WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST Has $164.60 Million Stake in Schlumberger N.V. (SLB)
WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST increased its stake in shares of Schlumberger N.V. (NYSE:SLB) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,500,000 shares of the oil and gas company’s stock after purchasing an additional 400,000 shares during the quarter. Schlumberger N.V. accounts for 2.8% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s holdings, making the stock its 17th biggest holding. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned approximately 0.18% of Schlumberger N.V. worth $164,600,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in SLB. Bank of Montreal Can lifted its stake in Schlumberger N.V. by 41.6% in the second quarter. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company’s stock worth $105,414,000 after purchasing an additional 470,615 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Schlumberger N.V. by 4.2% during the first quarter. Legal & General Group Plc now owns 6,715,534 shares of the oil and gas company’s stock valued at $524,469,000 after buying an additional 273,522 shares during the period. Lyell Wealth Management LP boosted its position in shares of Schlumberger N.V. by 8.8% during the first quarter. Lyell Wealth Management LP now owns 33,361 shares of the oil and gas company’s stock valued at $2,622,000 after buying an additional 2,685 shares during the period. Stevens Capital Management LP boosted its position in shares of Schlumberger N.V. by 89.6% during the first quarter. Stevens Capital Management LP now owns 130,516 shares of the oil and gas company’s stock valued at $10,193,000 after buying an additional 61,666 shares during the period. Finally, Teza Capital Management LLC purchased a new position in shares of Schlumberger N.V. during the first quarter valued at approximately $561,000. Institutional investors own 78.91% of the company’s stock.
Shares of Schlumberger N.V. (NYSE:SLB) traded down 0.29% during trading on Wednesday, hitting $68.86. 3,729,461 shares of the company traded hands. The stock has a market capitalization of $95.34 billion, a PE ratio of 542.20 and a beta of 1.05. The company has a 50-day moving average of $65.94 and a 200-day moving average of $69.56. Schlumberger N.V. has a 52-week low of $62.56 and a 52-week high of $87.84.
Schlumberger N.V. (NYSE:SLB) last announced its quarterly earnings results on Friday, July 21st. The oil and gas company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. The company had revenue of $7.46 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Schlumberger N.V. will post $1.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.90%. Schlumberger N.V.’s dividend payout ratio is presently 1,538.58%.
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In other news, Director Helge Lund bought 2,800 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average price of $66.78 per share, for a total transaction of $186,984.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael E. Marks bought 8,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $64.20 per share, for a total transaction of $513,600.00. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by insiders.
A number of research firms have recently commented on SLB. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Schlumberger N.V. in a research note on Friday, September 29th. J P Morgan Chase & Co decreased their price target on Schlumberger N.V. from $79.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, September 12th. BMO Capital Markets restated a “buy” rating and set a $74.00 price objective on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Sanford C. Bernstein restated an “outperform” rating and set a $80.00 price objective on shares of Schlumberger N.V. in a report on Wednesday, September 6th. Finally, Argus began coverage on Schlumberger N.V. in a research report on Monday, August 21st. They issued a “buy” rating on the stock. 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. The stock currently has an average rating of “Buy” and an average price target of $85.80.
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.
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