Schlumberger Limited. Announces Quarterly Dividend of $0.50 (SLB)

Marco Green
January 19, 2018

The company has market cap of $1.16 billion. First National Trust Co. now owns 71,600 shares of the oil and gas company's stock valued at $4,995,000 after purchasing an additional 1,762 shares in the last quarter. Zevin Asset Management Llc who had been investing in Costco Whsl Corp New for a number of months, seems to be bullish on the $84.24 billion market cap company.

The stock decreased 1.48% or $0.55 during the last trading session, reaching $36.6. The target implies a 91.18% spike from where the shares are now trading. MarineMax, Inc. (NYSE:HZO) has risen 12.03% since January 19, 2017 and is uptrending. It has outperformed by 8.44% the S&P500.

Great Lakes Advisors Llc decreased its stake in Schlumberger Ltd (SLB) by 3.55% based on its latest 2017Q3 regulatory filing with the SEC. Vantage Investment Advisors Llc sold 56,321 shares as the company's stock declined 11.04% while stock markets rallied. The stock kicked off the session at $76.57 and later approached $76.37 with a change of -1.09%.

Halliburton Company (NYSE:HAL) ended its day at 52.36 with the rising stream of -0.93% and its total traded volume was 8.35 million shares less than the average volume.

Schlumberger (NYSE:SLB) has been assigned a $81.00 price objective by equities research analysts at Morgan Stanley in a report released on Thursday. It has underperformed by 20.00% the S&P500. (NYSE:DAL). Next Grp holds 0.16% or 10,439 shares. Therefore 71% are positive. Mondelez International Inc had 54 analyst reports since July 31, 2015 according to SRatingsIntel. The stock has "Equal-Weight" rating by Barclays Capital on Friday, September 23. Over the last five days, shares have managed 1.02% gains and now is up 12.44% since hitting its 200-day moving average of $66.2. The rating was maintained by Nomura with "Buy" on Tuesday, August 16. The firm earned "Buy" rating on Monday, October 5 by Citigroup. The stock now has a consensus rating of "Buy" and a consensus target price of $79.56. 2,224 are owned by Ci Investments. Its up 0.11, from 0.95 in 2017Q2. It improved, as 18 investors sold HZO shares while 32 reduced holdings. 92 funds opened positions while 271 raised stakes. Analysts were looking for $1.46 per share and $30.38 billion. Cornerstone Capital holds 2.5% or 204,963 shares. Capital Advsrs Ltd Llc accumulated 3,766 shares or 0.05% of the stock. Following the completion of the transaction, the director now owns 1,500 shares in the company, valued at approximately $93,945. Acg Wealth has 20,139 shares. Commercial Bank Of Montreal Can accumulated 8.23 million shares. Dnb Asset Mngmt As reported 280,820 shares.

They expect $0.44 EPS, up 38.64% or $0.17 from last year's $0.27 per share. Hbk Invs LP has 277,800 shares. 3,180 were reported by L And S. First Eagle Invest Management Ltd Com owns 800 shares. Moreover, Sumitomo Mitsui Trust Holding has 0.01% invested in Plains All American Pipeline, L.P. (NYSE:PAA). Loews holds 0% of its portfolio in Morgan Stanley (NYSE:MS) for 6,395 shares.

Since August 1, 2017, it had 0 buys, and 15 selling transactions for $16.19 million activity. About 13.95 million shares traded or 78.22% up from the average. (NASDAQ:ROCK) for 24,080 shares. The firm has a market capitalization of $105,790.00, a price-to-earnings ratio of 195.82, a price-to-earnings-growth ratio of 5.91 and a beta of 1.01.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. The Country Trust Bank holds 396,341 shares with $27.65 million value, up from 351,872 last quarter. The Michigan-based Plante Moran Financial Lc has invested 0.02% in Schlumberger Limited (NYSE:SLB). Hedeker Wealth has invested 1.28% in Schlumberger Limited (NYSE:SLB). Rockland Tru holds 1.99% or 191,033 shares in its portfolio. 73,533 are held by Howard Cap Mngmt. Mcrae Mgmt stated it has 0.17% of its portfolio in Schlumberger Limited (NYSE:SLB). (NYSE:HZO). Deutsche National Bank & Trust Ag holds 24,415 shares. Tiaa Cref Ltd invested in 0.05% or 3.74 million shares. Pension Serv holds 1.11M shares. Baldwin Brothers Incorporated Ma accumulated 4,823 shares. Alliancebernstein LP has invested 0.27% in Schlumberger Limited (NYSE:SLB).

Schlumberger has a dividend payout ratio of 137.0% indicating that the company can not now cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Wall Street is only getting more bullish on the stock, with 26 of analysts who cover SLB having a buy-equivalent rating. Therefore 77% are positive. Gibraltar Industries had 10 analyst reports since September 5, 2015 according to SRatingsIntel. Kornitzer Cap Management Ks has invested 0.6% in Schlumberger Limited (NYSE:SLB). The stock of Schlumberger Limited (NYSE:SLB) has "Hold" rating given on Thursday, April 28 by Societe Generale. The Company's Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. Cowen set a $85.00 price target on shares of Schlumberger and gave the stock a "buy" rating in a report on Thursday, January 11th. Loop Capital lowered their target price on shares of Schlumberger from $80.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, October 26th. The company was upgraded on Tuesday, July 19 by Societe Generale. SANDVOLD TORE I also sold $219,205 worth of Schlumberger Limited (NYSE:SLB) shares.

Other reports by Click Lancashire

Discuss This Article