Schlumberger LTD (SLB) Position Has Lifted by Zwj Investment Counsel Inc

September 16, 2018 - By Michael Collier

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.24, from 1.2 in 2018Q1. It fall, 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. Keybank Association Oh accumulated 532,259 shares. Montag & Caldwell Lc, a Georgia-based fund reported 3,600 shares. Riverpark Capital Ltd Llc holds 184,976 shares or 2.48% of its portfolio. Connors Investor Service, a Pennsylvania-based fund reported 126,494 shares. Mason Street Advisors Ltd Llc holds 0.29% in Schlumberger Limited (NYSE:SLB) or 194,338 shares. Energy Opportunities Capital Mgmt Ltd Liability Co owns 4.37% invested in Schlumberger Limited (NYSE:SLB) for 106,911 shares. Sawgrass Asset Mgmt Limited Liability Com has 0.06% invested in Schlumberger Limited (NYSE:SLB). Crossvault Management Lc holds 1.6% of its portfolio in Schlumberger Limited (NYSE:SLB) for 44,685 shares. Renaissance Investment Grp Inc Lc invested in 6,075 shares or 0.16% of the stock. Asset Advsrs Corp holds 0.06% of its portfolio in Schlumberger Limited (NYSE:SLB) for 5,500 shares. Zacks Mgmt owns 418,538 shares for 0.61% of their portfolio. Private Advisor Grp Ltd Liability Corporation stated it has 28,977 shares. Fjarde Ap invested in 0.4% or 391,643 shares. Moreover, Comerica Savings Bank has 0.29% invested in Schlumberger Limited (NYSE:SLB). First Republic Mngmt stated it has 720,319 shares.

Since March 26, 2018, it had 4 insider buys, and 1 insider sale for $1.43 million activity. $218,049 worth of Schlumberger Limited (NYSE:SLB) shares were sold by Jaramillo Claudia. Al Mogharbel Khaled had bought 3,000 shares worth $192,900 on Wednesday, March 28. 5,000 shares valued at $323,950 were bought by Schorn Patrick on Monday, March 26. The insider MARKS MICHAEL E bought $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 $84.75 billion 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 $1.16 billion 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. Jefferies maintained Schlumberger Limited (NYSE:SLB) on Wednesday, April 4 with “Buy” rating. As per Monday, April 23, the company rating was maintained by Susquehanna. The firm has “Buy” rating given on Wednesday, June 13 by Citigroup. The rating was upgraded by SunTrust on Tuesday, April 3 to “Buy”. The company was maintained on Monday, July 23 by Citigroup. Credit Suisse maintained the stock with “Outperform” rating in Monday, July 23 report. Seaport Global maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 23. Seaport Global has “Buy” rating and $7600 target. Credit Suisse maintained it with “Buy” rating and $8000 target in Monday, April 23 report. The rating was maintained by SunTrust with “Buy” on Monday, April 23. The rating was maintained by Cowen & Co on Friday, April 13 with “Buy”.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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