Schlumberger N.V. (NYSE:SLB).
Raymond James & Associates says it bought 56,705 shares during the last quarter increasing its exposure to Schlumberger N.V. by 5.4%. Its position stood at $76,671,000 an increase of 11.7% according to the filing.
Raymond James & Associates isn’t the only one who has changed their investment in SLB. Baird Financial Group, Inc. expanded its investment by buying 69,022 shares an increase of 9.2% in the quarter. Baird Financial Group, Inc. now holds 817,079 shares with a value of $57,000,000. The value of the position overall is up by 15.7%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS cut its holdings by shedding 2,981 shares a decrease of 1.9%. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS currently owns 150,877 shares valued at $10,525,000. The total value of its holdings increased 3.9%.
As of the end of the quarter Beacon Investment Advisory Services, Inc. had acquired a total of 120,774 shares growing its stake by 2,768.1%. The value of the investment in Schlumberger N.V. increased from $287,000 to $8,730,000 increasing 2,941.8% since the last quarter.
October 31 investment analysts at SunTrust Banks reiterated a “Hold” rating on the stock. Equity analyst Loop Capital lowered the price target on October 26 changing the price objective from $80.00 to $75.00 and issued a “Buy” rating.
On October 25, 2017 Barclays PLC issued a report on SLB with a rating of “Hold” and a price target of $70.00. Citigroup lowered the price target on October 25 cutting the projection from $80.00 to $76.00 with a “Buy” recommendation.
Morgan Stanley lowered the price target of the stock on October 23 changing the forecast from $90.00 to $81.00 and issued a “Overweight” recommendation. Credit Suisse Group released research on SLB stating a rating of “Buy” and establishing a price target of $71.00.
The company is now down by 1.86% percent from yesterday’s close. The most current P/E ratio is 157.97 and market capitalization is 85.35B. As of the latest earnings report the EPS was $0.39 with 1.39B shares now outstanding.
Traders are a little more bullish on Schlumberger N.V. recently if you consider the decrease in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -5.28%. Short interest decreased from 21,079,012 to 19,965,553 over that period. Days to cover increased 1.0 to 4.0 and the percentage of shorted shares is 0.01% as of October 13.