Trade Report: The Signature Estate & Investment Advisors LLC Acquires 3,509 Shares of Schlumberger NV (SLB)

The Signature Estate & Investment Advisors LLC Acquires 3,509 Shares of Schlumberger NV (SLB)

Signature Estate & Investment Advisors LLC boosted its position in shares of Schlumberger NV (NYSE:SLB) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,646 shares of the company’s stock after buying an additional 3,509 shares during the period. Schlumberger NV makes up approximately 2.1% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 14th largest position. Signature Estate & Investment Advisors LLC’s holdings in Schlumberger NV were worth $13,416,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SLB. Emerald Acquisition Ltd. acquired a new position in shares of Schlumberger NV during the second quarter worth about $262,975,000. Bank of Montreal Can acquired a new position in shares of Schlumberger NV during the second quarter worth about $182,448,000. Cambiar Investors LLC acquired a new position in shares of Schlumberger NV during the second quarter worth about $171,211,000. State Street Corp raised its position in shares of Schlumberger NV by 2.6% in the first quarter. State Street Corp now owns 57,778,375 shares of the company’s stock worth $4,261,159,000 after buying an additional 1,485,126 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Schlumberger NV by 10.1% in the second quarter. Ameriprise Financial Inc. now owns 8,539,378 shares of the company’s stock worth $675,396,000 after buying an additional 780,589 shares during the period. Hedge funds and other institutional investors own 78.39% of the company’s stock.

Schlumberger NV (NYSE:SLB) traded down 0.14% on Friday, reaching $81.31. The company’s stock had a trading volume of 5,305,592 shares. The firm’s 50 day moving average price is $78.71 and its 200-day moving average price is $77.85. The company’s market capitalization is $113.08 billion. Schlumberger NV has a 52 week low of $59.60 and a 52 week high of $83.97.

Schlumberger NV (NYSE:SLB) last issued its earnings results on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.02. Schlumberger NV had a positive return on equity of 6.88% and a negative net margin of 5.64%. The company earned $7.16 billion during the quarter, compared to the consensus estimate of $7.09 billion. On average, equities analysts predict that Schlumberger NV will post $1.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 7th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, September 2nd. Schlumberger NV’s dividend payout ratio is currently -168.07%.

A number of research analysts have recently issued reports on SLB shares. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $94.00 target price on shares of Schlumberger NV in a research report on Wednesday, June 15th. Vetr upgraded Schlumberger NV from a “buy” rating to a “strong-buy” rating and set a $86.33 target price on the stock in a research report on Wednesday, June 15th. Simmons reiterated an “outperform” rating and set a $84.00 target price (down previously from $86.00) on shares of Schlumberger NV in a research report on Monday, June 20th. Citigroup Inc. reissued a “buy” rating and issued a $89.00 price objective (down from $90.00) on shares of Schlumberger NV in a research note on Thursday, June 23rd. Finally, Zacks Investment Research raised Schlumberger NV from a “strong sell” rating to a “hold” rating in a research note on Monday, June 27th. Four analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Schlumberger NV presently has a consensus rating of “Buy” and a consensus price target of $90.59.

In related news, CFO Simon Ayat sold 50,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $83.68, for a total value of $4,184,000.00. Following the completion of the transaction, the chief financial officer now owns 153,335 shares of the company’s stock, valued at $12,831,072.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Howard Guild sold 11,900 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $81.32, for a total value of $967,708.00. Following the completion of the transaction, the insider now directly owns 19,781 shares of the company’s stock, valued at approximately $1,608,590.92. The disclosure for this sale can be found here. 0.36% of the stock is owned by corporate insiders.

Schlumberger NV Company Profile

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