Pitcairn Co. reduced its position in shares of Schlumberger N.V. (NYSE:SLB) by 22.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,760 shares of the oil and gas company’s stock after selling 5,833 shares during the period. Pitcairn Co.’s holdings in Schlumberger N.V. were worth $1,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its holdings in Schlumberger N.V. by 29.8% during the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 307 shares in the last quarter. American Research & Management Co. raised its holdings in Schlumberger N.V. by 8.5% during the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 106 shares in the last quarter. MCF Advisors LLC raised its holdings in Schlumberger N.V. by 130.3% during the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after purchasing an additional 915 shares in the last quarter. Baystate Wealth Management LLC raised its holdings in Schlumberger N.V. by 27.6% during the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 520 shares in the last quarter. Finally, Point View Wealth Management Inc. raised its holdings in Schlumberger N.V. by 6.6% during the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 160 shares in the last quarter. 78.99% of the stock is owned by hedge funds and other institutional investors.

Schlumberger N.V. (NYSE SLB) traded up 0.54% during trading on Monday, reaching $63.35. 4,907,449 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $65.46 and its 200-day moving average price is $71.59. The stock has a market capitalization of $87.71 billion, a price-to-earnings ratio of 498.82 and a beta of 1.03. Schlumberger N.V. has a 52 week low of $62.56 and a 52 week high of $87.84.

Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.05. The business had revenue of $7.46 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Schlumberger N.V. will post $1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is presently 1,538.58%.

Several research analysts recently issued reports on the stock. UBS Group AG set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger N.V. in a report on Friday, July 21st. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub lowered shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Finally, Instinet restated a “buy” rating and set a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. in a research report on Monday, July 24th. Two 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 given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $86.21.

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In related news, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the transaction, the president now directly owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the business’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 transaction of $349,100.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $349,100. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Schlumberger N.V. 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.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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