Pointe Capital Management LLC decreased its position in Schlumberger NV (NYSE:SLB) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,591 shares of the company’s stock after selling 238 shares during the period. Pointe Capital Management LLC’s holdings in Schlumberger NV were worth $600,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SLB. Bank of Montreal Can acquired a new position in Schlumberger NV during the second quarter worth approximately $182,448,000. State Street Corp raised its position in Schlumberger NV by 2.6% in the first quarter. State Street Corp now owns 57,778,375 shares of the company’s stock worth $4,261,159,000 after buying an additional 1,485,126 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Schlumberger NV during the first quarter worth approximately $46,113,000. Virginia Retirement System acquired a new position in Schlumberger NV during the first quarter worth approximately $31,620,000. Finally, Loomis Sayles & Co. L P raised its position in Schlumberger NV by 6.4% in the first quarter. Loomis Sayles & Co. L P now owns 6,755,690 shares of the company’s stock worth $498,233,000 after buying an additional 408,901 shares in the last quarter. 78.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of Schlumberger NV (NYSE:SLB) traded down 0.26% during midday trading on Friday, reaching $81.32. The company had a trading volume of 4,681,503 shares. The company has a 50 day moving average of $78.67 and a 200 day moving average of $78.13. Schlumberger NV has a 12-month low of $59.60 and a 12-month high of $83.97. The firm’s market capitalization is $113.09 billion.
Schlumberger NV (NYSE:SLB) last posted its earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. Schlumberger NV had a negative net margin of 5.64% and a positive return on equity of 6.88%. The business had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $7.09 billion. Analysts anticipate that Schlumberger NV will post $1.12 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 2nd. This represents a $2.00 annualized dividend and a yield of 2.46%. Schlumberger NV’s dividend payout ratio is presently -168.07%.
A number of equities analysts recently commented on SLB shares. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Schlumberger NV in a research report on Thursday, June 30th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Schlumberger NV in a research note on Tuesday, July 5th. Guggenheim reiterated a “buy” rating on shares of Schlumberger NV in a research note on Wednesday, August 31st. Jefferies Group reiterated a “hold” rating on shares of Schlumberger NV in a research note on Thursday, June 30th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $89.00 price objective (down from $90.00) on shares of Schlumberger NV in a research note on Thursday, June 23rd. Four investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Schlumberger NV currently has a consensus rating of “Buy” and a consensus target price of $90.69.
In related news, VP Stephane Biguet sold 4,227 shares of Schlumberger NV stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $78.52, for a total transaction of $331,904.04. Following the sale, the vice president now directly owns 7,108 shares in the company, valued at approximately $558,120.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Tore I. Sandvold sold 2,500 shares of Schlumberger NV stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $78.09, for a total transaction of $195,225.00. Following the sale, the director now owns 17,750 shares in the company, valued at $1,386,097.50. The disclosure for this sale can be found here. Corporate insiders own 0.36% of the company’s stock.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.