Court Place Advisors LLC maintained its stake in Schlumberger NV (NYSE:SLB) during the second quarter, Holdings Channel reports. The firm owned 4,851 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Schlumberger NV were worth $384,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. New Harbor Financial Group LLC raised its position in shares of Schlumberger NV by 50.0% in the second quarter. New Harbor Financial Group LLC now owns 1,500 shares of the company’s stock valued at $118,000 after buying an additional 500 shares during the last quarter. Trust Department MB Financial Bank N A raised its position in Schlumberger NV by 9.6% in the second quarter. Trust Department MB Financial Bank N A now owns 1,753 shares of the company’s stock worth $139,000 after buying an additional 153 shares in the last quarter. North Star Investment Management Corp. raised its position in Schlumberger NV by 23.6% in the second quarter. North Star Investment Management Corp. now owns 1,830 shares of the company’s stock worth $145,000 after buying an additional 350 shares in the last quarter. FCM Investments TX raised its position in Schlumberger NV by 25.0% in the second quarter. FCM Investments TX now owns 2,000 shares of the company’s stock worth $158,000 after buying an additional 400 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its position in Schlumberger NV by 72.1% in the first quarter. Brookfield Asset Management Inc. now owns 2,220 shares of the company’s stock worth $164,000 after buying an additional 930 shares in the last quarter. 78.39% of the stock is owned by institutional investors and hedge funds.
Schlumberger NV (NYSE:SLB) traded down 0.14% on Friday, hitting $81.31. The company’s stock had a trading volume of 5,305,592 shares. The firm’s market cap is $113.08 billion. Schlumberger NV has a 12 month low of $59.60 and a 12 month high of $83.97. The firm has a 50 day moving average of $78.71 and a 200 day moving average of $77.85.
Schlumberger NV (NYSE:SLB) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, beating the Zacks’ 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 firm earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. Equities research analysts forecast that Schlumberger NV will post $1.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Friday, September 2nd. Schlumberger NV’s payout ratio is -168.07%.
A number of research analysts have recently weighed in on the company. Howard Weil raised their target price on Schlumberger NV from $80.00 to $90.00 and gave the company a “sector outperform” rating in a report on Monday, July 25th. Zacks Investment Research upgraded Schlumberger NV from a “strong sell” rating to a “hold” rating in a report on Monday, June 27th. Jefferies Group restated a “hold” rating and issued a $85.00 target price (up previously from $80.00) on shares of Schlumberger NV in a report on Monday, July 11th. Citigroup Inc. dropped their target price on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, September 12th. Finally, Vetr restated a “buy” rating on shares of Schlumberger NV in a report on Tuesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Schlumberger NV currently has an average rating of “Buy” and a consensus target price of $90.59.
In related news, insider Howard Guild sold 11,900 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $81.32, for a total value of $967,708.00. Following the completion of the transaction, the insider now owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Tore I. Sandvold sold 2,500 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $78.09, for a total transaction of $195,225.00. Following the completion of the transaction, the director now directly owns 17,750 shares of the company’s stock, valued at approximately $1,386,097.50. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.
About Schlumberger NV
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.