Schlumberger N.V. (SLB) Position Increased by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC increased its position in shares of Schlumberger N.V. (NYSE:SLB) by 6,557.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 795,216 shares of the oil and gas company’s stock after buying an additional 783,271 shares during the period. Harbour Capital Advisors LLC owned 0.06% of Schlumberger N.V. worth $12,078,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Tradewinds Capital Management LLC boosted its holdings in shares of Schlumberger N.V. by 29.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock worth $104,000 after buying an additional 307 shares during the period. MCF Advisors LLC boosted its holdings in shares of Schlumberger N.V. by 130.3% during the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock worth $126,000 after buying an additional 915 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Schlumberger N.V. by 18.0% during the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock worth $145,000 after buying an additional 310 shares during the period. Baystate Wealth Management LLC boosted its holdings in shares of Schlumberger N.V. by 12.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 2,707 shares of the oil and gas company’s stock worth $181,000 after buying an additional 305 shares during the period. Finally, Point View Wealth Management Inc. boosted its holdings in shares of Schlumberger N.V. by 6.6% during the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock worth $201,000 after buying an additional 160 shares during the period. 78.90% of the stock is owned by institutional investors and hedge funds.
In other Schlumberger N.V. news, Director Michael E. Marks bought 8,000 shares of the stock in a transaction on Friday, August 11th. The stock was purchased at an average price of $64.20 per share, with a total value of $513,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Helge Lund bought 2,800 shares of the stock in a transaction on Monday, July 24th. The shares were acquired at an average cost of $66.78 per share, with a total value of $186,984.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.
WARNING: This report was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/10/01/schlumberger-n-v-slb-position-increased-by-harbour-capital-advisors-llc.html.
Several research firms recently issued reports on SLB. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Scotiabank set a $90.00 target price on shares of Schlumberger N.V. and gave the company a “buy” rating in a research note on Friday, July 7th. Iberia Capital cut shares of Schlumberger N.V. from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $100.00 to $77.00 in a research note on Thursday, June 29th. Sanford C. Bernstein reiterated an “outperform” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Wednesday, September 6th. Finally, Morgan Stanley upped their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. Schlumberger N.V. presently has an average rating of “Buy” and an average price target of $85.80.
Shares of Schlumberger N.V. (NYSE SLB) opened at 69.76 on Friday. Schlumberger N.V. has a one year low of $62.56 and a one year high of $87.84. The company has a market cap of $96.58 billion, a price-to-earnings ratio of 549.29 and a beta of 1.03. The firm’s 50-day moving average is $65.20 and its 200-day moving average is $70.30.
Schlumberger N.V. (NYSE:SLB) last issued its earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The firm had revenue of $7.46 billion during the quarter, compared to the consensus estimate of $7.25 billion. Schlumberger N.V. had a return on equity of 3.80% and a net margin of 0.62%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Analysts expect that Schlumberger N.V. will post $1.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.87%. The ex-dividend date is Friday, September 1st. Schlumberger N.V.’s payout ratio is 1,538.58%.
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.
Receive News & Stock Ratings for Schlumberger N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schlumberger N.V. and related stocks with our FREE daily email newsletter.