Capital Planning Advisors LLC lifted its holdings in shares of Schlumberger N.V. (NYSE:SLB) by 53.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,367 shares of the oil and gas company’s stock after acquiring an additional 3,259 shares during the period. Capital Planning Advisors LLC’s holdings in Schlumberger N.V. were worth $617,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Schulhoff & Co. Inc. increased its position in shares of Schlumberger N.V. by 1.2% during the second quarter. Schulhoff & Co. Inc. now owns 8,147 shares of the oil and gas company’s stock worth $536,000 after acquiring an additional 100 shares in the last quarter. Blume Capital Management Inc. increased its position in shares of Schlumberger N.V. by 4.4% during the second quarter. Blume Capital Management Inc. now owns 100,991 shares of the oil and gas company’s stock worth $6,649,000 after acquiring an additional 4,225 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Schlumberger N.V. during the second quarter worth about $1,926,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Schlumberger N.V. by 18.0% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 342,438 shares of the oil and gas company’s stock worth $22,546,000 after acquiring an additional 52,350 shares in the last quarter. Finally, Airain ltd increased its position in shares of Schlumberger N.V. by 31.7% during the second quarter. Airain ltd now owns 347,051 shares of the oil and gas company’s stock worth $22,850,000 after acquiring an additional 83,581 shares in the last quarter. 79.13% of the stock is owned by institutional investors.
Schlumberger N.V. (NYSE SLB) opened at $65.04 on Tuesday. The company has a market cap of $91,067.12, a price-to-earnings ratio of 50.96, a PEG ratio of 2.01 and a beta of 1.02. Schlumberger N.V. has a twelve month low of $61.40 and a twelve month high of $87.84. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.
Schlumberger N.V. (NYSE:SLB) last issued its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. equities research analysts expect that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.
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Several research analysts recently weighed in on SLB shares. Jefferies Group LLC restated a “buy” rating and set a $80.00 price target on shares of Schlumberger N.V. in a report on Friday, September 29th. BidaskClub upgraded shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Citigroup Inc. boosted their price target on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, October 5th. Cowen and Company set a $80.00 price target on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, 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 report on Saturday, October 7th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $80.08.
In other news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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.
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