Schlumberger N.V. (NYSE:SLB).
Gateway Investment Advisers LLC reports that it raised its stake in Schlumberger N.V. shares by 5.6% in the last quarter. Its investment was worth $61,121,000 a decrease of $7,527,000 as of the end of the quarter.
Other firms have also shifted positions in (SLB). Kempner Capital Management Inc. added to its ownership by buying 23,996 shares an increase of 41.2%. Kempner Capital Management Inc. claims 82,199 shares with a value of $5,412,000. The total value of its holdings increased 19.0%. As of the end of the quarter Pennsylvania Trust Co had sold 16,470 shares trimming its position 22.3%. The value of the investment in SLB decreased from $5,776,000 to $3,785,000 decreasing 34.5% for the reporting period.
Banced Corp cut its position by shedding 210 shares a decrease of 5.0% from 03/31/2017 to 06/30/2017. Banced Corp owns 3,988 shares valued at $263,000. The value of the position overall is down by 19.8%.
On July 6 the stock rating was upgraded to “Outperform” from “Market Perform” by Bernstein. On June 27 the company was downgraded from “” to “Neutral” by analysts at Atlantic Equities.
On June 27, 2017 the stock rating was rated “Neutral” in a report from Guggenheim which was a cut from the previous “” rating. On June 21 the company was downgraded to “Equal-Weight” from “Overweight” in a report issued by Barclays.
Equity analyst Bernstein starting coverage on SLB giving it an initial rating of “Market Perform”. On November 15 the company was changed to a “Buy” according to a Jefferies report up from the previous “Buy” rating.
The company is now up from yesterday’s close of $65.79. Additionally the company recently declared a dividend to be paid on Friday the 14th of July 2017. The dividend will be $0.500 per share for the quarter which is $2.00 annualized. The dividend yield will be $3.07. The ex-dividend date has been established as Tuesday the 30th of May 2017.
Company chares are trading at $66.25 which is a tad under the 50 day moving average which is $68.98 and just a bit lower than the 200 day moving average of $77.62. The 50 day moving average was down $-2.59 or -3.76% whereas the 200 day moving average was down $-11.23 or -14.47%.
As of the last earnings report the EPS was $-1.37 and is estimated to be $1.45 for the current year with 1,389,476,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.40 and the next full year EPS is projected to be $2.61.