Schlumberger N.V. (SLB) Shares Bought by Knowledge Leaders Capital LLC
Knowledge Leaders Capital LLC boosted its stake in shares of Schlumberger N.V. (NYSE:SLB) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,775 shares of the oil and gas company’s stock after purchasing an additional 787 shares during the period. Schlumberger N.V. comprises approximately 3.4% of Knowledge Leaders Capital LLC’s holdings, making the stock its 14th largest position. Knowledge Leaders Capital LLC’s holdings in Schlumberger N.V. were worth $5,384,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC grew its position in Schlumberger N.V. by 29.8% in the first quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after acquiring an additional 307 shares in the last quarter. MCF Advisors LLC grew its position in Schlumberger N.V. by 130.3% in the first quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after acquiring an additional 915 shares in the last quarter. Proficio Capital Partners LLC grew its position in Schlumberger N.V. by 18.0% in the first quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 310 shares in the last quarter. Independence Advisors LLC bought a new stake in Schlumberger N.V. in the second quarter worth approximately $288,000. Finally, Point View Wealth Management Inc. grew its position in Schlumberger N.V. by 6.6% in the first quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after acquiring an additional 160 shares in the last quarter. 79.13% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 target price on shares of Schlumberger N.V. in a research report on Friday, September 29th. BidaskClub raised shares of Schlumberger N.V. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. boosted their target price on shares of Schlumberger N.V. from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. Cowen and Company set a $80.00 target price on shares of Schlumberger N.V. and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Royal Bank Of Canada set a $86.00 price objective on shares of Schlumberger N.V. and gave the stock a “buy” rating in a report on Saturday, October 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $80.08.
Shares of Schlumberger N.V. (SLB) opened at $63.58 on Monday. 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. The firm has a market cap of $88,074.96, a PE ratio of 49.29, a PEG ratio of 1.94 and a beta of 1.02.
Schlumberger N.V. (NYSE:SLB) last posted its earnings results on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. Schlumberger N.V. had a net margin of 1.86% and a return on equity of 4.42%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same quarter in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. research analysts expect that Schlumberger N.V. will post 1.47 earnings per share for the current year.
In other Schlumberger N.V. news, Director Tore I. Sandvold sold 3,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total transaction of $219,205.00. Following the sale, the director now owns 1,500 shares of the company’s stock, valued at approximately $93,945. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael E. Marks acquired 8,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is owned by corporate insiders.
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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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