Pictet North America Advisors SA Has $2 Million Position in Schlumberger N.V. (SLB)
Pictet North America Advisors SA lowered its position in Schlumberger N.V. (NYSE:SLB) by 24.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,317 shares of the oil and gas company’s stock after selling 9,684 shares during the quarter. Pictet North America Advisors SA’s holdings in Schlumberger N.V. were worth $1,996,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pictet & Cie Europe SA boosted its stake in Schlumberger N.V. by 23.1% during the second quarter. Pictet & Cie Europe SA now owns 32,970 shares of the oil and gas company’s stock worth $2,171,000 after buying an additional 6,183 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in Schlumberger N.V. by 10.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 242,949 shares of the oil and gas company’s stock worth $15,996,000 after buying an additional 22,704 shares during the period. Alerus Financial NA boosted its stake in Schlumberger N.V. by 3.6% during the second quarter. Alerus Financial NA now owns 22,883 shares of the oil and gas company’s stock worth $1,506,000 after buying an additional 785 shares during the period. Sawtooth Solutions LLC boosted its stake in Schlumberger N.V. by 16.0% during the second quarter. Sawtooth Solutions LLC now owns 13,623 shares of the oil and gas company’s stock worth $897,000 after buying an additional 1,884 shares during the period. Finally, Sustainable Growth Advisers LP boosted its stake in Schlumberger N.V. by 88.7% during the second quarter. Sustainable Growth Advisers LP now owns 3,110,888 shares of the oil and gas company’s stock worth $204,821,000 after buying an additional 1,462,060 shares during the period. 79.03% of the stock is owned by hedge funds and other institutional investors.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of Schlumberger N.V. stock in a transaction dated 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 owns 1,500 shares in the company, valued at approximately $93,945. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.38% of the company’s stock.
SLB has been the subject of several research analyst reports. Credit Suisse Group set a $78.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price (down previously from $92.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Instinet reaffirmed a “buy” rating and set a $78.00 target price (down previously from $85.00) on shares of Schlumberger N.V. in a research note on Monday, July 24th. Loop Capital lowered their target price on shares of Schlumberger N.V. from $93.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Schlumberger N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $79.31.
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Schlumberger N.V. (NYSE SLB) opened at $61.72 on Tuesday. Schlumberger N.V. has a one year low of $61.02 and a one year high of $87.84. The firm has a market cap of $85,830.00, a PE ratio of 48.03, a P/E/G ratio of 1.89 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. (NYSE:SLB) last announced its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts expect that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.24%. The ex-dividend date is Tuesday, December 5th. Schlumberger N.V.’s payout ratio is 512.82%.
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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