Candriam Luxembourg S.C.A. increased its stake in shares of Schlumberger NV (NYSE:SLB) by 20.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,053 shares of the company’s stock after buying an additional 57,346 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Schlumberger NV were worth $26,497,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Badgley Phelps & Bell Inc. raised its stake in shares of Schlumberger NV by 4.7% in the first quarter. Badgley Phelps & Bell Inc. now owns 84,365 shares of the company’s stock worth $6,222,000 after buying an additional 3,792 shares during the period. BTC Capital Management Inc. raised its stake in shares of Schlumberger NV by 122.7% in the first quarter. BTC Capital Management Inc. now owns 28,781 shares of the company’s stock worth $2,126,000 after buying an additional 15,858 shares during the period. Virginia Retirement System acquired a new stake in shares of Schlumberger NV during the first quarter worth approximately $31,620,000. Nisa Investment Advisors L.L.C. raised its stake in shares of Schlumberger NV by 2.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 331,823 shares of the company’s stock worth $24,472,000 after buying an additional 9,040 shares during the period. Finally, Thomas White International Ltd. acquired a new stake in shares of Schlumberger NV during the first quarter worth approximately $1,094,000. Institutional investors own 78.39% of the company’s stock.

Institutional Ownership by Quarter for Schlumberger NV (NYSE:SLB)

Shares of Schlumberger NV (NYSE:SLB) traded down 0.26% during trading on Friday, reaching $81.32. The company’s stock had a trading volume of 4,681,503 shares. The company has a 50-day moving average price of $78.67 and a 200-day moving average price of $78.13. The stock’s market cap is $113.09 billion. Schlumberger NV has a one year low of $59.60 and a one year high of $83.97.

Schlumberger NV (NYSE:SLB) last issued its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. The business earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. On average, equities research analysts forecast that Schlumberger NV will post $1.12 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Wednesday, September 7th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio is -168.07%.

A number of analysts have commented on SLB shares. Simmons restated an “outperform” rating and set a $84.00 price target (down previously from $86.00) on shares of Schlumberger NV in a research note on Monday, June 20th. Citigroup Inc. reaffirmed a “buy” rating and set a $89.00 price objective (down from $90.00) on shares of Schlumberger NV in a report on Thursday, June 23rd. Zacks Investment Research raised shares of Schlumberger NV from a “strong sell” rating to a “hold” rating in a report on Monday, June 27th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Schlumberger NV in a report on Tuesday, June 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Schlumberger NV in a report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Schlumberger NV currently has a consensus rating of “Buy” and an average target price of $90.69.

In other Schlumberger NV news, Director Tore I. Sandvold sold 2,500 shares of the company’s stock in a transaction on Friday, September 30th. The stock was sold at an average price of $78.09, for a total value of $195,225.00. Following the completion of the sale, the director now directly owns 17,750 shares in the company, valued at approximately $1,386,097.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Howard Guild sold 11,900 shares of the company’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $81.32, for a total value of $967,708.00. Following the completion of the sale, the insider now owns 19,781 shares of the company’s stock, valued at $1,608,590.92. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

Schlumberger NV Company Profile

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.

5 Day Chart for NYSE:SLB

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