Schlumberger N.V. (SLB) Shares Bought by TD Asset Management Inc.
TD Asset Management Inc. boosted its stake in Schlumberger N.V. (NYSE:SLB) by 22.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,670,066 shares of the oil and gas company’s stock after buying an additional 306,625 shares during the period. TD Asset Management Inc. owned approximately 0.12% of Schlumberger N.V. worth $130,432,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First United Bank Trust raised its stake in Schlumberger N.V. by 9.8% in the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock valued at $1,026,000 after buying an additional 1,175 shares in the last quarter. Jolley Asset Management LLC raised its position in shares of Schlumberger N.V. by 10.0% in the first quarter. Jolley Asset Management LLC now owns 44,249 shares of the oil and gas company’s stock worth $3,456,000 after buying an additional 4,037 shares during the period. Hartford Financial Management Inc. raised its position in shares of Schlumberger N.V. by 23.0% in the first quarter. Hartford Financial Management Inc. now owns 3,631 shares of the oil and gas company’s stock worth $283,000 after buying an additional 680 shares during the period. Bollard Group LLC raised its position in shares of Schlumberger N.V. by 10.3% in the first quarter. Bollard Group LLC now owns 16,134 shares of the oil and gas company’s stock worth $1,260,000 after buying an additional 1,504 shares during the period. Finally, Carlson Capital Management raised its position in shares of Schlumberger N.V. by 2.9% in the first quarter. Carlson Capital Management now owns 3,734 shares of the oil and gas company’s stock worth $292,000 after buying an additional 104 shares during the period. 78.98% of the stock is owned by institutional investors.
Shares of Schlumberger N.V. (NYSE:SLB) traded up 0.08% during trading on Thursday, hitting $63.44. The stock had a trading volume of 1,699,292 shares. The firm has a market cap of $87.83 billion, a PE ratio of 499.53 and a beta of 1.02. Schlumberger N.V. has a 52-week low of $62.56 and a 52-week high of $87.84. The stock has a 50 day moving average of $65.77 and a 200 day moving average of $72.24.
Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to analyst estimates of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. Schlumberger N.V.’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. On average, equities analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.16%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
SLB has been the topic of a number of analyst reports. UBS AG set a $90.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, June 16th. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger N.V. in a research report on Friday, July 21st. BidaskClub downgraded Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Jefferies Group LLC set a $80.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Argus initiated coverage on Schlumberger N.V. in a research report on Monday, August 21st. They set a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger N.V. has an average rating of “Buy” and a consensus target price of $86.21.
In related news, Director Michael E. Marks bought 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total transaction of $349,100.00. Following the sale, the director now directly owns 5,000 shares in the company, valued at approximately $349,100. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
About Schlumberger N.V.
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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