Schlumberger N.V. (SLB) Holdings Cut by Capital Analysts LLC

Capital Analysts LLC trimmed its position in Schlumberger N.V. (NYSE:SLB) by 4.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,385 shares of the oil and gas company’s stock after selling 1,640 shares during the quarter. Capital Analysts LLC’s holdings in Schlumberger N.V. were worth $2,607,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SLB. Tradewinds Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 307 shares during the last quarter. American Research & Management Co. lifted its holdings in shares of 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 acquiring an additional 106 shares during the last quarter. MCF Advisors LLC lifted its holdings in shares of 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 acquiring an additional 915 shares during the last quarter. Baystate Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 520 shares during the last quarter. Finally, Point View Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 160 shares during the last quarter. Institutional investors own 78.99% of the company’s stock.

Several brokerages have recently commented on SLB. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price (down from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $85.80.

In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $64.20 per share, with a total value of $513,600.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Helge Lund purchased 2,800 shares of the business’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. Corporate insiders own 0.38% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was reported by BBNS and is the sole property of of BBNS. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://baseballnewssource.com/markets/schlumberger-n-v-slb-shares-sold-by-capital-analysts-llc/1565909.html.

Schlumberger N.V. (SLB) traded down 0.68% during mid-day trading on Friday, hitting $67.24. 11,428,399 shares of the stock traded hands. The firm has a market cap of $93.10 billion, a price-to-earnings ratio of 529.45 and a beta of 1.03. The stock has a 50-day moving average of $65.24 and a 200 day moving average of $70.65. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. On average, equities analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is currently 1,538.58%.

Schlumberger N.V. Profile

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.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

Receive News & Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related companies with our FREE daily email newsletter.

 


Latest News

Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster
Fans Kicked Out of Fenway Park After Racist Banner Hung on Green Monster


Leave a Reply

 
© 2006-2017 BBNS.