Academy Capital Management Inc. TX Cuts Stake in Schlumberger NV (SLB)
Academy Capital Management Inc. TX lowered its position in Schlumberger NV (NYSE:SLB) by 0.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,855 shares of the company’s stock after selling 140 shares during the period. Schlumberger NV makes up 2.3% of Academy Capital Management Inc. TX’s investment portfolio, making the stock its 22nd largest position. Academy Capital Management Inc. TX’s holdings in Schlumberger NV were worth $8,481,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Invictus RG increased its position in Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company’s stock worth $104,000 after buying an additional 1,039 shares during the period. Roble Belko & Company Inc bought a new position in Schlumberger NV during the second quarter worth approximately $108,000. Proficio Capital Partners LLC increased its position in Schlumberger NV by 78.3% in the second quarter. Proficio Capital Partners LLC now owns 1,426 shares of the company’s stock worth $113,000 after buying an additional 626 shares during the period. J.Safra Asset Management Corp bought a new position in Schlumberger NV during the second quarter worth approximately $114,000. Finally, New Harbor Financial Group LLC increased its position in 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 during the period. Institutional investors own 78.84% of the company’s stock.
Schlumberger NV (NYSE:SLB) traded down 0.14% during mid-day trading on Friday, reaching $81.29. 1,819,739 shares of the company traded hands. The company’s market capitalization is $113.10 billion. The stock has a 50 day moving average price of $80.41 and a 200-day moving average price of $78.92. Schlumberger NV has a 52-week low of $59.60 and a 52-week high of $84.30.
Schlumberger NV (NYSE:SLB) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Schlumberger NV had a positive return on equity of 5.06% and a negative net margin of 8.78%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The firm’s revenue was down 17.2% on a year-over-year basis. Analysts expect that Schlumberger NV will post $1.16 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Wednesday, December 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. Schlumberger NV’s dividend payout ratio is currently -108.70%.
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SLB has been the topic of a number of recent analyst reports. Citigroup Inc. increased their target price on shares of Schlumberger NV from $89.00 to $93.00 and gave the company a “buy” rating in a research report on Tuesday, October 11th. Loop Capital began coverage on shares of Schlumberger NV in a research report on Friday, September 30th. They set a “buy” rating and a $90.00 price objective on the stock. Guggenheim reissued a “buy” rating on shares of Schlumberger NV in a research report on Wednesday, August 31st. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger NV in a research report on Friday, August 19th. Finally, Nomura set a $91.00 price objective on shares of Schlumberger NV and gave the stock a “buy” rating in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $91.01.
In related news, Director Michael E. Marks sold 13,600 shares of the stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $81.19, for a total value of $1,104,184.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Stephane Biguet sold 3,000 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $79.73, for a total value of $239,190.00. Following the completion of the transaction, the vice president now owns 10,108 shares in the company, valued at approximately $805,910.84. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate 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.
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