Zwj Investment Counsel INC Increases Stake in Schlumberger LTD (SLB)

September 16, 2018 - By Richard Doty

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.24, from 1.2 in 2018Q1. It worsened, 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. Stone Ridge Asset Mgmt stated it has 320,888 shares. Kj Harrison Partners Inc reported 10,730 shares or 0.21% of all its holdings. Hartford Mgmt Incorporated has 2,508 shares for 0.06% of their portfolio. Arizona State Retirement System holds 340,290 shares. Waters Parkerson Limited Liability Company reported 306,457 shares or 1.77% of all its holdings. Lakeview Cap Partners Lc invested in 3,570 shares or 0.18% of the stock. Country Club Trust Na holds 1.02% or 124,344 shares. First Natl Trust reported 25,849 shares. Private Wealth Advsr Inc reported 22,677 shares. Forward Mngmt Ltd Liability Corporation accumulated 65,648 shares or 0.72% of the stock. Alexandria Cap Limited Liability Co invested in 61,553 shares. 14,461 were accumulated by Marco Inv Mngmt Lc. Nj State Employees Deferred Compensation Plan holds 0.25% of its portfolio in Schlumberger Limited (NYSE:SLB) for 21,286 shares. 93,881 are held by Richard Bernstein Limited Liability Co. Employees Retirement Of Texas reported 242,992 shares.

Since March 26, 2018, it had 4 insider buys, and 1 sale for $1.43 million activity. Another trade for 3,000 shares valued at $192,900 was made by Al Mogharbel Khaled on Wednesday, March 28. Shares for $323,950 were bought by Schorn Patrick. $646,800 worth of Schlumberger Limited (NYSE:SLB) was bought by KIBSGAARD PAAL. MARKS MICHAEL E bought 8,000 shares worth $482,480.

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 $22.00M, 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 $84.75B market cap company. The stock increased 0.34% or $0.21 during the last trading session, reaching $61.23. About 8.06M shares traded or 20.17% up from the average. Schlumberger Limited (NYSE:SLB) has declined 8.44% since September 16, 2017 and is downtrending. It has underperformed by 24.06% the S&P500.

Zwj Investment Counsel Inc, which manages about $1.35B and $1.16B US Long portfolio, decreased its stake in Lyondellbasell Industries N (NYSE:LYB) by 117,256 shares to 59,094 shares, valued at $6.49 million in 2018Q2, according to the filing.

More news for Schlumberger Limited (NYSE:SLB) were recently published by: Seekingalpha.com, which released: “Schlumberger: Silly Cheap” on September 06, 2018. Seekingalpha.com‘s article titled: “General Electric Is A Wait And Watch Story – Cramer’s Lightning Round (9/13/18)” and published on September 14, 2018 is yet another important article.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 10 analysts covering Schlumberger (NYSE:SLB), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Schlumberger had 14 analyst reports since April 3, 2018 according to SRatingsIntel. The rating was maintained by Susquehanna on Monday, April 23 with “Buy”. Wells Fargo maintained the shares of SLB in report on Thursday, May 24 with “Buy” rating. As per Thursday, June 21, the company rating was maintained by FBR Capital. Credit Suisse maintained Schlumberger Limited (NYSE:SLB) on Monday, April 23 with “Buy” rating. The rating was maintained by SunTrust with “Buy” on Monday, April 23. Citigroup maintained the shares of SLB in report on Wednesday, June 13 with “Buy” rating. The firm earned “Buy” rating on Wednesday, April 4 by Jefferies. The firm earned “Buy” rating on Monday, April 23 by Seaport Global. The company was maintained on Monday, June 25 by Citigroup. Cowen & Co maintained it with “Buy” rating and $7700 target in Friday, April 13 report.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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