Country Trust Bank raised its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 20.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,872 shares of the oil and gas company’s stock after purchasing an additional 60,275 shares during the quarter. Country Trust Bank’s holdings in Schlumberger N.V. were worth $23,167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SLB. Wealth Architects LLC lifted its holdings in Schlumberger N.V. by 0.3% during the 1st quarter. Wealth Architects LLC now owns 4,003 shares of the oil and gas company’s stock worth $313,000 after buying an additional 13 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management lifted its holdings in Schlumberger N.V. by 0.5% during the 1st quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 3,720 shares of the oil and gas company’s stock worth $291,000 after buying an additional 18 shares during the last quarter. Syntal Capital Partners LLC lifted its holdings in Schlumberger N.V. by 0.5% during the 1st quarter. Syntal Capital Partners LLC now owns 5,613 shares of the oil and gas company’s stock worth $439,000 after buying an additional 29 shares during the last quarter. Family Legacy Inc. lifted its holdings in Schlumberger N.V. by 0.9% during the 2nd quarter. Family Legacy Inc. now owns 3,372 shares of the oil and gas company’s stock worth $222,000 after buying an additional 30 shares during the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Schlumberger N.V. by 0.3% during the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,886 shares of the oil and gas company’s stock worth $848,000 after buying an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Schlumberger N.V. (SLB) opened at 68.82 on Thursday. The company has a 50 day moving average price of $66.09 and a 200-day moving average price of $69.55. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84. The firm has a market capitalization of $95.28 billion, a PE ratio of 541.89 and a beta of 1.05.

Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $7.46 billion during the quarter, compared to analysts’ expectations of $7.25 billion. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities analysts predict that Schlumberger N.V. will post $1.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.

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A number of research analysts have commented on the company. Zacks Investment Research raised Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Scotiabank set a $90.00 target price on Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, July 7th. Iberia Capital downgraded Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $100.00 to $77.00 in a report on Thursday, June 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $80.00 target price on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Finally, Morgan Stanley increased their target price on Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. Two equities research 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 company. The company currently has a consensus rating of “Buy” and a consensus target price of $85.80.

In other Schlumberger N.V. news, Director Helge Lund bought 2,800 shares of the company’s stock in a transaction on Monday, July 24th. The stock was bought at an average price of $66.78 per share, for a total transaction of $186,984.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Marks bought 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

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.

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

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