Trade Report: The Sii Investments Inc. WI Sold shares of Schlumberger NV (SLB)

The Sii Investments Inc. WI Sold shares of Schlumberger NV (SLB)

Sii Investments Inc. WI lowered its position in shares of Schlumberger NV (NYSE:SLB) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,527 shares of the company’s stock after selling 4 shares during the period. Sii Investments Inc. WI’s holdings in Schlumberger NV were worth $831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLB. Proficio Capital Partners LLC raised its position in Schlumberger NV by 78.3% in the second quarter. Proficio Capital Partners LLC now owns 1,426 shares of the company’s stock valued at $113,000 after buying an additional 626 shares during the period. New Harbor Financial Group LLC raised its position in Schlumberger NV by 50.0% in the second quarter. New Harbor Financial Group LLC now owns 1,500 shares of the company’s stock worth $118,000 after buying an additional 500 shares in 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. Finally, Financial Management Professionals Inc. raised its position in Schlumberger NV by 3.3% in the second quarter. Financial Management Professionals Inc. now owns 1,874 shares of the company’s stock worth $147,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 78.39% of the company’s stock.

Schlumberger NV (NYSE:SLB) opened at 81.31 on Friday. The stock has a 50 day moving average of $78.71 and a 200 day moving average of $77.85. 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.

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. On average, equities research analysts anticipate that Schlumberger NV will post $1.12 EPS for the current fiscal 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. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $94.00 price objective on shares of Schlumberger NV in a research note on Wednesday, June 15th. Vetr raised shares of Schlumberger NV from a “buy” rating to a “strong-buy” rating and set a $86.33 price objective for the company in a research note on Wednesday, June 15th. Simmons reaffirmed an “outperform” rating and issued a $84.00 price objective (down previously from $86.00) on shares of Schlumberger NV in a research note on Monday, June 20th. Citigroup Inc. reaffirmed a “buy” rating and issued a $89.00 price objective (down previously from $90.00) on shares of Schlumberger NV in a research note on Thursday, June 23rd. Finally, Zacks Investment Research raised shares of Schlumberger NV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 27th. Four analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. Schlumberger NV currently has an average rating of “Buy” and an average target price of $90.59.

In other Schlumberger NV news, VP Stephane Biguet sold 4,227 shares of the firm’s 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 completion of the transaction, the vice president now owns 7,108 shares in the company, valued at approximately $558,120.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Tore I. Sandvold sold 2,500 shares of the firm’s 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 transaction, the director now 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. 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.

Related posts

Leave a Comment