Fjarde AP Fonden Fourth Swedish National Pension Fund trimmed its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 290,088 shares of the oil and gas company’s stock after selling 19,821 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Schlumberger N.V. were worth $22,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First United Bank Trust raised its stake in shares of Schlumberger N.V. by 9.8% during the first quarter. First United Bank Trust now owns 13,135 shares of the oil and gas company’s stock worth $1,026,000 after buying an additional 1,175 shares during the last quarter. Jolley Asset Management LLC raised its stake in shares of Schlumberger N.V. by 10.0% during 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 last quarter. Hartford Financial Management Inc. raised its stake in shares of Schlumberger N.V. by 23.0% during 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 last quarter. Bollard Group LLC raised its stake in shares of Schlumberger N.V. by 10.3% during 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 last quarter. Finally, Eastern Bank raised its stake in shares of Schlumberger N.V. by 76.2% during the first quarter. Eastern Bank now owns 42,082 shares of the oil and gas company’s stock worth $3,287,000 after buying an additional 18,196 shares during the last quarter. 78.99% of the stock is owned by institutional investors and hedge funds.

SLB has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and set a $92.00 price target on shares of Schlumberger N.V. in a research note on Friday, June 30th. BMO Capital Markets reissued a “buy” rating and set a $89.00 price target on shares of Schlumberger N.V. in a research note on Thursday, June 22nd. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, June 16th. Scotiabank set a $90.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, July 7th. Finally, Credit Suisse Group set a $78.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Monday, July 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. presently has a consensus rating of “Buy” and an average target price of $86.21.

Shares of Schlumberger N.V. (SLB) traded up 1.06% during trading on Wednesday, hitting $65.79. 2,297,243 shares of the stock traded hands. The stock has a 50 day moving average price of $65.38 and a 200-day moving average price of $71.26. The stock has a market cap of $91.09 billion, a price-to-earnings ratio of 518.03 and a beta of 1.03. Schlumberger N.V. has a 1-year low of $62.56 and a 1-year 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 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The company 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% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 EPS. Equities analysts forecast that Schlumberger N.V. will post $1.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is currently 1,538.58%.

ILLEGAL ACTIVITY WARNING: “Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 19,821 Shares of Schlumberger N.V. (SLB)” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.thecerbatgem.com/2017/09/06/fjarde-ap-fonden-fourth-swedish-national-pension-fund-sells-19821-shares-of-schlumberger-n-v-slb.html.

In related news, 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 value of $2,766,800.00. Following the sale, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase 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.

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

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.