Northstar Asset Management LLC lowered its stake in shares of Schlumberger N.V. (NYSE:SLB) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,389 shares of the oil and gas company’s stock after selling 3,079 shares during the period. Schlumberger N.V. accounts for about 1.1% of Northstar Asset Management LLC’s investment portfolio, making the stock its 27th largest position. Northstar Asset Management LLC’s holdings in Schlumberger N.V. were worth $2,396,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SLB. First American Bank raised its position in Schlumberger N.V. by 14.7% in the first quarter. First American Bank now owns 35,572 shares of the oil and gas company’s stock valued at $2,778,000 after buying an additional 4,569 shares during the last quarter. Kempner Capital Management Inc. raised its position in shares of Schlumberger N.V. by 11.0% in the first quarter. Kempner Capital Management Inc. now owns 58,203 shares of the oil and gas company’s stock worth $4,546,000 after buying an additional 5,748 shares during the last quarter. WCM Investment Management CA raised its position in shares of Schlumberger N.V. by 0.8% in the first quarter. WCM Investment Management CA now owns 547,223 shares of the oil and gas company’s stock worth $42,738,000 after buying an additional 4,333 shares during the last quarter. National Pension Service raised its position in shares of Schlumberger N.V. by 4.5% in the first quarter. National Pension Service now owns 964,626 shares of the oil and gas company’s stock worth $75,086,000 after buying an additional 41,903 shares during the last quarter. Finally, Country Club Trust Company n.a. raised its position in shares of Schlumberger N.V. by 1.7% in the first quarter. Country Club Trust Company n.a. now owns 80,698 shares of the oil and gas company’s stock worth $6,303,000 after buying an additional 1,344 shares during the last quarter. Hedge funds and other institutional investors own 79.65% of the company’s stock.

Shares of Schlumberger N.V. (NYSE SLB) traded up 1.59% during mid-day trading on Friday, hitting $63.88. 5,712,609 shares of the stock traded hands. The firm has a 50 day moving average of $65.77 and a 200 day moving average of $72.24. Schlumberger N.V. has a 12 month low of $62.56 and a 12 month high of $87.84. The company has a market cap of $88.44 billion, a P/E ratio of 502.99 and a beta of 1.02.

Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities 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. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. Schlumberger N.V.’s dividend payout ratio is currently 1,538.58%.

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SLB has been the subject of a number of recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $92.00 price objective on shares of Schlumberger N.V. in a report on Friday, June 30th. BMO Capital Markets restated a “buy” rating and issued a $89.00 price objective on shares of Schlumberger N.V. in a report on Thursday, June 22nd. UBS AG set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, June 16th. Scotiabank set a $90.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, July 7th. Finally, Credit Suisse Group set a $78.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Monday, July 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Schlumberger N.V. presently has a consensus rating of “Buy” and a consensus target price of $86.21.

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 sale, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $349,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Aaron Gatt Floridia sold 40,000 shares of the firm’s stock in a transaction dated 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 sale, the president now directly owns 96,175 shares in the company, valued at $6,652,424.75. The disclosure for this sale can be found here. Insiders have acquired a total of 14,425 shares of company stock worth $950,782 over the last ninety days. 0.38% of the stock is owned by corporate insiders.

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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