Dynamic Technology Lab Private Ltd bought a new stake in Schlumberger N.V. (NYSE:SLB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,130 shares of the oil and gas company’s stock, valued at approximately $400,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Dodge & Cox acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at approximately $3,954,205,000. Norges Bank acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at approximately $1,178,888,000. First Eagle Investment Management LLC increased its position in shares of Schlumberger N.V. by 71.4% in the first quarter. First Eagle Investment Management LLC now owns 7,857,819 shares of the oil and gas company’s stock valued at $613,696,000 after buying an additional 3,272,127 shares in the last quarter. American Century Companies Inc. increased its position in shares of Schlumberger N.V. by 30.8% in the first quarter. American Century Companies Inc. now owns 8,326,038 shares of the oil and gas company’s stock valued at $650,264,000 after buying an additional 1,959,214 shares in the last quarter. Finally, Pioneer Investment Management Inc. increased its position in shares of Schlumberger N.V. by 52.7% in the first quarter. Pioneer Investment Management Inc. now owns 4,514,640 shares of the oil and gas company’s stock valued at $352,594,000 after buying an additional 1,557,982 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.
Schlumberger N.V. (NYSE SLB) opened at 66.55 on Tuesday. The firm has a market cap of $92.14 billion, a PE ratio of 524.02 and a beta of 1.02. Schlumberger N.V. has a 12-month low of $64.15 and a 12-month high of $87.84. The stock’s 50 day moving average price is $66.69 and its 200-day moving average price is $74.58.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The company had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.01%. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
SLB has been the subject of several research analyst reports. Barclays PLC reiterated an “overweight” rating and set a $107.00 target price on shares of Schlumberger N.V. in a research note on Monday, April 24th. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Vetr upgraded Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price for the company in a research note on Thursday, April 20th. Deutsche Bank AG reduced their target price on Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, April 18th. Finally, Jefferies Group LLC reiterated an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $86.40.
In other Schlumberger N.V. news, Director Helge Lund acquired 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were bought at an average price of $66.78 per share, for a total transaction of $186,984.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at approximately $349,100. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
About Schlumberger N.V.
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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