Pictet & Cie Europe SA Acquires 6,183 Shares of Schlumberger N.V. (SLB)

Pictet & Cie Europe SA grew its holdings in Schlumberger N.V. (NYSE:SLB) by 23.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,970 shares of the oil and gas company’s stock after acquiring an additional 6,183 shares during the period. Pictet & Cie Europe SA’s holdings in Schlumberger N.V. were worth $2,171,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its holdings in shares of Schlumberger N.V. by 29.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 1,338 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 307 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of Schlumberger N.V. by 130.3% in the 1st quarter. MCF Advisors LLC now owns 1,617 shares of the oil and gas company’s stock valued at $126,000 after acquiring an additional 915 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Schlumberger N.V. by 18.0% in the 1st quarter. Proficio Capital Partners LLC now owns 2,035 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 310 shares during the last quarter. Independence Advisors LLC purchased a new stake in shares of Schlumberger N.V. in the 2nd quarter valued at $288,000. Finally, Point View Wealth Management Inc. boosted its holdings in shares of Schlumberger N.V. by 6.6% in the 1st quarter. Point View Wealth Management Inc. now owns 2,574 shares of the oil and gas company’s stock valued at $201,000 after acquiring an additional 160 shares during the last quarter. 79.03% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Tore I. Sandvold sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were 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 of the company’s stock, valued at $93,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.38% of the company’s stock.

Several research firms have recently commented on SLB. Goldman Sachs Group, Inc. (The) downgraded shares of Schlumberger N.V. from a “conviction-buy” rating to a “buy” rating and set a $75.00 price objective on the stock. in a report on Monday, November 13th. Zacks Investment Research raised shares of Schlumberger N.V. from a “sell” rating to a “hold” rating in a report on Friday, November 10th. B. Riley reaffirmed a “buy” rating on shares of Schlumberger N.V. in a report on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of Schlumberger N.V. in a report on Tuesday, October 31st. Finally, Loop Capital dropped their price objective on shares of Schlumberger N.V. from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. One 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 company. The stock has an average rating of “Buy” and a consensus price target of $79.31.

Shares of Schlumberger N.V. (NYSE:SLB) opened at $61.72 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. Schlumberger N.V. has a 1-year low of $61.02 and a 1-year high of $87.84. The stock 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.

Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ 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 analyst estimates of $7.91 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. Schlumberger N.V.’s quarterly revenue was up 12.6% on a year-over-year basis. research analysts expect that Schlumberger N.V. will post 1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 5th. Schlumberger N.V.’s dividend payout ratio is currently 512.82%.

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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.

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

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