Schlumberger N.V. (SLB) Holdings Raised by Lyell Wealth Management LP
Lyell Wealth Management LP raised its position in Schlumberger N.V. (NYSE:SLB) by 8.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,361 shares of the oil and gas company’s stock after purchasing an additional 2,685 shares during the period. Lyell Wealth Management LP’s holdings in Schlumberger N.V. were worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. First United Bank Trust boosted its holdings in shares of Schlumberger N.V. by 9.8% in the 1st 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 boosted its holdings in shares of Schlumberger N.V. by 10.0% in the 1st quarter. Jolley Asset Management LLC now owns 44,249 shares of the oil and gas company’s stock valued at $3,456,000 after buying an additional 4,037 shares in the last quarter. Hartford Financial Management Inc. boosted its holdings in shares of Schlumberger N.V. by 23.0% in the 1st quarter. Hartford Financial Management Inc. now owns 3,631 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 680 shares in the last quarter. Bollard Group LLC boosted its holdings in shares of Schlumberger N.V. by 10.3% in the 1st quarter. Bollard Group LLC now owns 16,134 shares of the oil and gas company’s stock valued at $1,260,000 after buying an additional 1,504 shares in the last quarter. Finally, Carlson Capital Management boosted its holdings in shares of Schlumberger N.V. by 2.9% in the 1st quarter. Carlson Capital Management now owns 3,734 shares of the oil and gas company’s stock valued at $292,000 after buying an additional 104 shares in the last quarter. 78.99% of the stock is currently owned by institutional investors.
Schlumberger N.V. (SLB) traded up 0.54% during trading on Monday, reaching $63.35. 4,907,449 shares of the company’s stock traded hands. The stock has a market capitalization of $87.71 billion, a P/E ratio of 498.82 and a beta of 1.03. The company has a 50-day moving average of $65.46 and a 200 day moving average of $71.59. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results 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. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same period in the previous year, the business earned $0.23 earnings per share. Schlumberger N.V.’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts expect 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 given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is presently 1,538.58%.
In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $64.20 per share, for a total transaction of $513,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the sale, the president now owns 96,175 shares in the company, valued at $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.
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Several research analysts have recently issued reports on the stock. UBS Group AG set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, June 16th. Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and issued a $80.00 target price (down previously from $92.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $86.21.
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.
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