Schlumberger NV (SLB) is Thomas Story & Son LLC’s 9th Largest Position
Thomas Story & Son LLC continued to hold its position in shares of Schlumberger NV (NYSE:SLB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,040 shares of the company’s stock at the end of the third quarter. Schlumberger NV comprises approximately 3.9% of Thomas Story & Son LLC’s holdings, making the stock its 9th largest position. Thomas Story & Son LLC’s holdings in Schlumberger NV were worth $6,294,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Invictus RG increased its position in Schlumberger NV by 379.2% in the second quarter. Invictus RG now owns 1,313 shares of the company’s stock valued at $104,000 after buying an additional 1,039 shares during the period. Roble Belko & Company Inc bought a new stake in Schlumberger NV during the second quarter valued at approximately $108,000. Proficio Capital Partners LLC boosted its stake in Schlumberger NV by 78.3% in the second quarter. Proficio Capital Partners LLC now owns 1,426 shares of the company’s stock valued at $113,000 after buying an additional 626 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in Schlumberger NV by 5.5% in the third quarter. WealthTrust Arizona LLC now owns 1,429 shares of the company’s stock valued at $112,000 after buying an additional 74 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in Schlumberger NV during the second quarter valued at approximately $114,000. Institutional investors own 77.93% of the company’s stock.
Shares of Schlumberger NV (NYSE:SLB) traded down 1.70% during midday trading on Tuesday, hitting $79.68. The stock had a trading volume of 4,866,537 shares. The company’s market cap is $110.86 billion. Schlumberger NV has a one year low of $59.60 and a one year high of $84.30. The firm has a 50 day moving average of $80.40 and a 200-day moving average of $79.05.
Schlumberger NV (NYSE:SLB) last issued its earnings results on Thursday, October 20th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. Schlumberger NV had a positive return on equity of 5.06% and a negative net margin of 8.78%. The company earned $7 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. Schlumberger NV’s quarterly revenue was down 17.2% compared to the same quarter last year. On average, analysts forecast that Schlumberger NV will post $1.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Wednesday, December 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. Schlumberger NV’s payout ratio is currently -108.70%.
Several equities research analysts recently commented on SLB shares. Seaport Global Securities reaffirmed a “buy” rating on shares of Schlumberger NV in a report on Friday, August 19th. Nomura set a $91.00 price target on Schlumberger NV and gave the company a “buy” rating in a report on Tuesday, August 16th. Loop Capital started coverage on Schlumberger NV in a report on Friday, September 30th. They issued a “buy” rating and a $90.00 price target for the company. Zacks Investment Research cut Schlumberger NV from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. Finally, Vetr reissued a “buy” rating on shares of Schlumberger NV in a research note on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $91.01.
In other news, Director Tore I. Sandvold sold 5,000 shares of Schlumberger NV stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $81.00, for a total transaction of $405,000.00. Following the sale, the director now owns 12,750 shares of the company’s stock, valued at $1,032,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tore I. Sandvold sold 2,500 shares of Schlumberger NV stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $78.09, for a total value of $195,225.00. Following the sale, the director now directly owns 17,750 shares in the company, valued at approximately $1,386,097.50. The disclosure for this sale can be found here. 0.36% of the stock is owned by company insiders.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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