Schlumberger N.V. (SLB) Shares Bought by Intrust Bank NA
Intrust Bank NA boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 23.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,455 shares of the oil and gas company’s stock after buying an additional 5,466 shares during the period. Schlumberger N.V. accounts for about 0.8% of Intrust Bank NA’s portfolio, making the stock its 23rd largest position. Intrust Bank NA’s holdings in Schlumberger N.V. were worth $2,222,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC raised its position in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after buying an additional 307 shares during the period. American Research & Management Co. raised its position 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 valued at $106,000 after buying an additional 106 shares during the period. MCF Advisors LLC raised its position in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after buying an additional 915 shares during the period. Baystate Wealth Management LLC raised its position in Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after buying an additional 520 shares during the period. Finally, Point View Wealth Management Inc. raised its position in Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 1.041% during trading on Monday, reaching $63.215. The company’s stock had a trading volume of 1,469,161 shares. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year high of $87.84. The company’s 50-day moving average price is $65.77 and its 200 day moving average price is $72.24. The stock has a market capitalization of $87.52 billion, a price-to-earnings ratio of 497.756 and a beta of 1.02. Schlumberger N.V. also was the target of unusually large options trading activity on Friday. Stock traders purchased 6,824 call options on the company. This represents an increase of 137% compared to the average daily volume of 2,885 call options.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. Analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is currently 1,538.58%.
Several research firms have commented on SLB. UBS AG set a $90.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price objective (down from $92.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Credit Suisse Group set a $78.00 price objective on Schlumberger N.V. and gave the company a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. has an average rating of “Buy” and a consensus target price of $86.21.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $349,100. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter L. S. Currie purchased 3,625 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the transaction, the director now owns 31,550 shares in the company, valued at approximately $2,177,581. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 14,425 shares of company stock valued at $950,782. Corporate insiders own 0.38% of the company’s stock.
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.
Receive News & Stock Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related stocks with our FREE daily email newsletter.