Hourglass Capital LLC increased its stake in Schlumberger N.V. (NYSE:SLB) by 35.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,574 shares of the oil and gas company’s stock after purchasing an additional 27,860 shares during the quarter. Schlumberger N.V. accounts for 1.8% of Hourglass Capital LLC’s investment portfolio, making the stock its 27th largest position. Hourglass Capital LLC’s holdings in Schlumberger N.V. were worth $7,017,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also bought and sold shares of the company. Bank of Stockton boosted its position in shares of Schlumberger N.V. by 4.5% in the first quarter. Bank of Stockton now owns 10,491 shares of the oil and gas company’s stock worth $818,000 after acquiring an additional 450 shares during the last quarter. Tufton Capital Management lifted its position in Schlumberger N.V. by 37.1% during the first quarter. Tufton Capital Management now owns 3,697 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 1,000 shares in the last quarter. Arrow Financial Corp lifted its position in Schlumberger N.V. by 0.8% during the first quarter. Arrow Financial Corp now owns 22,193 shares of the oil and gas company’s stock valued at $1,733,000 after buying an additional 186 shares in the last quarter. Greenleaf Trust lifted its position in Schlumberger N.V. by 5.8% during the first quarter. Greenleaf Trust now owns 9,681 shares of the oil and gas company’s stock valued at $756,000 after buying an additional 529 shares in the last quarter. Finally, Oxbow Advisors LLC lifted its position in Schlumberger N.V. by 58.2% during the first quarter. Oxbow Advisors LLC now owns 78,616 shares of the oil and gas company’s stock valued at $6,140,000 after buying an additional 28,918 shares in the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.
A number of analysts have recently issued reports on the stock. Goldman Sachs Group, Inc. (The) lowered shares of Schlumberger N.V. from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective on the stock. in a research note on Monday. Zacks Investment Research upgraded shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley reiterated a “buy” rating on shares of Schlumberger N.V. in a research note on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Schlumberger N.V. in a report on Tuesday, October 31st. Finally, Loop Capital cut their price objective on Schlumberger N.V. from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $79.31.
Schlumberger N.V. (NYSE SLB) opened at $64.10 on Tuesday. The stock has a market capitalization of $91,067.12, a P/E ratio of 50.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. 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. has a fifty-two week low of $61.40 and a fifty-two week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. The business had revenue of $7.91 billion for 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 company’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.25 earnings per share. equities analysts expect that Schlumberger N.V. will post 1.47 EPS for the current year.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $62.63, for a total transaction of $219,205.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.
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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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