Schlumberger N.V. (SLB) Shares Sold by Farmers & Merchants Trust Co of Chambersburg PA
Farmers & Merchants Trust Co of Chambersburg PA cut its stake in shares of Schlumberger N.V. (NYSE:SLB) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,970 shares of the oil and gas company’s stock after selling 25 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Schlumberger N.V. were worth $327,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its position 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 buying an additional 307 shares in the last quarter. MCF Advisors LLC grew its position in shares of 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 period. 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. Baystate Wealth Management LLC increased its stake in Schlumberger N.V. by 27.6% in the first quarter. Baystate Wealth Management LLC now owns 2,402 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 520 shares during the last quarter. Finally, Point View Wealth Management Inc. increased its stake in Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after purchasing an additional 160 shares during the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.28% during trading on Wednesday, reaching $68.87. The company’s stock had a trading volume of 3,732,544 shares. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84. The stock’s 50 day moving average price is $65.94 and its 200-day moving average price is $69.56. The firm has a market cap of $95.35 billion, a PE ratio of 542.28 and a beta of 1.05.
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 predict that Schlumberger N.V. will post $1.52 EPS 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 issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.90%. 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 news, Director Michael E. Marks purchased 8,000 shares of Schlumberger N.V. stock in a transaction dated Friday, August 11th. The stock was 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 SEC, which is available through this link. Also, Director Helge Lund purchased 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The shares were purchased at an average price of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.
SLB has been the topic of a number of research analyst reports. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a report on Friday, August 25th. BidaskClub downgraded Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Barclays PLC lowered shares of Schlumberger N.V. from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $98.00 to $73.00 in a report on Wednesday, June 21st. Finally, Sanford C. Bernstein upgraded Schlumberger N.V. from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $94.00 to $80.00 in a research note on Thursday, July 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the stock. Schlumberger N.V. currently has a consensus rating of “Buy” and a consensus target price of $85.80.
Schlumberger N.V. Company 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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