Well Done LLC Has $296,000 Stake in Schlumberger N.V. (NYSE:SLB)
Well Done LLC lowered its stake in Schlumberger N.V. (NYSE:SLB) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,870 shares of the oil and gas company’s stock after selling 561 shares during the period. Well Done LLC’s holdings in Schlumberger N.V. were worth $296,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. SRS Capital Advisors Inc. bought a new position in shares of Schlumberger N.V. during the fourth quarter valued at $101,000. Rocky Mountain Advisers LLC boosted its position in shares of Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares during the period. American Research & Management Co. boosted its stake in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after buying an additional 106 shares during the last quarter. Advantage Investment Management LLC acquired a new stake in Schlumberger N.V. during the fourth quarter worth approximately $127,000. Finally, Jackson Grant Investment Advisers Inc. acquired a new stake in Schlumberger N.V. during the fourth quarter worth approximately $160,000. 79.16% of the stock is owned by institutional investors and hedge funds.
Schlumberger N.V. (NYSE SLB) traded down 1.00% on Friday, hitting $67.54. The stock had a trading volume of 5,351,728 shares. The company has a market cap of $93.51 billion, a P/E ratio of 531.81 and a beta of 1.02. The firm’s 50-day moving average is $66.69 and its 200-day moving average is $74.58. Schlumberger N.V. has a 52-week low of $64.15 and a 52-week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
A number of equities research analysts recently issued reports on SLB shares. Zacks Investment Research upgraded Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Scotiabank set a $90.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, July 7th. Jefferies Group LLC reissued an “equal weight” rating on shares of Schlumberger N.V. in a report on Friday, April 14th. Cowen and Company reissued an “outperform” rating and set a $99.00 price objective on shares of Schlumberger N.V. in a report on Tuesday, April 25th. Finally, Vetr raised Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 price objective for the company in a report on Thursday, April 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $86.40.
In related news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at $349,100. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $69.17, for a total value of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.
Schlumberger N.V. Company Profile
Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the oil and gas industry. The Company’s segments include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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