Mcrae Capital Management Inc. trimmed its position in shares of Schlumberger N.V. (NYSE:SLB) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,606 shares of the oil and gas company’s stock after selling 400 shares during the quarter. Mcrae Capital Management Inc.’s holdings in Schlumberger N.V. were worth $369,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC increased its holdings in shares of Schlumberger N.V. by 29.8% during the 1st 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 in the last quarter. MCF Advisors LLC increased 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 acquiring an additional 915 shares in the last quarter. Proficio Capital Partners LLC increased 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 acquiring an additional 310 shares in the last quarter. Baystate Wealth Management LLC increased 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 acquiring an additional 305 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in Schlumberger N.V. by 1.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 3,049 shares of the oil and gas company’s stock worth $200,000 after acquiring an additional 52 shares in the last quarter. 78.91% of the stock is owned by hedge funds and other institutional investors.

Schlumberger N.V. (NYSE SLB) opened at 68.87 on Friday. The firm has a 50-day moving average of $66.24 and a 200-day moving average of $69.55. 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. has a 52-week low of $62.56 and a 52-week 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The firm had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the company earned $0.23 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that Schlumberger N.V. will post $1.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.

In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $64.20 per share, with a total value of $513,600.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Helge Lund purchased 2,800 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was acquired at an average cost of $66.78 per share, for a total transaction of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.

Several equities research analysts recently commented on SLB shares. Morgan Stanley boosted their price target on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. Sanford C. Bernstein raised shares of Schlumberger N.V. from a “market perform” rating to an “outperform” rating and cut their price target 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. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating on shares of Schlumberger N.V. in a report on Saturday, July 22nd. BMO Capital Markets reissued a “buy” rating and issued a $74.00 price target on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Finally, Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $85.28.

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

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