IMS Capital Management grew its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 2.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,924 shares of the oil and gas company’s stock after acquiring an additional 290 shares during the quarter. IMS Capital Management’s holdings in Schlumberger N.V. were worth $917,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. CGOV Asset Management raised its stake in shares of Schlumberger N.V. by 27.1% in the 1st quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock worth $4,297,000 after buying an additional 8,800 shares in the last quarter. Waldron LP raised its stake in shares of Schlumberger N.V. by 76.5% in the 1st quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock worth $568,000 after buying an additional 3,150 shares in the last quarter. Dowling & Yahnke LLC raised its stake in shares of Schlumberger N.V. by 2.2% in the 1st quarter. Dowling & Yahnke LLC now owns 54,345 shares of the oil and gas company’s stock worth $4,244,000 after buying an additional 1,160 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Schlumberger N.V. in the 1st quarter worth $347,000. Finally, DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of Schlumberger N.V. by 7.5% in the 1st quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 266,552 shares of the oil and gas company’s stock worth $20,818,000 after buying an additional 18,529 shares in the last quarter. Institutional investors own 78.89% of the company’s stock.
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Schlumberger N.V. (SLB) opened at 63.55 on Monday. The stock has a market cap of $87.99 billion, a P/E ratio of 500.39 and a beta of 1.05. The firm has a 50-day moving average price of $66.96 and a 200-day moving average price of $68.11. Schlumberger N.V. has a 52 week low of $61.40 and a 52 week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analysts’ expectations of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. Schlumberger N.V.’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.25 EPS. On average, equities research analysts predict that Schlumberger N.V. will post $1.48 EPS for the current year.
In related news, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $64.20 per share, for a total transaction of $513,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The disclosure for this sale can be found here. 0.38% of the stock is owned by company insiders.
A number of research firms have recently commented on SLB. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 price objective on shares of Schlumberger N.V. in a research note on Friday, September 29th. BidaskClub raised Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 2nd. Citigroup Inc. boosted their price objective on Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, October 5th. Cowen and Company set a $80.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 price objective on Schlumberger N.V. and gave the stock a “buy” rating in a research note on Saturday, October 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $80.08.
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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