Institutional Portfolio Favorite in Spotlight: Schlumberger Limited (NYSE:SLB)

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30 May, 2017

Schlumberger Limited. (NYSE:SLB)'s stock had its "neutral" rating reaffirmed by analysts at Bank of America Corp in a research report issued on Tuesday. The Bright Rock Capital Management Llc holds 92,000 shares with $7.72M value, down from 100,000 last quarter. Schlumberger Ltd now has $97.29 billion valuation. About 808 shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since May 30, 2016 and is downtrending. Hedge funds and other institutional investors own 78.66% of the company's stock. The Hillcrest Asset Management Llc holds 205,254 shares with $12.76M value, up from 200,366 last quarter. The stock increased 0.29% or $0.15 on May 26, reaching $51.3. (NYSE:MRK) has risen 16.86% since May 30, 2016 and is uptrending. Disney Walt Co New (NYSE:DIS) was raised too.

Based on the lastest quarterly filings, institutions continue to be large stakeholders in Schlumberger Limited (NYSE:SLB). Therefore 80% are positive. Equities analysts predict that Schlumberger Limited. will post $1.49 earnings per share for the current year. On Monday, January 25 the stock rating was maintained by Cowen & Co with "Outperform". Schlumberger Limited's stock price now sits at $70.09. (NYSE:SLB) news was published by Businesswire.com which published an article titled: "Schlumberger Announces Second-Quarter 2017 Results Conference Call" on May 23, 2017. Societe Generale upgraded the stock to "Buy" rating in Tuesday, July 19 report. FBR Capital has "Outperform" rating and $105 target. Howard Weil maintained the shares of SLB in report on Monday, January 25 with "Focus Stock" rating. On Tuesday, April 26 the stock rating was maintained by Barclays Capital with "Overweight". Citigroup maintained the shares of SLB in report on Wednesday, October 5 with "Buy" rating.

Shares of Schlumberger Limited. (NYSE:SLB) on Wednesday, March 1. RBC Capital Markets maintained the shares of MSCC in report on Monday, August 10 with "Outperform" rating. (NYSE:SLB) has "Hold" rating given on Monday, April 25 by Jefferies. Its down 0.03, from 1.09 in 2016Q3. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/05/30/schlumberger-limited-slb-shares-sold-by-honkamp-krueger-financial-services-inc-updated-updated.html. Banque Pictet & Cie SA raised its position in shares of Schlumberger Limited.by 7.3% in the third quarter. Ballentine Prtnrs Ltd Limited Liability Company reported 6,357 shares stake. Comparatively, Schlumberger Limited posted earnings of $0.45 per share in the same quarter a year ago. SRS Capital Advisors Inc. bought a new stake in Schlumberger Limited. during the fourth quarter valued at approximately $101,000. National Bank Of Ny Mellon holds 2.65M shares or 0.04% of its portfolio. Thompson Rubinstein Mgmt Or holds 2.38% or 76,627 shares in its portfolio. Crestwood Advisors Lc, a Massachusetts-based fund reported 219,746 shares. Proffitt And Goodson owns 15,648 shares for 0.66% of their portfolio. 160,962 are owned by Cornerstone. Banque Pictet & Cie SA now owns 129,558 shares of the oil and gas company's stock valued at $10,188,000 after buying an additional 8,824 shares during the period. Barnett And Incorporated has invested 0.01% in Schlumberger Limited. (NYSE SLB) opened at 69.59 on Tuesday. Barrington Strategic Wealth Mngmt Gru Ltd Liability Company reported 0.37% in Schlumberger Limited. (NYSE:SLB). Meiji Yasuda Asset Mgmt Limited reported 74,173 shares stake.

Since December 8, 2016, it had 0 insider purchases, and 8 insider sales for $27.09 million activity. Another trade for 77,611 shares valued at $6.71M was sold by Kizilbash Imran. (NYSE:SLB) was sold by SANDVOLD TORE I. AYAT SIMON sold 40,000 shares worth $3.36M. (NYSE:SLB) on Monday, March 28 with "Equal-Weight" rating. 46,577 shares valued at $3.98 million were sold by BELANI ASHOK on Wednesday, December 21. Four analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. Therefore 64% are positive. The stock has "Hold" rating by Jefferies on Thursday, July 14. The firm has "Buy" rating by KLR Group given on Monday, December 14. The company was maintained on Thursday, October 1 by Oppenheimer. The rating was downgraded by Raymond James to "Mkt Perform" on Friday, October 23. The company was upgraded on Friday, April 21 by SunTrust.

Since December 9, 2016, it had 0 buys, and 17 insider sales for $12.26 million activity. KIRKLAND CHRISTOPHER R also sold $329,450 worth of Simmons First National Corporation (NASDAQ:SFNC) on Monday, May 1. $197,103 worth of Simmons First National Corporation (NASDAQ:SFNC) was sold by Wade Steven C. The insider MAKRIS GEORGE JR bought $104,000. Livforsakringsbolaget Skandia Omsesidigt holds 0.34% or 79,103 shares. Another trade for 5,000 shares valued at $424,132 was sold by Martellozo Gerard.

Investors sentiment decreased to 0.84 in 2016 Q4. Its down 0.14, from 0.98 in 2016Q3. It increased, as 3 investors sold SFNC shares while 37 reduced holdings. 26 funds opened positions while 50 raised stakes.

Arclight Capital Partners Llc holds 14.92% of its portfolio in TransMontaigne Partners L.P. for 3.17 million shares. Schroder Inv Mngmt Gp invested in 287,177 shares. Lathrop Investment Management reported 142,042 shares.

Ellington Management Group Llc increased Micron Technology Inc (MU) stake by 295.65% reported in 2016Q4 SEC filing. First Eagle Investment Management LLC now owns 4,581,451 shares of the oil and gas company's stock valued at $360,285,000 after buying an additional 4,580,551 shares during the period.

Microsemi Corporation (NASDAQ:MSCC) had a decrease of 0.2% in short interest.


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