Schlumberger N.V. (SLB) Stake Increased by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC lifted its position in shares of Schlumberger N.V. (NYSE:SLB) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,221 shares of the oil and gas company’s stock after acquiring an additional 583 shares during the period. Schlumberger makes up about 1.5% of Exencial Wealth Advisors LLC’s portfolio, making the stock its 18th largest holding. Exencial Wealth Advisors LLC’s holdings in Schlumberger were worth $3,767,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Comprehensive Portfolio Management LLC acquired a new position in Schlumberger in the 2nd quarter valued at approximately $885,000. Bank of Montreal Can increased its position in Schlumberger by 41.6% in the 2nd quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock valued at $105,414,000 after acquiring an additional 470,615 shares during the period. Denver Investment Advisors LLC increased its position in shares of Schlumberger by 5.8% during the second quarter. Denver Investment Advisors LLC now owns 160,191 shares of the oil and gas company’s stock worth $10,547,000 after buying an additional 8,817 shares during the period. SOL Capital Management CO increased its position in shares of Schlumberger by 8.3% during the second quarter. SOL Capital Management CO now owns 5,226 shares of the oil and gas company’s stock worth $344,000 after buying an additional 400 shares during the period. Finally, Cambiar Investors LLC increased its position in shares of Schlumberger by 53.8% during the second quarter. Cambiar Investors LLC now owns 4,934,780 shares of the oil and gas company’s stock worth $324,906,000 after buying an additional 1,726,174 shares during the period. 79.03% of the stock is owned by institutional investors.

Schlumberger N.V. (NYSE:SLB) traded down $0.21 during trading on Monday, hitting $61.93. 2,967,400 shares of the company’s stock were exchanged, compared to its average volume of 7,028,900. Schlumberger N.V. has a 12-month low of $61.02 and a 12-month high of $87.84. The company has a market capitalization of $85,789.27, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. 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 (NYSE:SLB) last released its quarterly earnings data on Friday, October 20th. The oil and gas company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. Schlumberger had a net margin of 1.86% and a return on equity of 4.42%. The firm had revenue of $7.91 billion for the quarter, compared to analyst estimates of $7.91 billion. During the same period last year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. sell-side analysts forecast that Schlumberger N.V. will post 1.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Tuesday, December 5th. Schlumberger’s dividend payout ratio (DPR) is 512.83%.

In other Schlumberger news, Director Tore I. Sandvold sold 3,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $62.63, for a total value of $219,205.00. Following the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $93,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Schlumberger from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 2nd. Argus assumed coverage on shares of Schlumberger in a research report on Monday, August 21st. They set a “buy” rating for the company. Barclays PLC set a $70.00 price objective on shares of Schlumberger and gave the stock a “hold” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Schlumberger in a research report on Tuesday, October 31st. Finally, Citigroup Inc. increased their price objective on shares of Schlumberger from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.31.

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About Schlumberger

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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Institutional Ownership by Quarter for Schlumberger (NYSE:SLB)

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