Alexandria Capital LLC Sells 204 Shares of Schlumberger N.V. (SLB)
Alexandria Capital LLC reduced its stake in Schlumberger N.V. (NYSE:SLB) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,722 shares of the oil and gas company’s stock after selling 204 shares during the quarter. Alexandria Capital LLC’s holdings in Schlumberger N.V. were worth $4,261,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in SLB. Tradewinds Capital Management LLC raised its holdings in Schlumberger N.V. by 29.8% in the 1st 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 during the period. MCF Advisors LLC raised its holdings in Schlumberger N.V. by 130.3% in the 1st 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 during the period. Proficio Capital Partners LLC raised its holdings in Schlumberger N.V. by 18.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 310 shares during the period. Baystate Wealth Management LLC raised its holdings in Schlumberger N.V. by 12.7% in the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 305 shares during the period. Finally, Point View Wealth Management Inc. raised its holdings in Schlumberger N.V. by 6.6% in the 1st 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 during the period. 78.90% of the stock is currently owned by institutional investors.
Schlumberger N.V. (SLB) opened at 68.80 on Monday. Schlumberger N.V. has a 52-week low of $62.56 and a 52-week high of $87.84. The stock has a market cap of $95.26 billion, a price-to-earnings ratio of 541.73 and a beta of 1.03. The company has a 50-day moving average price of $65.20 and a 200 day moving average price of $70.30.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Schlumberger N.V.’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Schlumberger N.V. will post $1.53 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 2.91%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
SLB has been the topic of a number of recent research reports. Jefferies Group LLC set a $80.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, August 25th. BidaskClub cut Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Wells Fargo & Co reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a report on Monday, July 10th. Barclays PLC cut Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $98.00 to $73.00 in a report on Wednesday, June 21st. Finally, Sanford C. Bernstein raised Schlumberger N.V. from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $94.00 to $80.00 in a report on Thursday, July 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $85.80.
In other news, Director Helge Lund purchased 2,800 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was acquired at an average price of $66.78 per share, with a total value of $186,984.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael E. Marks purchased 8,000 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by corporate insiders.
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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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