American Century Companies Inc. boosted its position in shares of Schlumberger N.V. (NYSE:SLB) by 30.8% during the first quarter, according to its most recent Form 13F filing with the SEC. 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. makes up about 0.7% of American Century Companies Inc.’s holdings, making the stock its 16th largest position. American Century Companies Inc. owned approximately 0.60% of Schlumberger N.V. worth $650,264,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. SRS Capital Advisors Inc. purchased a new position in Schlumberger N.V. during the fourth quarter worth $101,000. American Research & Management Co. boosted 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 worth $106,000 after buying an additional 106 shares during the last quarter. Rocky Mountain Advisers LLC boosted 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 worth $113,000 after buying an additional 1,331 shares during the last quarter. MCF Advisors LLC boosted 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. Finally, Advantage Investment Management LLC purchased a new position in Schlumberger N.V. during the fourth quarter worth $127,000. 79.65% of the stock is owned by institutional investors.
Schlumberger N.V. (NYSE SLB) traded up 0.46% on Friday, hitting $63.32. 9,096,305 shares of the company were exchanged. Schlumberger N.V. has a one year low of $62.93 and a one year high of $87.84. The firm has a market cap of $87.67 billion, a price-to-earnings ratio of 498.58 and a beta of 1.02. The stock has a 50 day moving average price of $66.15 and a 200 day moving average price of $72.93.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Friday, September 1st. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.
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Several equities analysts have recently commented on SLB shares. Barclays PLC reaffirmed an “overweight” rating and set a $107.00 price target on shares of Schlumberger N.V. in a research report on Monday, April 24th. BidaskClub cut shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Wells Fargo & Company reaffirmed an “outperform” rating on shares of Schlumberger N.V. in a research report on Monday, July 10th. Guggenheim cut shares of Schlumberger N.V. from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. Finally, Sanford C. Bernstein raised shares of Schlumberger N.V. from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $94.00 to $80.00 in a research report on Thursday, July 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $86.21.
In other Schlumberger N.V. news, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $69.17, for a total value of $2,766,800.00. Following the completion of the sale, the president now owns 96,175 shares of the company’s stock, valued at $6,652,424.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tore I. Sandvold sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total transaction of $349,100.00. Following the completion of the sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 14,425 shares of company stock valued at $950,782. 0.38% of the stock is currently owned by insiders.
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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