The Commonwealth Equity Services Inc Has $13,207,000 Position in Schlumberger NV (SLB)

The Commonwealth Equity Services Inc Has $13,207,000 Position in Schlumberger NV (SLB)

Commonwealth Equity Services Inc raised its position in shares of Schlumberger NV (NYSE:SLB) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 167,943 shares of the company’s stock after buying an additional 9,868 shares during the period. Commonwealth Equity Services Inc’s holdings in Schlumberger NV were worth $13,207,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SLB. Shinko Asset Management Co. Ltd. boosted its stake in Schlumberger NV by 8.0% in the second quarter. Shinko Asset Management Co. Ltd. now owns 3,562 shares of the company’s stock worth $282,000 after buying an additional 263 shares in the last quarter. CWM LLC boosted its stake in Schlumberger NV by 14.8% in the second quarter. CWM LLC now owns 185,487 shares of the company’s stock worth $14,668,000 after buying an additional 23,920 shares in the last quarter. Paragon Capital Management LLC boosted its stake in Schlumberger NV by 4.6% in the second quarter. Paragon Capital Management LLC now owns 72,898 shares of the company’s stock worth $5,764,000 after buying an additional 3,217 shares in the last quarter. Donald L. Hagan LLC boosted its stake in Schlumberger NV by 2.7% in the second quarter. Donald L. Hagan LLC now owns 7,602 shares of the company’s stock worth $601,000 after buying an additional 198 shares in the last quarter. Finally, Kanaly Trust Co boosted its stake in Schlumberger NV by 4.5% in the second quarter. Kanaly Trust Co now owns 10,364 shares of the company’s stock worth $820,000 after buying an additional 448 shares in the last quarter. Institutional investors own 77.78% of the company’s stock.

Shares of Schlumberger NV (NYSE:SLB) opened at 86.49 on Friday. The firm’s market capitalization is $120.33 billion. The stock’s 50 day moving average is $84.70 and its 200-day moving average is $80.90. Schlumberger NV has a 52-week low of $59.60 and a 52-week high of $87.78.

Schlumberger NV (NYSE:SLB) last released its quarterly earnings data on Friday, January 20th. The company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.08 billion. Schlumberger NV had a negative net margin of 8.78% and a positive return on equity of 5.06%. Schlumberger NV’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, equities analysts forecast that Schlumberger NV will post $1.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Wednesday, February 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.31%. Schlumberger NV’s dividend payout ratio (DPR) is -108.70%.

SLB has been the topic of a number of research analyst reports. SunTrust Banks Inc. initiated coverage on Schlumberger NV in a research report on Wednesday. They set a “hold” rating and a $92.00 target price on the stock. Vetr upgraded Schlumberger NV from a “hold” rating to a “buy” rating and set a $95.37 target price on the stock in a research report on Tuesday, December 13th. BMO Capital Markets reiterated a “buy” rating and set a $96.00 target price on shares of Schlumberger NV in a research report on Thursday, January 12th. Jefferies Group upgraded Schlumberger NV from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Thursday, December 1st. Finally, Sanford C. Bernstein initiated coverage on Schlumberger NV in a research report on Thursday, December 1st. They set a “market perform” rating and a $92.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $92.85.

In related news, CFO Simon Ayat sold 40,000 shares of the stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $84.00, for a total transaction of $3,360,000.00. Following the sale, the chief financial officer now owns 113,335 shares in the company, valued at $9,520,140. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Imran Kizilbash sold 134,091 shares of the stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $86.35, for a total transaction of $11,578,757.85. Following the sale, the vice president now owns 78,084 shares in the company, valued at approximately $6,742,553.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 246,098 shares of company stock worth $20,998,530. 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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