Schlumberger LTD (SLB) Shareholder Zwj Investment Counsel INC Lifted Holding by $7.07 Million

September 16, 2018 - By Tina Thibodeau

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.24, from 1.2 in 2018Q1. It turned negative, as 56 investors sold SLB shares while 536 reduced holdings. 108 funds opened positions while 461 raised stakes. 1.04 billion shares or 0.66% less from 1.04 billion shares in 2018Q1 were reported. Mai Cap reported 0.21% stake. Jane Street Grp Incorporated Lc invested in 0.05% or 290,645 shares. Wolverine Asset Limited Liability Co holds 377 shares. Academy Cap Mngmt Tx has invested 1.88% in Schlumberger Limited (NYSE:SLB). Corecommodity Management Ltd has 0.58% invested in Schlumberger Limited (NYSE:SLB) for 12,918 shares. Parametric Assocs has invested 0.2% in Schlumberger Limited (NYSE:SLB). Pictet North America Advsr Sa accumulated 46,808 shares or 0.47% of the stock. Country Tru Retail Bank reported 383,078 shares or 1.1% of all its holdings. Washington Cap Mgmt reported 26,405 shares. Polar Asset Mngmt Ptnrs has invested 0.54% in Schlumberger Limited (NYSE:SLB). Thomas Story Son Lc has 2.15% invested in Schlumberger Limited (NYSE:SLB). Mitsubishi Ufj Corp reported 3.09M shares stake. Lau Assocs Limited Co holds 0.28% or 6,187 shares. 103,027 were accumulated by Captrust Advisors. Institute For Wealth Management Ltd Co owns 18,278 shares.

Since March 26, 2018, it had 4 buys, and 1 sale for $1.43 million activity. Another trade for 3,000 shares valued at $218,049 was sold by Jaramillo Claudia. KIBSGAARD PAAL had bought 10,000 shares worth $646,800. Al Mogharbel Khaled also bought $192,900 worth of Schlumberger Limited (NYSE:SLB) shares. $482,480 worth of stock was bought by MARKS MICHAEL E on Thursday, September 6.

Zwj Investment Counsel Inc increased its stake in Schlumberger Ltd (SLB) by 47.43% based on its latest 2018Q2 regulatory filing with the SEC. Zwj Investment Counsel Inc bought 105,592 shares as the company’s stock declined 10.52% while stock markets rallied. The institutional investor held 328,240 shares of the oilfield services and equipment company at the end of 2018Q2, valued at $22.00M, up from 222,648 at the end of the previous reported quarter. Zwj Investment Counsel Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $84.75 billion market cap company. The stock increased 0.34% or $0.21 during the last trading session, reaching $61.23. About 8.06M shares traded or 20.17% up from the average. Schlumberger Limited (NYSE:SLB) has declined 8.44% since September 16, 2017 and is downtrending. It has underperformed by 24.06% the S&P500.

Zwj Investment Counsel Inc, which manages about $1.35B and $1.16 billion US Long portfolio, decreased its stake in Lyondellbasell Industries N (NYSE:LYB) by 117,256 shares to 59,094 shares, valued at $6.49M in 2018Q2, according to the filing.

More news for Schlumberger Limited (NYSE:SLB) were recently published by: Seekingalpha.com, which released: “General Electric Is A Wait And Watch Story – Cramer’s Lightning Round (9/13/18)” on September 14, 2018. Seekingalpha.com‘s article titled: “Schlumberger: Silly Cheap” and published on September 06, 2018 is yet another important article.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 10 analysts covering Schlumberger (NYSE:SLB), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Schlumberger had 14 analyst reports since April 3, 2018 according to SRatingsIntel. On Thursday, June 21 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by Credit Suisse with “Buy” on Monday, April 23. Citigroup maintained the shares of SLB in report on Monday, July 23 with “Buy” rating. The firm earned “Outperform” rating on Monday, July 23 by Credit Suisse. SunTrust maintained the shares of SLB in report on Monday, April 23 with “Buy” rating. The firm earned “Buy” rating on Monday, April 23 by Seaport Global. SunTrust upgraded Schlumberger Limited (NYSE:SLB) on Tuesday, April 3 to “Buy” rating. As per Monday, April 23, the company rating was maintained by Susquehanna. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Citigroup on Wednesday, June 13. Jefferies maintained the stock with “Buy” rating in Wednesday, April 4 report.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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