Published: Mon, April 16, 2018
Business | By Tara Barton

Schlumberger (SLB) Stake Decreased by Wagner Bowman Management Corp


Lowe Brockenbrough & Company Inc sold 5,468 shares as Schlumberger Ltd Com (SLB)'s stock declined 4.39%. The institutional investor held 19,924 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $1.34M, down from 27,357 at the end of the previous reported quarter. Axel Capital Management Llc who had been investing in American Tower Corp New for a number of months, seems to be less bullish one the $60.10B market cap company. Insiders have acquired a total of 18,000 shares of company stock worth $1,163,650 over the last 90 days. 7,853,453 shares of the stock traded hands, compared to its average volume of 6,920,426. The stock has a consensus rating of "Buy" and a consensus target price of $81.08. It has outperformed by 13.90% the S&P500.

Pineno Levin & Ford Asset Management Inc. cut its stake in Schlumberger (NYSE:SLB) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,200 shares of the oil and gas company's stock after buying an additional 12,074 shares during the quarter. Meridian Management Co who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $94.18B market cap company.

Schlumberger stock traded up $0.39 during midday trading on Friday, hitting $67.95. Following the transaction, the insider now owns 30,482 shares of the company's stock, valued at approximately $1,959,992.60. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 15, 2017 and is downtrending. It has underperformed by 49.46% the S&P500.

During Q4 2017 the big money sentiment decreased to 0.66. It has change of 0.22, from 2017Q3's 0.88. It is negative, as 48 investors sold XOM shares while 819 reduced holdings. 140 funds opened positions while 365 raised stakes. Ws Mngmt Lllp has invested 0.38% in Schlumberger Limited (NYSE:SLB). The Hawk Ridge Management Llc holds 201,200 shares with $10.32 million value, up from 95,800 last quarter. Bluefin Trading Limited Liability Corporation holds 0.08% or 8,900 shares in its portfolio. Wellington Mngmt Limited Liability Partnership invested 0.44% in Schlumberger Limited (NYSE:SLB). Advisor Prtnrs Ltd Liability Corp stated it has 15,806 shares or 0.22% of all its holdings. Valicenti Advisory Service, New York-based fund reported 33,971 shares. Ariel Investments Llc reported 1.21 million shares or 0.92% of all its holdings. Northstar Asset Ltd Liability Company holds 0.98% or 35,249 shares in its portfolio. Gabalex Cap Ltd Liability reported 250,000 shares or 4.84% of all its holdings. Thrivent Financial For Lutherans holds 61,938 shares. Vanguard Gp Incorporated reported 0.03% of its portfolio in ** SEE IAC (NASDAQ:IACI). Telos Cap owns 14,590 shares or 0.73% of their United States portfolio. Garrison Fincl Corporation reported 20,773 shares stake. Jnba Advsr owns 0.02% invested in Schlumberger Limited (NYSE:SLB) for 1,199 shares. 101,816 are owned by S&T Comml Bank Pa. Sg Americas Limited Liability Company has invested 0.89% in Exxon Mobil Corporation (NYSE:XOM).

Since January 2, 2018, it had 0 insider buys, and 1 insider sale for $7.92 million activity.

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In other Schlumberger news, CFO Simon Ayat sold 75,000 shares of Schlumberger stock in a transaction that occurred on Wednesday, January 24th. On Monday, March 26 KIBSGAARD PAAL bought $646,800 worth of Schlumberger Limited (NYSE:SLB) or 10,000 shares. SANDVOLD TORE I sold $219,205 worth of stock or 3,500 shares. Shares for $192,900 were bought by Al Mogharbel Khaled on Wednesday, March 28. On Monday, January 22 the insider Guild Howard sold $1.96M.

Among 39 analysts covering Schlumberger Limited. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Therefore 82% are positive. Tahoe Resources had 19 analyst reports since October 8, 2015 according to SRatingsIntel. Citigroup maintained it with "Buy" rating and $82 target in Tuesday, March 29 report. The company now has a consensus rating of "Buy" and a consensus price target of $81.08. The company was maintained on Tuesday, April 26 by Barclays Capital. The company was maintained on Wednesday, November 22 by RBC Capital Markets. Jefferies maintained Schlumberger Limited (NYSE:SLB) rating on Friday, September 29. Royal Bank of Canada set a $73.00 price target on Schlumberger and gave the stock a "buy" rating in a research report on Thursday, December 21st. Jefferies has "Buy" rating and $234.0 target. Jefferies maintained Schlumberger Limited (NYSE:SLB) rating on Wednesday, April 4. The company was initiated on Monday, December 14 by KLR Group.

Schlumberger (NYSE:SLB) last released its quarterly earnings data on Friday, January 19th. During the same period in the prior year, the business posted $0.27 earnings per share. SLB's profit will be $554.38 million for 42.47 P/E if the $0.40 EPS becomes a reality. Da Davidson And has 0.24% invested in Schlumberger Limited (NYSE:SLB).

Among 8 analysts covering Vanda Pharmaceuticals (NASDAQ:VNDA), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 24% are positive. Adecco S.A. had 3 analyst reports since August 14, 2015 according to SRatingsIntel. As per Friday, July 24, the company rating was maintained by RBC Capital Markets. The rating was maintained by Credit Suisse on Thursday, February 15 with "Outperform". The stock has "Buy" rating by Deutsche Bank on Thursday, August 3. The company was upgraded on Tuesday, May 17 by Wells Fargo. On Friday, October 20 the stock rating was maintained by Piper Jaffray with "Buy". The company now has a consensus rating of Buy and a consensus price target of $81.08. The firm has a market capitalization of $93,498.52, a price-to-earnings ratio of 45.30, a price-to-earnings-growth ratio of 5.34 and a beta of 1.05. 5,000 are held by Architects. The stock has "Buy" rating by Evercore on Saturday, August 22.

Investors sentiment increased to 0.83 in 2017 Q4. Its up 0.28, from 0.63 in 2017Q3. The company's quarterly revenue was up 15.1% compared to the same quarter last year. equities research analysts anticipate that Schlumberger will post 2.11 earnings per share for the current fiscal year. 102 funds opened positions while 175 raised stakes. Bollard Grp Limited Company invested in 3,563 shares or 0.04% of the stock. Walleye Trading Lc holds 0% or 7,403 shares in its portfolio. Wetherby Asset accumulated 0.1% or 6,684 shares. Century Cos invested in 2.43M shares. Cornerstone Cap Llc, New York-based fund reported 46,679 shares. Northwestern Mutual Wealth Mngmt accumulated 54,312 shares or 0.09% of the stock. Federated Inc Pa stated it has 47,746 shares.

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