Schlumberger LTD (SLB) Holder Zwj Investment Counsel INC Lifted Position by $7.07 Million as Share Value Declined

November 10, 2018 - By Peter Erickson

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment decreased to 0.96 in 2018 Q2. Its down 0.24, from 1.2 in 2018Q1. It is 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. Guardian Life Ins Of America reported 3,840 shares stake. Amica Mutual Insurance Communication invested in 44,686 shares or 0.36% of the stock. National Bank Of America Corp De owns 0.2% invested in Schlumberger Limited (NYSE:SLB) for 17.71M shares. Moreover, Credit Suisse Ag has 0.18% invested in Schlumberger Limited (NYSE:SLB). Shine Investment Advisory Services holds 3,169 shares. Massachusetts Financial Svcs Ma owns 33.48M shares or 0.96% of their US portfolio. Signaturefd Ltd invested in 5,076 shares. Lodestar Investment Counsel Lc Il has 1.62% invested in Schlumberger Limited (NYSE:SLB) for 210,044 shares. Haverford Tru Co holds 1.18% of its portfolio in Schlumberger Limited (NYSE:SLB) for 891,567 shares. Van Cleef Asset Managementinc invested 1.87% of its portfolio in Schlumberger Limited (NYSE:SLB). Illinois-based Dearborn Prtnrs Llc has invested 0.02% in Schlumberger Limited (NYSE:SLB). Murphy Cap Mngmt holds 34,372 shares or 0.33% of its portfolio. Tower Rech Cap Llc (Trc) invested in 0.05% or 14,041 shares. Fruth Inv Mgmt reported 0.41% of its portfolio in Schlumberger Limited (NYSE:SLB). Prudential Public Limited holds 853,425 shares or 0.18% of its portfolio.

Since May 16, 2018, it had 1 insider purchase, and 1 insider sale for $264,431 activity. Jaramillo Claudia sold $218,049 worth of stock or 3,000 shares.

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 $22.00 million, 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 $69.79 billion market cap company. The stock decreased 2.29% or $1.18 during the last trading session, reaching $50.4. About 13.35M shares traded or 53.96% up from the average. Schlumberger Limited (NYSE:SLB) has declined 8.44% since November 10, 2017 and is downtrending. It has underperformed by 24.06% the S&P500.

Zwj Investment Counsel Inc, which manages about $1.35 billion and $1.16 billion US Long portfolio, decreased its stake in Weyerhaeuser Co (NYSE:WY) by 134,805 shares to 240,957 shares, valued at $8.79M in 2018Q2, according to the filing.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger’s Financials And Outlook After Q3” on October 25, 2018, also Seekingalpha.com with their article: “Schlumberger: Buying The Fear” published on October 19, 2018, Seekingalpha.com published: “Schlumberger: Buy On International Markets Recovery” on October 29, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Fool.com and their article: “Why These Top Oilfield Services Stocks Dropped More Than 14% in October” published on November 10, 2018 as well as Seekingalpha.com‘s news article titled: “Has Schlumberger Peaked?” with publication date: October 25, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 9 analysts covering Schlumberger Limited (NYSE:SLB), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Schlumberger Limited had 12 analyst reports since May 24, 2018 according to SRatingsIntel. The rating was maintained by FBR Capital with “Buy” on Thursday, June 21. Credit Suisse maintained the stock with “Outperform” rating in Monday, July 23 report. The company was maintained on Thursday, May 24 by Wells Fargo. Citigroup maintained the shares of SLB in report on Monday, June 25 with “Buy” rating. The rating was maintained by Citigroup on Monday, October 22 with “Buy”. As per Monday, September 17, the company rating was maintained by JP Morgan. Citigroup maintained Schlumberger Limited (NYSE:SLB) rating on Monday, July 23. Citigroup has “Buy” rating and $77 target. The firm has “Buy” rating by Citigroup given on Wednesday, June 13. UBS maintained Schlumberger Limited (NYSE:SLB) rating on Monday, October 22. UBS has “Buy” rating and $75 target. The rating was maintained by Jefferies on Wednesday, September 26 with “Buy”.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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