First Eagle Investment Management LLC Increased Schlumberger LTD (SLB) Stake by $115.39 Million

April 17, 2018 - By Eula Gilbert

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 fall due to SLB positioning: 90 sold and 672 reduced. 140 funds acquired stakes and 365 increased stakes. Investors holded 1.20 billion in 2017Q3 but now own 1.05 billion shares or 11.89% less. 63,794 were reported by Atlanta Company L L C. Sit Invest Associate, Minnesota-based fund reported 18,450 shs. Richard Bernstein Advisors Llc has invested 0.23% in Schlumberger Limited (NYSE:SLB). Cambridge Advisors Incorporated accumulated 17,699 shs. Cedar Hill Assocs Ltd Com stated it has 1.03% in Schlumberger Limited (NYSE:SLB). Tirschwell And Loewy Inc invested in 0.48% or 50,203 shs. Quadrant Capital Ltd Liability Co has 30,665 shs for 1.45% of their capital. Duncker Streett Inc stated it has 10,990 shs. Ohio-based Bowling Portfolio Mgmt Limited Liability Corporation has invested 0.05% in Schlumberger Limited (NYSE:SLB). Pinnacle Financial Ptnrs has invested 0.38% in Schlumberger Limited (NYSE:SLB). 159,978 are held by Rathbone Brothers Public Ltd Company. State Of Alaska Department Of Revenue stated it has 0.26% in Schlumberger Limited (NYSE:SLB). First Manhattan Company invested 0.01% of its capital in Schlumberger Limited (NYSE:SLB). Grantham Mayo Van Otterloo & Llc holds 0.67% or 1.69M shs. Baker Ellis Asset Limited Co stated it has 0.17% in Schlumberger Limited (NYSE:SLB).

SLB registered $6.93 million net activity with 3 insider purchases and 3 sales since October 24, 2017. Al Mogharbel Khaled bought 3,000 shs worth $192,900. On Tuesday, October 24 Shares for $219,205 were sold by SANDVOLD TORE I. Guild Howard had sold 25,000 shs worth $1.96M. $5.91M worth of stock was sold by AYAT SIMON on Wednesday, January 24. On Monday, March 26 a trade for 5,000 shs valued at $323,950 was made by Schorn Patrick.

In Schlumberger Ltd (SLB) was rose the holdings held by Jean. The reduction is 9.89% according to 2017Q4 Securities and Exchange form. The company’s stock declined 4.39% with the market as First Eagle Investment Management Llc bought 1.72M shares. The oilfield services and equipment company reported $1.29 billion value for the 2017Q4. Now the hedge fund run by Jean is holding 19.13M shares, compared to the 17.41 million from the previous quarter. $94.97B is Schlumberger Ltd’s MC. On during the last trading session the stock increased $0.57 or 0.84%, reaching $68.52.Schlumberger Limited has 9.03M shares volume, 7.67% up from normal. SLB is downtrending and has moved 16.28% since April 17, 2017. SLB underperformed the S&P 500 by 27.83%.

First Eagle Investment Management Llc operates about $42.54B US Long portfolio. It reduced its stake in Randgold Res Ltd (NASDAQ:GOLD) by 55,350 shares to 1.24M shares, valued at $122.68 million in 2017Q4, according to the filing. For a total of 4.65 million shares it reduced its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 339,162 shares in the quarter, and has cut its stake in Colgate Palmolive Co (NYSE:CL).

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Total analysts of 22 have positions in Schlumberger Limited (NYSE:SLB) as follows: 20 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 91%. The firm has $95.0 highest while $70 is the lowest [Target]. The average target $80.33 is 17.24% above the last ($68.52) price. Since October 20, 2017 according to StockzIntelligence Inc Schlumberger Limited has 31 analyst reports. On Monday, October 23 the firm has “Outperform” rating given by Credit Suisse. On Monday, February 12 the firm has “Buy” rating by Griffin Securities given. On Tuesday, January 16 RBC Capital Markets maintained Schlumberger Limited (NYSE:SLB) rating. RBC Capital Markets has “Buy” rating and $80.0 target. On Monday, January 22 the stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given by Jefferies. In Friday, October 20 report Wells Fargo maintained the stock with “Buy” rating. In Thursday, March 15 report Cowen & Co maintained it with “Buy” rating and $81.0 target. In Wednesday, October 25 report Barclays Capital maintained it with “Equal-Weight” rating and $70 target. On Wednesday, October 25 the stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given by Citigroup. On Thursday, December 21 the stock has “Buy” rating by RBC Capital Markets. On Monday, January 22 the rating was upgraded by Atlantic Securities to “Overweight”.

Schlumberger Limited (NYSE:SLB) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.