Macquarie Group Ltd. boosted its stake in Schlumberger NV (NYSE:SLB) by 29.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 195,676 shares of the company’s stock after buying an additional 43,943 shares during the period. Macquarie Group Ltd.’s holdings in Schlumberger NV were worth $15,474,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SLB. Capital World Investors boosted its stake in Schlumberger NV by 33.4% in the second quarter. Capital World Investors now owns 89,278,480 shares of the company’s stock valued at $7,060,142,000 after buying an additional 22,351,159 shares during the last quarter. Vanguard Group Inc. boosted its stake in Schlumberger NV by 12.8% in the second quarter. Vanguard Group Inc. now owns 88,801,969 shares of the company’s stock valued at $7,022,460,000 after buying an additional 10,096,266 shares during the last quarter. State Street Corp boosted its stake in Schlumberger NV by 10.1% in the second quarter. State Street Corp now owns 63,598,644 shares of the company’s stock valued at $5,029,383,000 after buying an additional 5,820,269 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in Schlumberger NV by 9.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 35,907,956 shares of the company’s stock valued at $2,839,601,000 after buying an additional 3,130,111 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Schlumberger NV by 6.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 21,638,721 shares of the company’s stock valued at $1,711,191,000 after buying an additional 1,263,533 shares during the last quarter. 77.93% of the stock is owned by hedge funds and other institutional investors.

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

Schlumberger NV (NYSE:SLB) traded up 0.080% during mid-day trading on Monday, reaching $81.355. 4,258,652 shares of the company traded hands. Schlumberger NV has a one year low of $59.60 and a one year high of $84.30. The stock’s 50-day moving average price is $80.41 and its 200-day moving average price is $78.92. The firm’s market cap is $113.19 billion.

Schlumberger NV (NYSE:SLB) last announced its earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The business earned $7 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Schlumberger NV had a negative net margin of 8.78% and a positive return on equity of 5.06%. The firm’s revenue for the quarter was down 17.2% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Analysts forecast that Schlumberger NV will post $1.16 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Wednesday, December 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Monday, December 5th. Schlumberger NV’s dividend payout ratio (DPR) is currently -108.70%.

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Several analysts have recently issued reports on SLB shares. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger NV in a research note on Friday, August 19th. Nomura set a $91.00 price objective on shares of Schlumberger NV and gave the company a “buy” rating in a research note on Tuesday, August 16th. Loop Capital started coverage on shares of Schlumberger NV in a research note on Friday, September 30th. They set a “buy” rating and a $90.00 price objective for the company. Zacks Investment Research cut shares of Schlumberger NV from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Finally, Vetr reissued a “buy” rating on shares of Schlumberger NV in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $91.01.

In related news, Director Tore I. Sandvold sold 5,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $81.00, for a total transaction of $405,000.00. Following the completion of the sale, the director now owns 12,750 shares in the company, valued at approximately $1,032,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tore I. Sandvold sold 2,500 shares of the stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $78.09, for a total transaction of $195,225.00. Following the sale, the director now owns 17,750 shares of the company’s stock, valued at approximately $1,386,097.50. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.

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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