Front Barnett Associates LLC Stake in Schlumberger LTD (SLB) Increased by $3.22 Million; Shares Rose

June 27, 2018 - By Lena Young

Schlumberger Limited (NYSE:SLB) Corporate LogoDuring Q1 2018 the big money sentiment increased to 1.2. That’s change of 0.54, from 2017Q4’s 0.66. 60 investors sold all, 488 reduced holdings as SLB ratio is positive. 548 rose holdings while 111 funds bought holdings. Funds hold 1.04 billion shares thus 1.22% less from 2017Q4’s 1.05 billion shares. Fiera Capital Corp holds 0% in Schlumberger Limited (NYSE:SLB) or 13,596 shs. Partnervest Advisory Limited Liability Company accumulated 6,747 shs. Oarsman Capital Incorporated reported 0.3% of its capital in Schlumberger Limited (NYSE:SLB). Highlander Capital Mgmt Ltd Llc stated it has 0.01% in Schlumberger Limited (NYSE:SLB). 44,771 were reported by Cibc Ww. The Ohio-based Huntington Bancorporation has invested 0.19% in Schlumberger Limited (NYSE:SLB). Lipe And Dalton owns 0.27% invested in Schlumberger Limited (NYSE:SLB) for 5,720 shs. Fulton Bank Na has 0.02% invested in Schlumberger Limited (NYSE:SLB). Plante Moran Financial Limited Liability Com reported 0.02% of its capital in Schlumberger Limited (NYSE:SLB). Lombard Odier Asset (Switzerland) Sa holds 0.05% in Schlumberger Limited (NYSE:SLB) or 8,021 shs. Country Club Na has invested 1.01% of its capital in Schlumberger Limited (NYSE:SLB). First American Comml Bank holds 0.13% in Schlumberger Limited (NYSE:SLB) or 26,520 shs. Hourglass Cap holds 2.41% in Schlumberger Limited (NYSE:SLB) or 162,424 shs. Woodstock Corporation owns 102,054 shs or 1.25% of their US capital. Heritage Wealth Advsr has invested 0.48% in Schlumberger Limited (NYSE:SLB).

SLB had 3 selling transactions and 3 buys since January 22, 2018. This’s net activity of $6.93 million. AYAT SIMON sold $5.91M worth of Schlumberger Limited (NYSE:SLB) on Wednesday, January 24. On Monday, March 26 $323,950 worth of stock was bought by Schorn Patrick. On Wednesday, March 28 3,000 shs were bought by Al Mogharbel Khaled, worth $192,900. Guild Howard sold 25,000 shs worth $1.96M. 3,000 shs were sold by Jaramillo Claudia, worth $218,049.

Based on the latest 2018Q1 regulatory filing with the SEC, Front Barnett Associates Llc upped its holdings in Schlumberger Ltd. (SLB) by 45.12%. The company’s stock popped up 2.80% while Front Barnett Associates Llc bought 50,390 shares. The oilfield services and equipment company announced $10.50 million value for the 2018Q1. Now the institutional investor is holding 162,060 shares, compared to the 111,670 from the previous quarter. For a total of shares it reduced its holding in by shares in the quarter, and has cut its stake in .

For more Schlumberger Limited (NYSE:SLB) news brought out briefly go to: Seekingalpha.com, Benzinga.com, Bizjournals.com, Globenewswire.com or Forbes.com. The titles are as follows: “Baker Hughes to go it alone as GE confirms plan to unload” brought out on June 26, 2018, “Earnings Outlook For Schlumberger” on June 19, 2018, “See which Houston public cos. were the biggest winners, losers for job growth since 2009” with a publish date: June 25, 2018, “Factors of Influence in 2018, Key Indicators and Opportunity within Dr Pepper Snapple Group, United Therapeutics …” and the last “Why Schlumberger’s Stock Continues To Underperform” with publication date: May 29, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

In total 17 analysts cover Schlumberger Limited (NYSE:SLB). “Buy” rating has 16, “Sell” are 0, while 1 are “Hold”. 94% are bullish. With $95.0 highest and $75.0 lowest price target Schlumberger Limited has $81.67 average price target or 21.26% above the current ($67.35) price. 28 are the (NYSE:SLB)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. The company rating was upgraded by Griffin Securities on Monday, February 12. The company rating was maintained by Seaport Global on Monday, January 22. On Thursday, March 15 Cowen & Co maintained Schlumberger Limited (NYSE:SLB) rating. Cowen & Co has “Buy” rating and $81.0 target. On Monday, April 23 the stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Credit Suisse. In Monday, February 26 report Bank of America upgraded the stock to “Buy” rating. On Thursday, January 11 Cowen & Co maintained the shares of SLB in report with “Buy” rating. On Tuesday, April 3 SunTrust upgraded Schlumberger Limited (NYSE:SLB) to “Buy” rating. On Monday, January 15 the stock of Schlumberger Limited (NYSE:SLB) has “Hold” rating given by BMO Capital Markets. On Monday, January 22 Susquehanna maintained the shares of SLB in report with “Buy” rating. The stock rating was maintained by FBR Capital with “Buy” on Monday, January 22.

Schlumberger Limited (NYSE:SLB) Institutional Investors Chart

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