As Schlumberger Limited (SLB) Shares Declined, Colony Group LLC Decreased Its Stake by $6.93 Million

May 3, 2018 - By Matthew Medley

Schlumberger Limited (NYSE:SLB) Corporate LogoBig Money Sentiment decreased to 0.66 in 2017 Q4. It has change of 0.22, from 2017Q3’s 0.88. The ratio dived due to SLB positioning: 90 sold and 672 reduced. 140 funds acquired holdings and 365 increased holdings. Investors holded 1.20 billion in 2017Q3 but now own 1.05 billion shares or 11.89% less. Merriman Wealth Mngmt Ltd Liability Corp accumulated 40,303 shs. Bnp Paribas Asset Holdings Sa invested in 0.27% or 469,994 shs. Loomis Sayles & Lp holds 2.21% of its capital in Schlumberger Limited (NYSE:SLB) for 15.77M shs. Cohen And Steers holds 476,435 shs or 0.09% of its capital. First Citizens Savings Bank Tru has invested 0.03% in Schlumberger Limited (NYSE:SLB). Condor Mgmt holds 59,015 shs. Barbara Oil Company holds 0.69% or 16,000 shs. Country Club Trust Communication Na has invested 1.22% in Schlumberger Limited (NYSE:SLB). Liberty Mutual Grp Asset Management Incorporated invested in 0.11% or 55,379 shs. White Pine Ltd holds 5,318 shs. Moreover, Ariel Investments Ltd Liability Corp has 0.92% invested in Schlumberger Limited (NYSE:SLB). Essex Financial Svcs reported 0.32% stake. Selway Asset Mgmt, a Idaho-based fund reported 55,200 shs. Chesapeake Asset Mgmt holds 3.18% of its capital in Schlumberger Limited (NYSE:SLB) for 48,965 shs. Rathbone Brothers Public Ltd owns 159,978 shs for 0.44% of their capital.

SLB registered $6.71 million net activity with 3 buys and 2 sales since January 22, 2018. Schorn Patrick also bought $323,950 worth of Schlumberger Limited (NYSE:SLB) shs. $192,900 worth of Schlumberger Limited (NYSE:SLB) shs were bought by Al Mogharbel Khaled. KIBSGAARD PAAL bought $646,800 worth of Schlumberger Limited (NYSE:SLB) or 10,000 shs on Monday, March 26. $5.91 million worth of Schlumberger Limited (NYSE:SLB) was sold by AYAT SIMON on Wednesday, January 24.

Based on the latest 2017Q4 regulatory filing with the SEC, Colony Group Llc reduced its stake in Schlumberger Limited (SLB) by 69.45%. By selling 103,469 shares Colony Group Llc made the stock sank with 4.39%. The hedge fund is holding 45,511 shares, compared to the 148,980 from the previous quarter. And the reported value of the oilfield services and equipment company is $3.07M for the 2017Q4. Schlumberger Limited has $92.68B market cap. The stock decreased 2.55% or $1.75 during the last trading session, hitting $66.91.Currently Schlumberger Limited is downtrending after 16.28% change in last May 3, 2017. SLB has also 2.47 million shares volume. SLB underperformed by 27.83% the S&P500.

Colony Group Llc upped its stake in Ishares Currency Hedge Msci by 203,196 shares to 2.69 million shares, valued at $72.39 million in 2017Q4, according to the filing. It operates about $3.39B and $1.60 billion US Long portfolio. For a total of 265,921 shares it increased its holding in Fidelity Total Bond Etf by 227,122 shares in the quarter, and has risen its stake in Vanguard Extended Market Etf S &P Compl (VXF).

Schlumberger Limited (NYSE:SLB) Ratings Coverage

In total 16 analysts cover Schlumberger Limited (NYSE:SLB). “Buy” rating has 15, “Sell” are 0, while 1 are “Hold”. (NYSE:SLB) has 94% bullish analysts. With $95.0 highest and $73.0 lowest target, Schlumberger Limited has $81.43 average target or 21.70% above the current ($66.91) price. 26 are the (NYSE:SLB)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. In Monday, February 26 report Bank of America upgraded the stock to “Buy” rating. On Monday, January 22 Jefferies maintained Schlumberger Limited (NYSE:SLB) with “Buy” rating. On Thursday, March 15 the firm has “Buy” rating given by Cowen & Co. On Tuesday, April 3 the company was upgraded by SunTrust. On Wednesday, April 4 the rating was maintained by Jefferies with “Buy”. On Monday, February 12 Griffin Securities upgraded Schlumberger Limited (NYSE:SLB) to “Buy” rating. On Monday, April 23 Credit Suisse maintained Schlumberger Limited (NYSE:SLB) rating. Credit Suisse has “Buy” rating and $8000 target. On Friday, April 13 Cowen & Co maintained Schlumberger Limited (NYSE:SLB) with “Buy” rating. On Monday, April 23 the rating was maintained by Susquehanna with “Buy”. On Tuesday, January 16 the stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given by RBC Capital Markets.

Schlumberger Limited (NYSE:SLB) Institutional Investors Chart

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