Gamco Investors INC. ET AL Sells 11,897 Shares of Schlumberger N.V. (SLB)

Gamco Investors INC. ET AL decreased its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 12.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,249 shares of the oil and gas company’s stock after selling 11,897 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Schlumberger N.V. were worth $5,415,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SLB. CGOV Asset Management raised its stake in Schlumberger N.V. by 27.1% during the first quarter. CGOV Asset Management now owns 41,300 shares of the oil and gas company’s stock valued at $4,297,000 after purchasing an additional 8,800 shares in the last quarter. Waldron LP raised its stake in Schlumberger N.V. by 76.5% during the first quarter. Waldron LP now owns 7,270 shares of the oil and gas company’s stock valued at $568,000 after purchasing an additional 3,150 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp raised its stake in Schlumberger N.V. by 7.5% during the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 266,552 shares of the oil and gas company’s stock valued at $20,818,000 after purchasing an additional 18,529 shares in the last quarter. Bourgeon Capital Management LLC raised its stake in Schlumberger N.V. by 2.3% during the first quarter. Bourgeon Capital Management LLC now owns 59,140 shares of the oil and gas company’s stock valued at $4,619,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Palisade Asset Management LLC raised its stake in Schlumberger N.V. by 3.2% during the first quarter. Palisade Asset Management LLC now owns 24,089 shares of the oil and gas company’s stock valued at $1,881,000 after purchasing an additional 750 shares in the last quarter. 79.13% of the stock is currently owned by institutional investors.

A number of equities research analysts recently issued reports on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Schlumberger N.V. in a research note on Friday, September 29th. BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. boosted their price objective on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, October 5th. Cowen and Company set a $80.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 price objective on shares of Schlumberger N.V. and gave the company a “buy” rating in a research report on Saturday, October 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $80.08.

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In related news, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The disclosure for this sale can be found here. Insiders own 0.38% of the company’s stock.

Shares of Schlumberger N.V. (NYSE:SLB) opened at 64.11 on Tuesday. The stock has a market capitalization of $88.76 billion, a price-to-earnings ratio of 504.80 and a beta of 1.05. The firm’s 50 day moving average is $66.94 and its 200 day moving average is $67.84. 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 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same period in the previous year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts expect that Schlumberger N.V. will post $1.48 earnings per share for the current year.

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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