Economy

Traders Sell Shares of Schlumberger NV (SLB) on Strength After Analyst Downgrade

Traders Sell Shares of Schlumberger NV (SLB) on Strength After Analyst Downgrade”

Confluence Investment Management Llc sold 19,181 shares as Schlumberger Ltd. (SLB)'s stock declined 11.04%. BlackRock Institutional Trust Company N.A. now owns 36,026,336 shares of the company's stock worth $2,833,111,000 after buying an additional 118,380 shares during the period.

In other Schlumberger N.V. news, Director Michael E. Marks acquired 8,000 shares of the company's stock in a transaction dated Friday, August 11th. The stock rose 0.37% or $0.39 reaching $106.22 per share.

About 25,242 shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since September 14, 2016 and is downtrending. It has underperformed by 20.00% the S&P500. Out of 4 Wall Street analysts rating Schlumberger, 2 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold".

Ratings analysis reveals 50% of Schlumberger's analysts are positive. BankUnited had 34 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was initiated by Loop Capital with "Buy" on Wednesday, February 15. The rating was initiated by Macquarie Research on Friday, July 24 with "Neutral". It is down 47.27% since September 14, 2016 and is uptrending. The company was downgraded on Monday, April 11 by Credit Suisse. The rating was maintained by Scotia Capital with "Buy" on Thursday, March 23. The firm earned "Neutral" rating on Friday, July 15 by Goldman Sachs. As per Thursday, June 8, the company rating was maintained by Keefe Bruyette & Woods. The stock of BankUnited (NYSE:BKU) has "Hold" rating given on Friday, May 26 by BMO Capital Markets. On Wednesday, September 9 the stock rating was downgraded by Tudor Pickering to "Sell". RBC Capital Markets maintained the shares of SLB in report on Friday, September 1 with "Buy" rating. On average, equities analysts expect that Schlumberger N.V. will post $1.51 earnings per share for the current year. (NYSE:SLB), 26 have Buy rating, 1 Sell and 6 Hold. Therefore 84% are positive. 585 were reported by Camarda Financial Advsr Limited Liability. The rating was downgraded by Sidoti to "Neutral" on Monday, March 21. (NYSE:SLB) on Monday, April 25 with "Overweight" rating. The stock of Schlumberger Limited. On Wednesday, August 30 the stock rating was maintained by Cowen & Co with "Buy". The firm has "Outperform" rating given on Monday, October 19 by Oppenheimer. Sidoti upgraded the shares of ROL in report on Tuesday, January 12 to "Buy" rating. Capital One Natl Association reported 0.06% stake. Standpoint Research upgraded Schlumberger Limited. Morgan Stanley upped their target price on shares of Schlumberger N.V. from $90.00 to $110.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 21st. KLR Group initiated Schlumberger Limited. (NYSE:SLB) to report earnings on October, 20 before the open. SLB's profit will be $581.50 million for 40.03 P/E if the $0.42 EPS becomes a reality. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.05.

Investors sentiment increased to 1.13 in 2016 Q4. Wealth Architects LLC lifted its holdings in Schlumberger N.V.by 0.3% during the 1st quarter.

Schlumberger N.V. had a net margin of 0.62% and a return on equity of 3.80%. (NYSE:SLB). Paragon Capital Mgmt Ltd Llc owns 77,077 shares for 2.15% of their portfolio. Liberty Cap holds 1.07% or 18,826 shares in its portfolio. Also, Director Helge Lund purchased 2,800 shares of Schlumberger N.V. stock in a transaction that occurred on Monday, July 24th. (NYSE:SLB). 5,320 were reported by Union Bankshares. Kanawha Cap Mngmt Limited Liability invested 0.87% in Schlumberger Limited. (NYSE:SLB). Trust Communications Of Virginia Va, Virginia-based fund reported 9,847 shares. Invesco Limited stated it has 0.11% of its portfolio in Schlumberger Limited. (NYSE:SLB). First United National Bank owns 11,960 shares. Vanguard Group Inc. grew its position in Schlumberger N.V.by 2.9% during the 2nd quarter. (NYSE:SLB) or 162,089 shares.

Analysts await Schlumberger Limited. (NYSE:SLB). Amica Pension Fund Board Of Trustees has 0.96% invested in Schlumberger Limited. (NYSE:SLB). 5,336 were reported by Birinyi Associates Inc. Syntal Capital Partners LLC lifted its holdings in Schlumberger N.V.by 0.5% during the 1st quarter. (NYSE:SLB) for 95,462 shares. Livingston Gru Asset Management (Operating As Southport Capital Management) stated it has 3,702 shares or 0.19% of all its holdings. Sherwin Williams Co (NYSE:SHW) was reduced too.

Since May 30, 2017, it had 1 buying transaction, and 2 selling transactions for $2.87 million activity. Dodge & Cox now owns 48,271,463 shares of the oil and gas company's stock worth $3,178,193,000 after acquiring an additional 5,494,165 shares during the last quarter. Barclays PLC lowered shares of Schlumberger N.V. from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $98.00 to $73.00 in a research report on Wednesday, June 21st. Haverford Tru invested in 1.61% or 790,391 shares. Its up 0.10, from 0.82 in 2016Q3. Hartline Invest Corporation reported 5,842 shares or 0.17% of all its holdings. 6 funds opened positions while 6 raised stakes. State Street Corp grew its position in Schlumberger N.V.by 1.1% during the 1st quarter. Guggenheim Ltd Liability Company reported 62,740 shares. Tributary Capital Mgmt Limited Liability Corp holds 10,000 shares or 0.04% of its portfolio. 268,454 are owned by Inverness Counsel Ltd Com Ny. The stock was acquired at an average price of $66.78 per share, for a total transaction of $186,984.00. The New York-based Epoch Investment Incorporated has invested 0.23% in BankUnited (NYSE:BKU). Hedge funds and other institutional investors own 78.99% of the company's stock. Pecaut And invested in 30,189 shares or 3.03% of the stock. Parallax Volatility Advisers Limited Partnership reported 549 shares. Hsbc Plc accumulated 1.32 million shares. Stockholders of record on Wednesday, February 15th will be given a dividend of $0.50 per share.



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