Benin Management CORP grew its stake in Schlumberger N.V. (NYSE:SLB) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,598 shares of the oil and gas company’s stock after acquiring an additional 6,260 shares during the quarter. Schlumberger N.V. comprises approximately 4.5% of Benin Management CORP’s portfolio, making the stock its 7th biggest holding. Benin Management CORP’s holdings in Schlumberger N.V. were worth $10,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake 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 purchasing an additional 307 shares during the last quarter. American Research & Management Co. increased its stake 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 purchasing an additional 106 shares during the last quarter. MCF Advisors LLC increased its stake 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 purchasing an additional 915 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 310 shares during the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Schlumberger N.V. by 12.7% in the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock valued at $181,000 after purchasing an additional 305 shares during the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.

In related news, Director Michael E. Marks acquired 8,000 shares of the company’s 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Aaron Gatt Floridia sold 40,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the president now owns 96,175 shares of the company’s stock, valued at approximately $6,652,424.75. The disclosure for this sale can be found here. 0.38% of the stock is owned by insiders.

Shares of Schlumberger N.V. (SLB) traded up 1.32% during mid-day trading on Wednesday, hitting $65.96. The stock had a trading volume of 2,866,589 shares. The stock has a market cap of $91.32 billion, a price-to-earnings ratio of 519.37 and a beta of 1.03. The firm has a 50 day moving average of $65.38 and a 200 day moving average of $71.26. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84.

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 for the quarter, beating analysts’ consensus estimates 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 return on equity of 3.80% and a net margin of 0.62%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. On average, analysts forecast that Schlumberger N.V. will post $1.51 earnings per share for the current year.

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

Several equities analysts recently commented on the company. UBS AG set a $90.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, June 16th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a research note on Wednesday. Seaport Global Securities reiterated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. BidaskClub lowered Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Finally, Instinet reiterated a “buy” rating and issued a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. 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 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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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)

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