Cambiar Investors LLC purchased a new position in shares of Schlumberger NV (NYSE:SLB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,165,034 shares of the company’s stock, valued at approximately $171,211,000. Schlumberger NV makes up about 2.4% of Cambiar Investors LLC’s holdings, making the stock its 6th largest position. Cambiar Investors LLC owned 0.16% of Schlumberger NV at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLB. New Harbor Financial Group LLC boosted its position in shares of Schlumberger NV by 50.0% in the second quarter. New Harbor Financial Group LLC now owns 1,500 shares of the company’s stock worth $118,000 after buying an additional 500 shares in the last quarter. Trust Department MB Financial Bank N A boosted its stake in Schlumberger NV by 9.6% in the second quarter. Trust Department MB Financial Bank N A now owns 1,753 shares of the company’s stock worth $139,000 after buying an additional 153 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Schlumberger NV by 23.6% in the second quarter. North Star Investment Management Corp. now owns 1,830 shares of the company’s stock worth $145,000 after buying an additional 350 shares in the last quarter. FCM Investments TX boosted its stake in Schlumberger NV by 25.0% in the second quarter. FCM Investments TX now owns 2,000 shares of the company’s stock worth $158,000 after buying an additional 400 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Schlumberger NV by 23.0% in the second quarter. Cornerstone Advisors Inc. now owns 2,084 shares of the company’s stock worth $165,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

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

Shares of Schlumberger NV (NYSE:SLB) traded up 0.51% during mid-day trading on Tuesday, hitting $81.39. The stock had a trading volume of 3,956,758 shares. Schlumberger NV has a 12-month low of $59.60 and a 12-month high of $83.97. The firm’s 50-day moving average price is $78.67 and its 200 day moving average price is $78.31. The stock’s market cap is $113.19 billion.

Schlumberger NV (NYSE:SLB) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm earned $7.16 billion during the quarter, compared to analysts’ expectations of $7.09 billion. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. Equities analysts forecast that Schlumberger NV will post $1.12 EPS for the current fiscal year.

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

A number of research firms recently commented on SLB. Jefferies Group reiterated a “hold” rating and set a $85.00 price objective (up previously from $80.00) on shares of Schlumberger NV in a research report on Monday, July 11th. BMO Capital Markets reiterated a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, July 13th. Guggenheim reiterated a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, August 31st. Citigroup Inc. reiterated a “buy” rating and set a $89.00 price objective (down previously from $90.00) on shares of Schlumberger NV in a research report on Thursday, June 23rd. Finally, Simmons reiterated an “overweight” rating and set a $97.00 price objective (up previously from $84.00) on shares of Schlumberger NV in a research report on Monday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Schlumberger NV presently has an average rating of “Buy” and an average price target of $90.69.

In other Schlumberger NV news, Director Tore I. Sandvold sold 2,500 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,386,097.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stephane Biguet sold 4,227 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total value of $331,904.04. Following the completion of the transaction, the vice president now directly owns 7,108 shares of the company’s stock, valued at approximately $558,120.16. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.

About Schlumberger NV

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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