Pillar Pacific Capital Management LLC Raises Position in Schlumberger N.V. (SLB)
Pillar Pacific Capital Management LLC increased its position in Schlumberger N.V. (NYSE:SLB) by 8.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,553 shares of the oil and gas company’s stock after buying an additional 4,271 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Schlumberger N.V. were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Tradewinds Capital Management LLC increased its stake in shares of 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 valued at $104,000 after acquiring an additional 307 shares during the period. MCF Advisors LLC grew its position 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 worth $126,000 after buying an additional 915 shares during the last quarter. Proficio Capital Partners LLC grew its position 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 worth $145,000 after buying an additional 310 shares during the last quarter. Independence Advisors LLC acquired a new position in Schlumberger N.V. in the second quarter worth approximately $288,000. Finally, Baystate Wealth Management LLC grew its position 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 worth $191,000 after buying an additional 520 shares during the last quarter. 78.91% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the stock. Cowen and Company set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday. Citigroup Inc. lifted their target price on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Friday, September 29th. J P Morgan Chase & Co decreased their target price on shares of Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. Finally, BMO Capital Markets reissued a “buy” rating and set a $74.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $84.52.
In other Schlumberger N.V. news, Director Helge Lund acquired 2,800 shares of the company’s stock in a transaction on Monday, July 24th. The shares were bought at an average cost of $66.78 per share, with a total value of $186,984.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael E. Marks acquired 8,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was acquired at an average cost of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by company insiders.
Schlumberger N.V. (NYSE:SLB) opened at 68.34 on Friday. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84. The stock has a market cap of $94.62 billion, a price-to-earnings ratio of 538.11 and a beta of 1.05. The firm’s 50-day moving average price is $66.39 and its 200 day moving average price is $69.47.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 3.80% and a net margin of 0.62%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. On average, analysts anticipate that Schlumberger N.V. will post $1.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.93%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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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