Wilbanks Smith & Thomas Asset Management LLC cut its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 4.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,234 shares of the oil and gas company’s stock after selling 676 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Schlumberger N.V. were worth $1,034,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Tradewinds Capital Management LLC lifted its holdings in Schlumberger N.V. by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 307 shares during the last quarter. American Research & Management Co. lifted its holdings in Schlumberger N.V. by 8.5% in the 1st quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 106 shares during the last quarter. MCF Advisors LLC lifted its holdings in Schlumberger N.V. by 130.3% in the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 915 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in Schlumberger N.V. by 27.6% in the 1st quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 520 shares during the last quarter. Finally, Point View Wealth Management Inc. lifted its holdings in Schlumberger N.V. by 6.6% in the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.
In other news, Director Michael E. Marks bought 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Helge Lund bought 2,800 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were purchased 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.
SLB has been the topic of several recent analyst reports. Jefferies Group LLC set a $80.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub cut Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Wells Fargo & Company restated an “outperform” rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Barclays PLC cut Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $98.00 to $73.00 in a research report on Wednesday, June 21st. Finally, Sanford C. Bernstein upgraded Schlumberger N.V. from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.80.
Schlumberger N.V. (NYSE:SLB) traded down 1.0190% during midday trading on Friday, reaching $67.0101. The company had a trading volume of 4,453,695 shares. The company has a market capitalization of $92.78 billion, a PE ratio of 527.6385 and a beta of 1.03. Schlumberger N.V. has a 12-month low of $62.56 and a 12-month high of $87.84. The stock has a 50-day moving average price of $65.25 and a 200 day moving average price of $70.74.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders 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 dividend yield of 2.95%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
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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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