As Schlumberger LTD (SLB) Share Value Rose, Front Barnett Associates LLC Has Increased Holding

July 12, 2018 - By James Guidry

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Grand Jean Cap Mngmt reported 0.12% of its portfolio in Schlumberger Limited (NYSE:SLB). Gamco Et Al reported 36,049 shares or 0.02% of all its holdings. Atria Invs Limited Liability Company reported 20,988 shares. Whittier Tru invested in 0.35% or 161,025 shares. Highstreet Asset Mngmt has invested 0.1% of its portfolio in Schlumberger Limited (NYSE:SLB). Mairs And Power has invested 1.76% in Schlumberger Limited (NYSE:SLB). California Public Employees Retirement Systems stated it has 0.31% in Schlumberger Limited (NYSE:SLB). State Of New Jersey Common Pension Fund D has invested 0.11% of its portfolio in Schlumberger Limited (NYSE:SLB). Liberty Mutual Asset Mngmt accumulated 55,379 shares. Walleye Trading Lc reported 0.05% stake. 304,145 were reported by Dupont Capital Mgmt. Macguire Cheswick And Tuttle Counsel Ltd Liability Corporation reported 1.72% of its portfolio in Schlumberger Limited (NYSE:SLB). 4,482 were accumulated by Banced. Jacobs Levy Equity stated it has 0% of its portfolio in Schlumberger Limited (NYSE:SLB). Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested 0.44% in Schlumberger Limited (NYSE:SLB).

Since January 22, 2018, it had 3 buys, and 3 selling transactions for $6.93 million activity. Shares for $1.96 million were sold by Guild Howard. Schorn Patrick bought 5,000 shares worth $323,950. 75,000 Schlumberger Limited (NYSE:SLB) shares with value of $5.91M were sold by AYAT SIMON. On Monday, March 26 the insider KIBSGAARD PAAL bought $646,800. The insider Jaramillo Claudia sold 3,000 shares worth $218,049.

Front Barnett Associates Llc increased its stake in Schlumberger Ltd. (SLB) by 45.12% based on its latest 2018Q1 regulatory filing with the SEC. Front Barnett Associates Llc bought 50,390 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 162,060 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $10.50 million, up from 111,670 at the end of the previous reported quarter. Front Barnett Associates Llc who had been investing in Schlumberger Ltd. for a number of months, seems to be bullish on the $93.69 billion market cap company. The stock decreased 1.02% or $0.7 during the last trading session, reaching $67.64. About 1.34 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since July 12, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Another recent and important Schlumberger Limited (NYSE:SLB) news was published by Seekingalpha.com which published an article titled: “Schlumberger: Another Win” on June 24, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 17 analysts covering Schlumberger Limited (NYSE:SLB), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Schlumberger Limited has $95.0 highest and $75.0 lowest target. $81.67’s average target is 20.74% above currents $67.64 stock price. Schlumberger Limited had 25 analyst reports since January 15, 2018 according to SRatingsIntel. Susquehanna maintained the stock with “Buy” rating in Monday, January 22 report. The firm earned “Buy” rating on Monday, June 25 by Citigroup. On Monday, April 23 the stock rating was maintained by Seaport Global with “Buy”. The firm earned “Buy” rating on Tuesday, April 3 by SunTrust. As per Monday, February 26, the company rating was upgraded by Bank of America. On Thursday, May 24 the stock rating was maintained by Wells Fargo with “Buy”. Seaport Global maintained the stock with “Buy” rating in Monday, January 22 report. The firm has “Buy” rating by Jefferies given on Monday, January 22. The firm has “Buy” rating given on Monday, February 12 by Griffin Securities. FBR Capital maintained the shares of SLB in report on Monday, January 22 with “Buy” rating.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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