HL Financial Services LLC grew its position in Schlumberger N.V. (NYSE:SLB) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,031 shares of the oil and gas company’s stock after buying an additional 3,755 shares during the quarter. HL Financial Services LLC’s holdings in Schlumberger N.V. were worth $4,742,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of SLB. Tradewinds Capital Management LLC raised its stake in 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 valued at $104,000 after buying an additional 307 shares during the last quarter. MCF Advisors LLC increased its holdings 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 valued at $126,000 after purchasing an additional 915 shares during the period. Proficio Capital Partners LLC increased its holdings 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 valued at $145,000 after purchasing an additional 310 shares during the period. Baystate Wealth Management LLC increased its holdings 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 valued at $181,000 after purchasing an additional 305 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Schlumberger N.V. by 1.7% in the second quarter. Parkside Financial Bank & Trust now owns 3,049 shares of the oil and gas company’s stock valued at $200,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 78.89% of the company’s stock.
In related news, Director Michael E. Marks acquired 8,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $64.20 per share, with a total value of $513,600.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tore I. Sandvold sold 3,500 shares of Schlumberger N.V. stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total value of $219,205.00. Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.
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A number of equities analysts have issued reports on the company. Piper Jaffray Companies set a $74.00 price target on Schlumberger N.V. and gave the stock a “buy” rating in a research report on Saturday, October 21st. Sanford C. Bernstein restated an “outperform” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a research report on Wednesday, September 6th. Jefferies Group LLC set a $80.00 target price on Schlumberger N.V. and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded Schlumberger N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, Deutsche Bank AG assumed coverage on Schlumberger N.V. in a research note on Tuesday, October 10th. They set a “buy” rating and a $78.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $80.08.
Shares of Schlumberger N.V. (NYSE SLB) opened at 63.55 on Friday. The company has a market cap of $87.99 billion, a price-to-earnings ratio of 500.39 and a beta of 1.05. Schlumberger N.V. has a 1-year low of $61.40 and a 1-year high of $87.84. The stock has a 50 day moving average of $67.09 and a 200 day moving average of $68.25.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The company had revenue of $7.91 billion during the quarter, compared to analyst estimates of $7.91 billion. Schlumberger N.V. had a return on equity of 4.42% and a net margin of 1.86%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 earnings per share. Analysts predict that Schlumberger N.V. will post $1.50 EPS for the current year.
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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