MEMBERS Trust Co reduced its stake in Schlumberger N.V. (NYSE:SLB) by 0.8% during the third quarter, Holdings Channel reports. The firm owned 3,492 shares of the company’s stock after selling 29 shares during the period. MEMBERS Trust Co’s holdings in Schlumberger N.V. were worth $275,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Schlumberger N.V. by 10.9% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 71,080 shares of the company’s stock valued at $5,621,000 after buying an additional 6,976 shares during the period. Cambiar Investors LLC bought a new stake in shares of Schlumberger N.V. during the second quarter valued at about $171,211,000. First National Trust Co. increased its stake in shares of Schlumberger N.V. by 14.3% in the second quarter. First National Trust Co. now owns 45,521 shares of the company’s stock valued at $3,600,000 after buying an additional 5,701 shares during the period. Ariel Capital Advisors LLC increased its stake in shares of Schlumberger N.V. by 5.3% in the second quarter. Ariel Capital Advisors LLC now owns 38,433 shares of the company’s stock valued at $3,040,000 after buying an additional 1,921 shares during the period. Finally, Crossvault Capital Management LLC increased its stake in shares of Schlumberger N.V. by 34.3% in the second quarter. Crossvault Capital Management LLC now owns 51,900 shares of the company’s stock valued at $4,104,000 after buying an additional 13,260 shares during the period. 78.66% of the stock is currently owned by institutional investors and hedge funds.
Schlumberger N.V. (NYSE:SLB) opened at 81.82 on Tuesday. The stock has a 50 day moving average price of $84.31 and a 200-day moving average price of $81.60. The company’s market capitalization is $113.85 billion. Schlumberger N.V. has a 1-year low of $68.76 and a 1-year high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, January 20th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $7.11 billion for the quarter. Schlumberger N.V. had a negative net margin of 6.07% and a positive return on equity of 3.81%. The business’s revenue was down 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share. Equities analysts predict that Schlumberger N.V. will post $1.79 earnings per share 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 $0.50 dividend. The ex-dividend date is Monday, February 13th. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. Schlumberger N.V.’s dividend payout ratio is currently -169.49%.
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SLB has been the topic of several recent research reports. Zacks Investment Research downgraded 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 target on Schlumberger N.V. and gave the stock a “hold” rating in a report on Tuesday, October 18th. Guggenheim restated a “buy” rating on shares of Schlumberger N.V. in a research report on Thursday, November 10th. Sanford C. Bernstein began coverage on Schlumberger N.V. in a research report on Thursday, December 1st. They issued a “market perform” rating and a $92.00 target price on the stock. Finally, Vetr upgraded Schlumberger N.V. from a “sell” rating to a “buy” rating and set a $88.88 target price on the stock in a research report on Monday, December 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $95.46.
In other Schlumberger N.V. news, VP Mark Danton sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $79.99, for a total value of $799,900.00. Following the sale, the vice president now owns 27,037 shares in the company, valued at $2,162,689.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Imran Kizilbash sold 134,091 shares of the firm’s stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $86.35, for a total transaction of $11,578,757.85. Following the completion of the sale, the vice president now owns 78,084 shares in the company, valued at approximately $6,742,553.40. The disclosure for this sale can be found here. Insiders sold 238,098 shares of company stock worth $20,354,340 in the last 90 days. Company insiders own 0.36% of the company’s stock.
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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