WealthTrust Axiom LLC held its position in Schlumberger NV (NYSE:SLB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,859 shares of the company’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in Schlumberger NV were worth $858,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the company. Conning Inc. boosted its position in Schlumberger NV by 9.7% in the second quarter. Conning Inc. now owns 41,941 shares of the company’s stock valued at $3,317,000 after buying an additional 3,703 shares during the period. Green Square Capital LLC acquired a new position in Schlumberger NV during the second quarter valued at approximately $219,000. PGGM Investments boosted its position in Schlumberger NV by 37.7% in the second quarter. PGGM Investments now owns 414,592 shares of the company’s stock valued at $32,786,000 after buying an additional 113,523 shares during the period. Genesee Valley Trust Co. boosted its position in Schlumberger NV by 27.9% in the second quarter. Genesee Valley Trust Co. now owns 21,773 shares of the company’s stock valued at $1,722,000 after buying an additional 4,744 shares during the period. Finally, Deltec Asset Management LLC boosted its position in Schlumberger NV by 125.1% in the second quarter. Deltec Asset Management LLC now owns 36,347 shares of the company’s stock valued at $2,874,000 after buying an additional 20,200 shares during the period. Hedge funds and other institutional investors own 78.39% of the company’s stock.
Shares of Schlumberger NV (NYSE:SLB) traded down 0.31% on Wednesday, hitting $81.44. The company had a trading volume of 4,059,726 shares. Schlumberger NV has a 12-month low of $59.60 and a 12-month high of $83.97. The firm’s market capitalization is $113.26 billion. The firm has a 50 day moving average of $78.67 and a 200-day moving average of $78.02.
Schlumberger NV (NYSE:SLB) last posted its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. The firm earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. On average, equities analysts predict that Schlumberger NV will post $1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. Schlumberger NV’s payout ratio is -168.07%.
Several research firms have recently commented on SLB. Howard Weil increased their target price on Schlumberger NV from $80.00 to $90.00 and gave the company a “sector outperform” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Schlumberger NV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 27th. Jefferies Group reiterated a “hold” rating and set a $85.00 target price (up from $80.00) on shares of Schlumberger NV in a research note on Monday, July 11th. Citigroup Inc. dropped their price target on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. Finally, Vetr reissued a “buy” rating on shares of Schlumberger NV in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $90.69.
In other news, Director Tore I. Sandvold sold 2,500 shares of the company’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 transaction, the director now directly owns 17,750 shares of the company’s stock, valued at $1,386,097.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Simon Ayat sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $83.68, for a total value of $4,184,000.00. Following the transaction, the chief financial officer now directly owns 153,335 shares of the company’s stock, valued at $12,831,072.80. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.
Schlumberger NV Company Profile
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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