Chesapeake Asset Management LLC increased its stake in Schlumberger N.V. (NYSE:SLB) by 23.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,275 shares of the oil and gas company’s stock after purchasing an additional 9,200 shares during the quarter. Schlumberger N.V. accounts for 3.1% of Chesapeake Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Chesapeake Asset Management LLC’s holdings in Schlumberger N.V. were worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also bought and sold shares of SLB. 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 raised its stake in shares of 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 purchasing an additional 529 shares during the period. Finally, Oxbow Advisors LLC raised its stake in shares of 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 purchasing an additional 28,918 shares during the period. Hedge funds and other institutional investors own 79.13% of the company’s stock.
Schlumberger N.V. (NYSE:SLB) opened at $64.10 on Tuesday. Schlumberger N.V. has a fifty-two week low of $61.40 and a fifty-two week high of $87.84. The company has a current ratio of 1.53, a quick ratio of 1.20 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $91,067.12, a price-to-earnings ratio of 50.96, a PEG ratio of 2.01 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last released its quarterly earnings results on Friday, October 20th. The oil and gas company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. The firm 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 business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. research analysts expect that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.
SLB has been the subject of a number of research analyst reports. 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 target for the company. 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 reissued a “buy” rating on shares of Schlumberger N.V. in a report on Friday, November 3rd. SunTrust Banks, Inc. reissued a “hold” rating on shares of Schlumberger N.V. in a report on Tuesday, October 31st. Finally, Loop Capital reduced their price objective on shares of Schlumberger N.V. from $80.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.31.
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In other news, Director Tore I. Sandvold sold 3,500 shares of the 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 of the company’s stock, valued at $93,945. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.38% of the stock is currently owned by corporate insiders.
Schlumberger N.V. 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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