The Schlumberger NV (SLB) Stake Lowered by Washington Capital Management Inc.

The Schlumberger NV (SLB) Stake Lowered by Washington Capital Management Inc.

Washington Capital Management Inc. decreased its stake in Schlumberger NV (NYSE:SLB) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 23,570 shares of the company’s stock after selling 230 shares during the period. Schlumberger NV comprises 2.6% of Washington Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. Washington Capital Management Inc.’s holdings in Schlumberger NV were worth $1,854,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Smith Asset Management Group LP raised its stake in Schlumberger NV by 6.7% in the third quarter. Smith Asset Management Group LP now owns 1,280 shares of the company’s stock valued at $101,000 after buying an additional 80 shares during the last quarter. Invictus RG raised its stake 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 last quarter. Roble Belko & Company Inc purchased a new stake in Schlumberger NV during the second quarter valued at about $108,000. WealthTrust Arizona LLC raised 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 during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in Schlumberger NV during the second quarter valued at about $114,000. 77.78% of the stock is currently owned by institutional investors.

Schlumberger NV (NYSE:SLB) traded down 0.32% on Thursday, reaching $87.20. 7,257,639 shares of the company’s stock were exchanged. The firm’s market capitalization is $121.32 billion. The stock’s 50 day moving average price is $85.20 and its 200 day moving average price is $81.07. Schlumberger NV has a 1-year low of $60.37 and a 1-year high of $87.84.

Schlumberger NV (NYSE:SLB) last posted its quarterly earnings data 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 negative net margin of 8.78% and a positive return on equity of 5.06%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s revenue was down 17.2% compared to the same quarter last year. On average, analysts expect that Schlumberger NV will post $1.15 earnings per share for the current year.

SLB has been the topic of a number of research reports. Jefferies Group raised shares of Schlumberger NV from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. Citigroup Inc. raised their price target on shares of Schlumberger NV from $89.00 to $93.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Guggenheim reaffirmed a “buy” rating on shares of Schlumberger NV in a research note on Thursday, November 10th. Vetr raised shares of Schlumberger NV from a “buy” rating to a “strong-buy” rating and set a $95.37 price target on the stock in a research note on Monday, December 19th. Finally, Loop Capital initiated coverage on shares of Schlumberger NV in a research note on Friday, September 30th. They issued a “buy” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Schlumberger NV has a consensus rating of “Buy” and an average price target of $91.90.

In other Schlumberger NV news, VP Imran Kizilbash sold 134,091 shares of the stock in a transaction on Monday, December 12th. The shares were sold at an average price of $86.35, for a total transaction of $11,578,757.85. Following the transaction, the vice president now directly owns 78,084 shares in the company, valued at approximately $6,742,553.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stephane Biguet sold 3,000 shares of the stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $79.73, for a total transaction of $239,190.00. Following the transaction, the vice president now owns 10,108 shares in the company, valued at $805,910.84. The disclosure for this sale can be found here. Insiders have sold a total of 246,098 shares of company stock worth $20,998,530 over the last quarter. 0.36% of the stock is currently owned by 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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