Brinker Capital Inc. increased its position in shares of Schlumberger N.V. (NYSE:SLB) by 6.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,951 shares of the company’s stock after buying an additional 656 shares during the period. Brinker Capital Inc.’s holdings in Schlumberger N.V. were worth $867,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Smith Asset Management Group LP increased its stake in shares of Schlumberger N.V. by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock valued at $101,000 after buying an additional 80 shares during the period. Cable Hill Partners LLC increased its stake in shares of Schlumberger N.V. by 28.3% in the third quarter. Cable Hill Partners LLC now owns 1,411 shares of the company’s stock valued at $115,000 after buying an additional 311 shares during the period. WealthTrust Arizona LLC increased its stake in shares of Schlumberger N.V. by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock valued at $112,000 after buying an additional 74 shares during the period. Roble Belko & Company Inc increased its stake in shares of Schlumberger N.V. by 5.5% in the third quarter. Roble Belko & Company Inc now owns 1,445 shares of the company’s stock valued at $114,000 after buying an additional 75 shares during the period. Finally, Jacobus Wealth Management Inc. acquired a new stake in shares of Schlumberger N.V. during the third quarter valued at about $118,000. Institutional investors and hedge funds own 78.66% of the company’s stock.
Shares of Schlumberger N.V. (NYSE:SLB) opened at 82.46 on Wednesday. The company’s 50 day moving average price is $84.26 and its 200 day moving average price is $81.61. The firm’s market cap is $114.74 billion. Schlumberger N.V. has a 12-month low of $70.40 and a 12-month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, January 20th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $7.11 billion for the quarter. Schlumberger N.V. had a positive return on equity of 3.81% and a negative net margin of 6.07%. The company’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Equities research analysts forecast that Schlumberger N.V. will post $1.79 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. Schlumberger N.V.’s dividend payout ratio is currently -169.49%.
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SLB has been the subject of several recent analyst reports. Vetr upgraded Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $95.37 price target for the company in a report on Tuesday, December 13th. Jefferies Group LLC upgraded Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a report on Thursday, December 1st. Guggenheim restated a “buy” rating on shares of Schlumberger N.V. in a report on Thursday, November 10th. BMO Capital Markets restated a “buy” rating and issued a $96.00 price target on shares of Schlumberger N.V. in a report on Thursday, January 12th. Finally, Deutsche Bank AG set a $101.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a report on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus price target of $95.46.
In other news, EVP Ashok Belani sold 46,577 shares of the company’s stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $85.50, for a total value of $3,982,333.50. Following the transaction, the executive vice president now owns 125,642 shares of the company’s stock, valued at $10,742,391. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Gerard Martellozo sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $84.83, for a total transaction of $424,150.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 238,098 shares of company stock worth $20,354,340. Company insiders own 0.36% of the company’s stock.
Schlumberger N.V. 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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