Delta Asset Management LLC TN Has $402,000 Position in Schlumberger N.V. (SLB)

Delta Asset Management LLC TN cut its stake in shares of Schlumberger N.V. (NYSE:SLB) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,149 shares of the oil and gas company’s stock after selling 240 shares during the period. Delta Asset Management LLC TN’s holdings in Schlumberger N.V. were worth $402,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wrapmanager Inc. raised its stake in Schlumberger N.V. by 3.0% in the fourth quarter. Wrapmanager Inc. now owns 12,391 shares of the oil and gas company’s stock valued at $1,040,000 after buying an additional 366 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Schlumberger N.V. during the fourth quarter valued at $208,252,000. Aveo Capital Partners LLC bought a new stake in Schlumberger N.V. during the fourth quarter valued at $205,000. Osborn Williams & Donohoe LLC raised its stake in Schlumberger N.V. by 0.5% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 107,101 shares of the oil and gas company’s stock valued at $8,991,000 after buying an additional 533 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new stake in Schlumberger N.V. during the fourth quarter valued at $220,000. Institutional investors own 79.39% of the company’s stock.

Institutional Ownership by Quarter for Schlumberger N.V. (NYSE:SLB)

Schlumberger N.V. (NYSE SLB) opened at 68.58 on Friday. Schlumberger N.V. has a 1-year low of $67.00 and a 1-year high of $87.84. The firm’s market cap is $95.29 billion. The stock has a 50 day moving average price of $70.54 and a 200-day moving average price of $78.80.

Schlumberger N.V. (NYSE:SLB) last released its earnings results on Friday, April 21st. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.98 billion. Schlumberger N.V. had a negative net margin of 6.77% and a positive return on equity of 3.32%. Schlumberger N.V.’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. Equities research analysts forecast that Schlumberger N.V. will post $1.48 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Thursday, June 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $2.00 annualized dividend and a yield of 2.92%. Schlumberger N.V.’s payout ratio is -144.93%.

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Several equities research analysts have recently weighed in on the company. FBR & Co upped their price objective on Schlumberger N.V. from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $99.00 price objective on shares of Schlumberger N.V. in a research note on Thursday, April 6th. Tudor Pickering assumed coverage on Schlumberger N.V. in a research note on Thursday, March 23rd. They issued a “buy” rating on the stock. Scotiabank reiterated a “buy” rating and issued a $95.00 price objective on shares of Schlumberger N.V. in a research note on Wednesday, March 22nd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $103.00 price objective on shares of Schlumberger N.V. in a research note on Tuesday, March 28th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $92.91.

In related news, Director Tore I. Sandvold sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $69.82, for a total value of $349,100.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $349,100. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter L. S. Currie bought 3,625 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was purchased at an average price of $69.02 per share, for a total transaction of $250,197.50. Following the acquisition, the director now owns 31,550 shares of the company’s stock, valued at $2,177,581. The disclosure for this purchase can be found here. 0.38% of the stock is owned by insiders.

About Schlumberger N.V.

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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