Schlumberger NV (SLB) Shares Bought by Evercore Wealth Management LLC
Evercore Wealth Management LLC boosted its position in Schlumberger NV (NYSE:SLB) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 477,149 shares of the company’s stock after buying an additional 16,224 shares during the period. Schlumberger NV comprises approximately 1.7% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Evercore Wealth Management LLC’s holdings in Schlumberger NV were worth $37,734,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in shares of Schlumberger NV by 29.0% in the second quarter. Macquarie Group Ltd. now owns 195,676 shares of the company’s stock valued at $15,474,000 after buying an additional 43,943 shares during the last quarter. Carnick & Kubik Group LLC bought a new stake in shares of Schlumberger NV during the second quarter valued at $203,000. Williams Jones & Associates LLC boosted its stake in shares of Schlumberger NV by 290.6% in the second quarter. Williams Jones & Associates LLC now owns 283,530 shares of the company’s stock valued at $22,422,000 after buying an additional 210,944 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Schlumberger NV during the second quarter valued at $4,437,000. Finally, Kentucky Retirement Systems bought a new stake in shares of Schlumberger NV during the second quarter valued at $9,344,000. Institutional investors own 78.33% of the company’s stock.
Schlumberger NV (NYSE:SLB) opened at 78.66 on Friday. The stock’s market capitalization is $109.44 billion. The firm has a 50-day moving average of $79.64 and a 200-day moving average of $78.71. Schlumberger NV has a 1-year low of $59.60 and a 1-year high of $84.30.
Schlumberger NV (NYSE:SLB) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Schlumberger NV had a negative net margin of 8.78% and a positive return on equity of 5.06%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s revenue was down 17.2% compared to the same quarter last year. Equities research analysts anticipate that Schlumberger NV will post $1.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. Schlumberger NV’s dividend payout ratio (DPR) is -108.70%.
A number of research firms have recently commented on SLB. Citigroup Inc. cut their target price on Schlumberger NV from $92.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Vetr reissued a “buy” rating on shares of Schlumberger NV in a research note on Tuesday, August 2nd. Jefferies Group set a $88.00 price objective on Schlumberger NV and gave the stock a “hold” rating in a research note on Friday, July 22nd. Howard Weil increased their price objective on Schlumberger NV from $80.00 to $90.00 and gave the stock a “sector outperform” rating in a research note on Monday, July 25th. Finally, Zacks Investment Research cut Schlumberger NV from a “hold” rating to a “sell” rating in a research note on Tuesday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $91.01.
In other news, Director Tore I. Sandvold sold 2,500 shares of the business’s stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $78.09, for a total transaction of $195,225.00. Following the transaction, the director now directly owns 17,750 shares in the company, valued at $1,386,097.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Simon Ayat sold 50,000 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $83.68, for a total transaction of $4,184,000.00. Following the transaction, the chief financial officer now owns 153,335 shares in the company, valued at $12,831,072.80. The disclosure for this sale can be found here. Insiders own 0.36% of the company’s stock.
Schlumberger NV Company Profile
Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.
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