Schlumberger NV (SLB) is Thomas Story & Son LLC’s 9th Largest Position
Thomas Story & Son LLC held its stake in Schlumberger NV (NYSE:SLB) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 80,040 shares of the company’s stock at the end of the third quarter. Schlumberger NV comprises about 3.9% of Thomas Story & Son LLC’s investment portfolio, making the stock its 9th largest position. Thomas Story & Son LLC’s holdings in Schlumberger NV were worth $6,294,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in SLB. Invictus RG raised its stake in shares of 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 last quarter. Roble Belko & Company Inc acquired a new stake in shares of Schlumberger NV during the second quarter worth approximately $108,000. WealthTrust Arizona LLC raised its stake in shares of Schlumberger NV by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock worth $112,000 after buying an additional 74 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of 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 last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Schlumberger NV during the second quarter worth approximately $114,000. 77.93% of the stock is owned by hedge funds and other institutional investors.
Schlumberger NV (NYSE:SLB) traded down 1.70% during trading on Tuesday, hitting $79.68. The stock had a trading volume of 4,866,537 shares. The company’s market cap is $110.86 billion. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $84.30. The company’s 50 day moving average is $80.40 and its 200-day moving average is $79.05.
Schlumberger NV (NYSE:SLB) last issued its earnings results 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 business earned $0.78 earnings per share. The company’s revenue was down 17.2% compared to the same quarter last year. On average, equities research analysts predict that Schlumberger NV will post $1.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Wednesday, December 7th will be paid a $0.50 dividend. The ex-dividend date is Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. Schlumberger NV’s payout ratio is -108.70%.
SLB has been the subject of a number of research reports. Citigroup Inc. decreased their price objective on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating for the company in a report on Monday, September 12th. Vetr reiterated a “buy” rating on shares of Schlumberger NV in a report on Tuesday, August 2nd. Zacks Investment Research downgraded Schlumberger NV from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Jefferies Group set a $89.00 price objective on Schlumberger NV and gave the stock a “hold” rating in a report on Tuesday, October 18th. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger NV in a report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $91.01.
In other Schlumberger NV news, VP Mark Danton sold 10,000 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $79.99, for a total transaction of $799,900.00. Following the transaction, the vice president now owns 27,037 shares in the company, valued at $2,162,689.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tore I. Sandvold sold 2,500 shares of the 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 transaction, the director now owns 17,750 shares in the company, valued at approximately $1,386,097.50. The disclosure for this sale can be found here. 0.36% of the stock is owned by 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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