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Chevy Chase Trust Holdings Inc. Purchases 45940 Shares of Schlumberger Limited. (SLB)


For Cabot Oil & Gas Corp.in the Marcellus Shale, Schlumberger's bits and drilling tools arm used AxeBlade, a ridged diamond element bit technology, to improve the drilling rate of penetration in the tophole sands before reaching the Marcellus Shale formation.

Shares of Schlumberger Limited (NYSE:SLB) dropped -1.86% to $76.48.

Shares of Schlumberger Limited.

Macguire Cheswick & Tuttle Investment Counsel Llc increased Schlumberger Ltd (SLB) stake by 2.86% reported in 2016Q4 SEC filing. State Street Corp now owns 71,630,356 shares of the oil and gas company's stock worth $6,015,125,000 after buying an additional 2,755,140 shares during the last quarter. The company had a trading volume of 8,053,851 shares.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Among 30 analysts covering Schlumberger Limited. (NYSE:SLB) opened at 74.84 on Friday.

The stock's price switched up -4.11% 20-Days Simple Moving Average, dropped -5.66% from 50-Days Simple Moving Average and fell -6.60% from 200 Days Simple Moving Average. Schlumberger Limited. has a 52-week low of $72.00 and a 52-week high of $87.84.


Investors and Traders continue to monitor technical levels of shares of Schlumberger Limited (SLB). As a result, the stock is trading up 1.71 percent in pre-market. This is an increase of approximately 398% compared to the typical daily volume of 411 call options. Mcdaniel Terry has invested 3.32% in Schlumberger Limited. (NYSE:SLB) last posted its earnings results on Friday, April 21st. The oil field services firm reported adjusted diluted earnings per share (EPS) of $0.25 on revenues of $6.89 billion. First quarter revenue of $6.9 billion was down 3 percent compared to the previous term, but up 6 percent from first quarter 2016. During the same quarter a year ago, the company posted $0.40 earnings per share. Revenue growth rate was recorded at -5.3% and net income per share was seen moving at a -18.9% rate in the past five years.

Even though the offshore business is underperforming, Schlumberger also paid $221 million during the quarter to take a minority interest in Borr Drilling, a Norwegian rig contractor, to expand its business in the offshore jack-up market. This represents a $2.00 dividend on an annualized basis and a yield of 2.67%. Schlumberger Limited.'s dividend payout ratio is now -169.49%.

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A number of equities research analysts have issued reports on the company.

In addition to HSBC Holdings plc reporting its target price, a total of 34 firms have reported on the stock.

Currently, Schlumberger has a Zacks Rank #3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. Stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 3 analysts given HOLD rating to the stock and 1 given UNDERPERFORM rating. Finally, Jefferies Group LLC restated an "equal weight" rating on shares of Schlumberger Limited.in a research report on Friday, April 14th.

04/21/2017 - Schlumberger N.V. had its "conviction buy" rating reiterated by analysts at Goldman Sachs. Another trade for 5,000 shares valued at $405,000 was made by SANDVOLD TORE I on Tuesday, November 15.

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