Fayez Sarofim & Co continued to hold its stake in shares of Schlumberger N.V. (NYSE:SLB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,628 shares of the oil and gas company’s stock at the end of the 1st quarter. Fayez Sarofim & Co’s holdings in Schlumberger N.V. were worth $5,928,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in SLB. Inverness Counsel LLC NY increased its position in shares of Schlumberger N.V. by 20.5% during the first quarter. Inverness Counsel LLC NY now owns 323,606 shares of the oil and gas company’s stock valued at $25,749,000 after acquiring an additional 55,152 shares in the last quarter. American National Bank increased its position in shares of Schlumberger N.V. by 177.2% during the first quarter. American National Bank now owns 46,079 shares of the oil and gas company’s stock valued at $3,599,000 after acquiring an additional 29,456 shares in the last quarter. Atria Investments LLC increased its position in shares of Schlumberger N.V. by 2.2% during the first quarter. Atria Investments LLC now owns 26,905 shares of the oil and gas company’s stock valued at $2,101,000 after acquiring an additional 568 shares in the last quarter. Integrated Wealth Management increased its position in shares of Schlumberger N.V. by 8.8% during the first quarter. Integrated Wealth Management now owns 6,755 shares of the oil and gas company’s stock valued at $528,000 after acquiring an additional 546 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its position in Schlumberger N.V. by 7.4% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,850 shares of the oil and gas company’s stock worth $1,004,000 after purchasing an additional 889 shares during the period. 78.90% of the stock is owned by institutional investors.
In related news, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was bought at an average price of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
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A number of research firms have commented on SLB. J P Morgan Chase & Co cut their target price on shares of Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and issued a $74.00 target price on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Argus began coverage on shares of Schlumberger N.V. in a research note on Monday, August 21st. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus target price of $85.80.
Schlumberger N.V. (NYSE:SLB) opened at 68.80 on Friday. The firm’s 50-day moving average is $65.20 and its 200-day moving average is $70.30. The firm has a market cap of $95.26 billion, a price-to-earnings ratio of 541.73 and a beta of 1.03. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced 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 Thomson Reuters’ 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 firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the business posted $0.23 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that Schlumberger N.V. will post $1.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.91%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
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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