Schlumberger N.V. (NYSE:SLB) Stake Increased by Trust Co. of Vermont

Trust Co. of Vermont raised its position in shares of Schlumberger N.V. (NYSE:SLB) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,039 shares of the oil and gas company’s stock after buying an additional 643 shares during the period. Trust Co. of Vermont’s holdings in Schlumberger N.V. were worth $4,533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. STA Wealth Management LLC increased its stake in Schlumberger N.V. by 0.3% in the fourth quarter. STA Wealth Management LLC now owns 10,070 shares of the oil and gas company’s stock worth $845,000 after buying an additional 30 shares in the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Schlumberger N.V. during the fourth quarter worth approximately $236,000. Kovitz Investment Group Partners LLC boosted its position in shares of Schlumberger N.V. by 1.6% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 188,648 shares of the oil and gas company’s stock worth $15,837,000 after buying an additional 2,916 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Schlumberger N.V. by 343.4% in the fourth quarter. Ancora Advisors LLC now owns 41,876 shares of the oil and gas company’s stock worth $3,515,000 after buying an additional 32,432 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Schlumberger N.V. during the fourth quarter worth approximately $5,363,000. Institutional investors and hedge funds own 79.65% of the company’s stock.

Schlumberger N.V. (NYSE:SLB) traded up 0.46% during midday trading on Friday, hitting $63.32. 9,096,305 shares of the stock were exchanged. The stock has a market cap of $87.67 billion, a P/E ratio of 498.58 and a beta of 1.02. Schlumberger N.V. has a one year low of $62.93 and a one year high of $87.84. The firm has a 50-day moving average price of $66.15 and a 200-day moving average price of $72.93.

Schlumberger N.V. (NYSE:SLB) last posted its quarterly earnings data on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $7.46 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the previous year, the business earned $0.23 EPS. Schlumberger N.V.’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. Schlumberger N.V.’s dividend payout ratio (DPR) is 1,538.58%.

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A number of equities analysts have issued reports on the stock. UBS AG set a $90.00 price target on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, June 16th. Seaport Global Securities reissued a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, July 21st. BidaskClub downgraded shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Evercore ISI set a $93.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Saturday, April 22nd. Finally, Instinet reaffirmed a “buy” rating and set a $78.00 target price (down from $85.00) on shares of Schlumberger N.V. in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Schlumberger N.V. presently has an average rating of “Buy” and an average price target of $86.21.

In related news, President Aaron Gatt Floridia sold 40,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $69.17, for a total transaction of $2,766,800.00. Following the completion of the transaction, the president now directly owns 96,175 shares in the company, valued at approximately $6,652,424.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $64.20 per share, with a total value of $513,600.00. The disclosure for this purchase can be found here. Insiders bought a total of 14,425 shares of company stock valued at $950,782 over the last quarter. Company 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.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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