HM Payson & Co. raised its position in shares of Schlumberger N.V. (NYSE:SLB) by 2.5% during the third quarter, Holdings Channel reports. The firm owned 177,862 shares of the company’s stock after buying an additional 4,339 shares during the period. HM Payson & Co.’s holdings in Schlumberger N.V. were worth $13,988,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SLB. Smith Asset Management Group LP increased its position in 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 last quarter. WealthTrust Arizona LLC increased its position in 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 last quarter. Roble Belko & Company Inc increased its position in 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 last quarter. Jacobus Wealth Management Inc. purchased a new position in Schlumberger N.V. during the third quarter valued at $118,000. Finally, Howe & Rusling Inc. increased its position in Schlumberger N.V. by 10.1% in the second quarter. Howe & Rusling Inc. now owns 1,553 shares of the company’s stock valued at $123,000 after buying an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 79.09% of the company’s stock.
Schlumberger N.V. (NYSE:SLB) traded up 1.17% on Friday, hitting $82.16. The stock had a trading volume of 6,199,901 shares. The company has a 50-day moving average price of $84.42 and a 200 day moving average price of $81.56. Schlumberger N.V. has a 52-week low of $70.39 and a 52-week high of $87.84. The firm’s market cap is $114.32 billion.
Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, January 20th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates 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 quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS. Equities analysts forecast that Schlumberger N.V. will post $1.79 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be paid a $0.50 dividend. The ex-dividend date is Monday, February 13th. This represents a $2.00 annualized dividend and a yield of 2.43%. Schlumberger N.V.’s dividend payout ratio (DPR) is currently -169.49%.
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SLB has been the topic of a number of recent research reports. Zacks Investment Research cut Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Jefferies Group LLC set a $89.00 price objective on Schlumberger N.V. and gave the stock a “hold” rating in a report on Tuesday, October 18th. Guggenheim reissued a “buy” rating on shares of Schlumberger N.V. in a report on Thursday, November 10th. Sanford C. Bernstein initiated coverage on Schlumberger N.V. in a report on Thursday, December 1st. They set a “market perform” rating and a $92.00 price objective on the stock. Finally, Vetr raised Schlumberger N.V. from a “sell” rating to a “buy” rating and set a $88.88 price objective on the stock in a report on Monday, December 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $95.46.
In related news, CFO Simon Ayat sold 40,000 shares of the stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $84.00, for a total value of $3,360,000.00. Following the transaction, the chief financial officer now owns 113,335 shares of the company’s stock, valued at $9,520,140. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $81.00, for a total value of $405,000.00. Following the completion of the transaction, the director now directly owns 12,750 shares in the company, valued at approximately $1,032,750. The disclosure for this sale can be found here. In the last three months, insiders sold 243,098 shares of company stock worth $20,759,340. 0.36% of the stock is owned by insiders.
About Schlumberger N.V.
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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