Investors Sell Schlumberger (SLB) on Strength (SLB)

Annette Crawford
January 12, 2018

Northern Cross LLC now owns 16,896,879 shares of the oil and gas company's stock worth $1,112,491,000 after acquiring an additional 620,270 shares in the last quarter. Schlumberger Ltd now has $104.73B valuation. About 5.72 million shares traded. (NYSE:SLB) last issued its earnings results on Friday, January 20th. Schlumberger Limited (SLB) average trading volume of 9,212,790 during the past month is 20.37% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times.

Contrarius Investment Management Ltd decreased its stake in Iamgold Corp (IAG) by 18.4% based on its latest 2017Q3 regulatory filing with the SEC. Dorsey & Whitney Trust Company Llc bought 5,803 shares as the company's stock declined 11.04% while stock markets rallied. Armstrong World Ind. now has $3.33 billion valuation. The stock decreased 1.70% or $1.14 during the last trading session, reaching $65.89. About 384,220 shares traded. (NASDAQ:PLAY) has risen 74.20% since January 12, 2017 and is uptrending. It has outperformed by 0.45% the S&P500. Cim Inv Mangement stated it has 0.26% of its portfolio in Schlumberger Limited (NYSE:SLB). They expect $0.03 earnings per share, up 200.00% or $0.02 from last year's $0.01 per share. KMG's profit will be $10.92M for 23.20 P/E if the $0.71 EPS becomes a reality.

The Stock now has Analyst' mean Recommendation of 2.1 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Therefore 60% are positive. As per Thursday, January 4, the company rating was maintained by Jefferies. The stock of Schlumberger Limited (NYSE:SLB) has "Equal-Weight" rating given on Wednesday, June 21 by Barclays Capital. The rating was upgraded by Robert W. Baird to "Neutral" on Tuesday, August 25. Finally, Credit Suisse Group set a $71.00 price target on Schlumberger and gave the company a "buy" rating in a research note on Monday, October 23rd. The stock of Schlumberger Limited (NYSE:SLB) earned "Buy" rating by Citigroup on Wednesday, March 23. Raymond James upgraded the shares of IAG in report on Thursday, January 21 to "Market Perform" rating. The firm earned "Buy" rating on Wednesday, September 30 by UBS. Stephens downgraded Schlumberger N.V. from an "overweight" rating to an "equal weight" rating in a research note on Monday, January 23rd. Jefferies Group also issued estimates for Schlumberger's Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.44 EPS, Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.10 EPS. Schlumberger Limited. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.20. It improved, as 41 investors sold WU shares while 171 reduced holdings. 43 funds opened positions while 95 raised stakes. Stifel Financial Corporation holds 66,797 shares.

NVIDIA Corporation (NVDA) in the last quarter reported its actual EPS of $1.33/share where the analyst estimated EPS was $0.94/share.

Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of CVS Health Corporation Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 4.16. Sandy Spring Bank & Trust holds 0% of its portfolio in Crown Holdings, Inc. X Management Company Ltd Company holds 0.01% of its portfolio in Westinghouse Air Brake Technologies Corporation (NYSE:WAB) for 3,535 shares. Sanders Limited Com holds 4.63% or 29.89M shares in its portfolio. 70,945 are held by Palouse Cap.

Mirae Asset Global Investments, which manages about $4.74B and $5.50 billion US Long portfolio, decreased its stake in Ishares Tr (IEFA) by 138,840 shares to 3.02M shares, valued at $193.60 million in 2017Q3, according to the filing. Following the completion of the transaction, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. Lowe Brockenbrough & invested in 106,048 shares or 1.81% of the stock. Bank Of Nova Scotia Trust accumulated 0.39% or 146,816 shares. It also reduced its holding in General Electric Corp (NYSE:GE) by 12,602 shares in the quarter, leaving it with 300,273 shares, and cut its stake in Verizon Communications (NYSE:VZ).


Since August 14, 2017, it had 0 insider buys, and 5 sales for $8.22 million activity. About 49,166 shares traded. Guyasuta Investment Inc invested in 1.44% or 170,731 shares. Its the same as in 2017Q2.

A number of other institutional investors and hedge funds also recently bought and sold shares of SLB.

Schlumberger Limited. has a one year low of $61.02 and a one year high of $87.84. The company has volume of 9.91 Million shares. Martin Tn, a Tennessee-based fund reported 24,239 shares. First Citizens Fincl Bank And Trust Comm owns 5,851 shares or 0.05% of their United States portfolio. The Pennsylvania-based Fulton Bankshares Na has invested 0.07% in Schlumberger Limited (NYSE:SLB). Deroy & Devereaux Private Invest Counsel holds 1.54% of its portfolio in Schlumberger Limited (NYSE:SLB) for 195,939 shares. Legal And General Gp Public Ltd Company has 0% invested in WesBanco, Inc. Maplelane Cap Lc reported 114,000 shares. Sunbelt Securities Incorporated stated it has 0.46% of its portfolio in Schlumberger Limited (NYSE:SLB). Parametrica Mngmt Ltd holds 0.3% of its portfolio in Pepsico, Inc. Mutual Of America Capital Mngmt Ltd Liability Corp holds 76,242 shares. Mitsubishi Ufj Tru Banking reported 406,002 shares. Vanguard Specialized Portfol (VIG) was raised too.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $219,205 activity. $219,205 worth of stock was sold by SANDVOLD TORE I on Tuesday, October 24.

Schlumberger's revenue for the quarter was up 12.6% on a year-over-year basis. equities research analysts forecast that Schlumberger Limited. will post 1.46 earnings per share for the current fiscal year.

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