Schlumberger N.V. (SLB) Holdings Boosted by Legal & General Group Plc

Legal & General Group Plc grew its position in Schlumberger N.V. (NYSE:SLB) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,831,376 shares of the oil and gas company’s stock after purchasing an additional 115,842 shares during the quarter. Legal & General Group Plc owned approximately 0.49% of Schlumberger N.V. worth $449,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tradewinds Capital Management LLC boosted its position in shares of Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 307 shares during the period. MCF Advisors LLC boosted its position in shares of 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 purchasing an additional 915 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 310 shares during the period. Baystate Wealth Management LLC boosted its position in shares of Schlumberger N.V. by 12.7% in the second quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after purchasing an additional 305 shares during the period. Finally, Rational Advisors LLC bought a new position in shares of Schlumberger N.V. in the second quarter worth approximately $198,000. Institutional investors and hedge funds own 78.89% of the company’s stock.

In other Schlumberger N.V. news, Director Michael E. Marks purchased 8,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tore I. Sandvold sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now owns 1,500 shares in the company, valued at $93,945. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

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Shares of Schlumberger N.V. (NYSE 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. Schlumberger N.V. has a 52 week low of $61.40 and a 52 week high of $87.84. The stock has a 50 day moving average of $66.96 and a 200 day moving average of $68.11.

Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The company had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $7.91 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. Schlumberger N.V.’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts expect that Schlumberger N.V. will post $1.48 earnings per share for the current year.

A number of equities analysts have weighed in on SLB shares. Jefferies Group LLC set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered shares of Schlumberger N.V. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Loop Capital dropped their price target on shares of Schlumberger N.V. from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada set a $86.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Saturday, October 7th. Finally, Scotiabank set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Saturday, October 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Schlumberger N.V. currently 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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Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

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