Schlumberger N.V. (NYSE:SLB).
Gateway Investment Advisers LLC says it bought 49,344 shares last quarter increasing its exposure to Schlumberger N.V. by 5.6%. Its investment stood at $61,121,000 a decrease of 11.0% as of the end of the quarter.
Other firms have also shifted positions in (SLB). Kempner Capital Management Inc. grew its stake by buying 23,996 shares an increase of 41.2% from 03/31/2017 to 06/30/2017. Kempner Capital Management Inc. claims 82,199 shares worth $5,412,000. The total value of its holdings increased 19.0%. Pennsylvania Trust Co cut its ownership by shedding 16,470 shares a decrease of 22.3% as of 06/30/2017. Pennsylvania Trust Co currently owns 57,481 shares with a value of $3,785,000. The value of the position overall is down by 34.5%.
As of quarter end Banced Corp had disposed of 210 shares trimming its stake by 5.0%. The value of the investment in SLB decreased from $328,000 to $263,000 a change of $65,000 quarter to quarter.
On July 6, 2017 the stock rating was rated “Outperform” according to a Bernstein report which was a boost from the previous “Market Perform” rating. On June 27 the company was changed to a “Neutral” in a report from Atlantic Equities a cut from the previous “” rating.
On June 27 the company was downgraded from “” to “Neutral” by analysts at Guggenheim. On June 21 the stock rating was downgraded to “Equal-Weight” from “Overweight” by Barclays.
On December 2 analysts at Bernstein initiated coverage on the stock by announcing an initial rating of “Market Perform”. On November 15 the company was set at “Buy” by Jefferies which is up from the previous “Buy” rating.
The company is up by 0.70 percent from yesterday’s close. The company recently announced a dividend payable on Friday July 14th, 2017. The dividend will be $0.500 per share for the quarter which comes to $2.00 on an annualized basis. This dividend amount will represent a yeild of $3.07. The ex-dividend date will be Tuesday the 30th of May 2017.
It is trading at $66.25 a bit lower than the 50 day moving average of $68.98 and which is slightly below the 200 day moving average of $77.62. The 50 day moving average was down $-2.59 or -3.76% and the 200 day average went down by -14.47%.
As of the last earnings report the EPS was $-1.37 and is projected to be $1.45 for the current year with 1,389,476,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.40 and the next full year EPS is projected to be $2.61.