy” rating and set a $86.33 price target on the stock in a research report on Wednesday, June 15th. Finally, Simmons restated an “outperform” rating and issued a $84.00 price target (down from $86.00) on shares of Schlumberger NV in a research report on Monday, June 20th. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger NV currently has a consensus rating of “Buy” and a consensus price target of $90.61.
In other news, insider Howard Guild sold 11,900 shares of the company’s stock in a transaction on 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 owns 19,781 shares in the company, valued at approximately $1,608,590.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Simon Ayat sold 50,000 shares of the company’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $83.68, for a total transaction of $4,184,000.00. Following the completion of the sale, the chief financial officer now owns 153,335 shares of the company’s stock, valued at approximately $12,831,072.80. The disclosure for this sale can be found here. Company insiders own 0.36% of the company’s stock.
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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