American Century Companies Inc. increased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 30.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,326,038 shares of the oil and gas company’s stock after buying an additional 1,959,214 shares during the period. Schlumberger N.V. comprises approximately 0.7% of American Century Companies Inc.’s holdings, making the stock its 16th largest position. American Century Companies Inc. owned 0.60% of Schlumberger N.V. worth $650,264,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in SLB. SRS Capital Advisors Inc. bought a new position in Schlumberger N.V. during the fourth quarter valued at approximately $101,000. Rocky Mountain Advisers LLC increased its position in Schlumberger N.V. by 9,507.1% in the fourth quarter. Rocky Mountain Advisers LLC now owns 1,345 shares of the oil and gas company’s stock valued at $113,000 after buying an additional 1,331 shares during the period. American Research & Management Co. increased its position in Schlumberger N.V. by 8.5% in the first quarter. American Research & Management Co. now owns 1,356 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 106 shares during the period. Advantage Investment Management LLC acquired a new position in Schlumberger N.V. during the fourth quarter valued at approximately $127,000. Finally, MCF Advisors LLC increased 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 valued at $126,000 after buying an additional 915 shares during the period. Hedge funds and other institutional investors own 79.14% of the company’s stock.
Shares of Schlumberger N.V. (NYSE SLB) opened at 63.83 on Friday. Schlumberger N.V. has a 52-week low of $63.74 and a 52-week high of $87.84. The firm’s 50-day moving average is $66.44 and its 200-day moving average is $73.68. The firm has a market cap of $88.37 billion, a P/E ratio of 502.60 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Analysts anticipate that Schlumberger N.V. will post $1.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be given a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.13%. Schlumberger N.V.’s payout ratio is currently 1,538.58%.
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SLB has been the topic of several research reports. Jefferies Group LLC restated an “equal weight” rating on shares of Schlumberger N.V. in a research note on Friday, April 14th. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Deutsche Bank AG decreased their price target on shares of Schlumberger N.V. from $101.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, April 18th. HSBC Holdings plc initiated coverage on shares of Schlumberger N.V. in a research note on Wednesday, April 19th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, SunTrust Banks, Inc. upgraded shares of Schlumberger N.V. from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $86.40.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $69.82, for a total value of $349,100.00. Following the completion of the sale, the director now owns 5,000 shares in the company, valued at $349,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Helge Lund bought 2,800 shares of Schlumberger N.V. stock in a transaction dated Monday, July 24th. The shares were 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. Insiders own 0.38% of the company’s stock.
Schlumberger N.V. Company 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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