First Eagle Investment Management LLC Lifted Its Schlumberger LTD (SLB) Holding by $7.61 Million

July 11, 2018 - By Nellie Frank

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment increased to 1.2 in 2018 Q1. Its up 0.54, from 0.66 in 2017Q4. It is positive, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Cibc Mkts Corporation holds 0.12% or 179,402 shares in its portfolio. 13,824 were accumulated by Evanson Asset Mngmt Limited Liability Company. 3,106 are owned by Parkside Fincl Bank And Tru. Sg Americas Secs Lc owns 293,190 shares. Perkins Coie Tru Company holds 1,536 shares. Smith Moore & Co has invested 0.18% in Schlumberger Limited (NYSE:SLB). Capital Intll Ca invested in 0.61% or 64,904 shares. Wealthtrust invested 0.02% of its portfolio in Schlumberger Limited (NYSE:SLB). Northern Trust holds 18.15M shares or 0.31% of its portfolio. 258,854 were reported by Natixis. Chilton Capital Management Limited Liability Corp owns 160,207 shares. Cap Guardian Tru Com accumulated 0.73% or 804,067 shares. Sterneck Capital Management Lc accumulated 4,962 shares. Huntington Commercial Bank holds 173,938 shares or 0.19% of its portfolio. Cibc World Mkts reported 0.01% stake.

Since January 22, 2018, it had 3 buys, and 3 insider sales for $6.93 million activity. Jaramillo Claudia sold 3,000 shares worth $218,049. AYAT SIMON also sold $5.91 million worth of Schlumberger Limited (NYSE:SLB) shares. $646,800 worth of Schlumberger Limited (NYSE:SLB) was bought by KIBSGAARD PAAL. The insider Guild Howard sold 25,000 shares worth $1.96 million. On Monday, March 26 the insider Schorn Patrick bought $323,950.

Jean increased its stake in Schlumberger Ltd (SLB) by 0.62% based on its latest 2018Q1 regulatory filing with the SEC. First Eagle Investment Management Llc bought 118,890 shares as the company’s stock rose 2.80% while stock markets declined. The hedge fund run by Jean held 19.25 million shares of the oilfield services and equipment company at the end of 2018Q1, valued at $1.25B, up from 19.13 million at the end of the previous reported quarter. First Eagle Investment Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $94.66B market cap company. The stock decreased 1.65% or $1.15 during the last trading session, reaching $68.34. About 7.42 million shares traded or 4.13% up from the average. Schlumberger Limited (NYSE:SLB) has declined 1.14% since July 11, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

First Eagle Investment Management Llc, which manages about $40.13B US Long portfolio, decreased its stake in M & T Bk Corp (NYSE:MTB) by 41,739 shares to 7,032 shares, valued at $1.30M in 2018Q1, according to the filing. It also reduced its holding in Deere & Co (NYSE:DE) by 88,901 shares in the quarter, leaving it with 4.83 million shares, and cut its stake in Spdr Gold Trust (GLD).

Another recent and important Schlumberger Limited (NYSE:SLB) news was published by which published an article titled: “Schlumberger: Another Win” on June 24, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 17 analysts covering Schlumberger Limited (NYSE:SLB), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Schlumberger Limited had 25 analyst reports since January 15, 2018 according to SRatingsIntel. The company was maintained on Monday, January 22 by Jefferies. The firm has “Buy” rating given on Monday, April 23 by Credit Suisse. Susquehanna maintained the shares of SLB in report on Monday, January 22 with “Buy” rating. The firm has “Buy” rating by Seaport Global given on Monday, January 22. FBR Capital maintained the stock with “Buy” rating in Thursday, June 21 report. Citigroup maintained Schlumberger Limited (NYSE:SLB) rating on Wednesday, June 13. Citigroup has “Buy” rating and $79 target. SunTrust upgraded Schlumberger Limited (NYSE:SLB) on Tuesday, April 3 to “Buy” rating. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Susquehanna on Monday, April 23. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, February 26 by Bank of America. Seaport Global maintained Schlumberger Limited (NYSE:SLB) on Monday, April 23 with “Buy” rating.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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