Zwj Investment Counsel INC Increased Its Holding in Schlumberger LTD (SLB) as Stock Declined

September 16, 2018 - By Matthew Richard

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment decreased to 0.96 in 2018 Q2. Its down 0.24, from 1.2 in 2018Q1. It turned negative, 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. Tradewinds Mngmt Ltd Liability invested in 0.04% or 1,497 shares. Bellecapital holds 51,857 shares. Capital Advsr Ok invested in 0.02% or 4,214 shares. 5,000 were reported by Needham Invest Lc. 11,425 were accumulated by Mitchell Mcleod Pugh Williams. Portland Advsr Lc invested in 0.72% or 28,240 shares. Guinness Asset Management holds 158,700 shares or 2.08% of its portfolio. State Of Wisconsin Investment Board has invested 0.31% in Schlumberger Limited (NYSE:SLB). Michigan-based Insight 2811 has invested 0.51% in Schlumberger Limited (NYSE:SLB). New York-based Blackrock has invested 0.27% in Schlumberger Limited (NYSE:SLB). Calamos Advsrs Lc owns 1.17M shares. Chevy Chase Tru Hldg invested in 1.61 million shares or 0.47% of the stock. Birinyi Assocs has 4,336 shares. Boston Family Office Ltd Liability Com holds 0.63% or 82,878 shares in its portfolio. Haverford Fincl Svcs holds 2.2% or 87,338 shares.

Since March 26, 2018, it had 4 buys, and 1 sale for $1.43 million activity. $323,950 worth of Schlumberger Limited (NYSE:SLB) shares were bought by Schorn Patrick. Shares for $482,480 were bought by MARKS MICHAEL E on Thursday, September 6. KIBSGAARD PAAL had bought 10,000 shares worth $646,800. Another trade for 3,000 shares valued at $218,049 was sold by Jaramillo Claudia.

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 $22.00 million, 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 8.06 million 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 Verifone Sys Inc (NYSE:PAY) by 736,497 shares to 32,510 shares, valued at $742,000 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 stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Jefferies on Wednesday, April 4. Credit Suisse maintained Schlumberger Limited (NYSE:SLB) on Monday, July 23 with “Outperform” rating. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) on Friday, April 13 with “Buy” rating. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Citigroup on Wednesday, June 13. Citigroup maintained Schlumberger Limited (NYSE:SLB) on Monday, July 23 with “Buy” rating. SunTrust upgraded the stock to “Buy” rating in Tuesday, April 3 report. The stock has “Buy” rating by Credit Suisse on Monday, April 23. The stock has “Buy” rating by Susquehanna on Monday, April 23. As per Thursday, June 21, the company rating was maintained by FBR Capital. SunTrust maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 23. SunTrust has “Buy” rating and $8200 target.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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