Round Table Services LLC Has $236,000 Position in Schlumberger N.V. (NYSE:SLB)
Round Table Services LLC increased its stake in Schlumberger N.V. (NYSE:SLB) by 30.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,581 shares of the oil and gas company’s stock after buying an additional 836 shares during the period. Round Table Services LLC’s holdings in Schlumberger N.V. were worth $236,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in Schlumberger N.V. by 1.1% in the first quarter. State Street Corp now owns 72,400,230 shares of the oil and gas company’s stock valued at $5,655,994,000 after buying an additional 769,874 shares during the last quarter. Dodge & Cox acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at about $3,954,205,000. Bank of New York Mellon Corp boosted its position in shares of Schlumberger N.V. by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 26,666,760 shares of the oil and gas company’s stock valued at $2,082,673,000 after buying an additional 477,006 shares during the period. Norges Bank acquired a new position in shares of Schlumberger N.V. during the fourth quarter valued at about $1,178,888,000. Finally, Clearbridge Investments LLC boosted its position in shares of Schlumberger N.V. by 5.7% in the first quarter. Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company’s stock valued at $953,974,000 after buying an additional 655,694 shares during the period. Institutional investors and hedge funds own 79.14% of the company’s stock.
Schlumberger N.V. (NYSE:SLB) traded down 0.89% during trading on Friday, reaching $63.83. 4,627,489 shares of the company were exchanged. Schlumberger N.V. has a 12 month low of $63.74 and a 12 month high of $87.84. The firm has a market capitalization of $88.37 billion, a PE ratio of 502.60 and a beta of 1.02. The stock has a 50 day moving average price of $66.44 and a 200 day moving average price of $73.68.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period last year, the firm posted $0.23 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that Schlumberger N.V. will post $1.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a yield of 3.13%. Schlumberger N.V.’s dividend payout ratio (DPR) is currently 1,538.58%.
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Several research analysts recently issued reports on SLB shares. Barclays PLC reissued an “overweight” rating and set a $107.00 target price on shares of Schlumberger N.V. in a report on Monday, April 24th. Morgan Stanley raised their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 21st. Zacks Investment Research cut shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Jefferies Group LLC reissued a “buy” rating and set a $92.00 target price on shares of Schlumberger N.V. in a report on Friday, June 30th. Finally, Vetr raised shares of Schlumberger N.V. from a “buy” rating to a “strong-buy” rating and set a $91.00 target price for the company in a report on Thursday, April 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, nineteen have given 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 target price of $86.40.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 5,000 shares in the company, valued at approximately $349,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter L. S. Currie bought 3,625 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were acquired at an average price of $69.02 per share, with a total value of $250,197.50. Following the completion of the acquisition, the director now directly owns 31,550 shares in the company, valued at approximately $2,177,581. The disclosure for this purchase can be found here. Company insiders own 0.38% of the company’s stock.
About Schlumberger N.V.
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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