Bright Rock Capital Management LLC Raises Holdings in Schlumberger NV (SLB)

Gladys Abbott
October 22, 2017

On 7/24/2017 Helge Lund, Director, bought 2,800 with an average share price of $66.78 per share and the total transaction amounting to $186,984.00. (TLF) has risen 24.11% since October 21, 2016 and is uptrending. It has underperformed by 17.22% the S&P500.

Cadence Capital Management Llc decreased Schlumberger Ltd (SLB) stake by 10.52% reported in 2017Q2 SEC filing. The stock has been active on the tape, now trading at $64.50, down from yesterday's close by -2.14%. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.52% with $1.38 Billion sitting short, betting on future declines. On average, equities analysts anticipate that Schlumberger N.V. will post $1.15 EPS for the current fiscal year. The stock increased 1.12% or $2.08 on October 20, reaching $188.5.

On 8/11/2017 Michael E Marks, Director, bought 8,000 with an average share price of $64.20 per share and the total transaction amounting to $513,600.00. (NYSE SLB) traded down 3.0468% on Friday, hitting $62.5348. It has underperformed by 20.00% the S&P500.

While Schlumberger warning of slowdown for its North America oil business, it has a positive outlook for its global business. Beacon Financial Grp has invested 0.24% in Schlumberger Limited.

Schlumberger Limited (SLB)'s earnings per share has been growing at a -18.9 percent rate over the past 5 year when average revenue increase was noted as -5.3 percent. Jefferies maintained the shares of SLB in report on Friday, April 7 with "Buy" rating. Therefore 76% are positive.

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FT reports, The 30 analysts offering 12 month price targets for Schlumberger Limited. have a median target of 78.00, with a high estimate of 95.00 and a low estimate of 63.00.

More notable recent Schlumberger Limited. The rating was maintained by BMO Capital Markets with "Outperform" on Friday, September 4. (NYSE:SLB) on Tuesday, June 27 to "Neutral" rating. On Thursday, October 1 the stock rating was maintained by Oppenheimer with "Outperform". The rating was upgraded by Barclays Capital on Wednesday, April 20 to "Overweight". The firm earned "Hold" rating on Monday, July 11 by Jefferies. HSBC maintained it with "Buy" rating and $96 target in Thursday, September 3 report. A rating of 4 or 5 would represent a Sell recommendation. (NYSE:SLB) rating on Wednesday, October 21. Its up 5.11% from 7.32M shares previously. Following the completion of the sale, the vice president now owns 10,108 shares in the company, valued at $805,910.84. This is an increase over its earnings per share of 35 cents from the same period of the year prior.

Since May 30, 2017, it had 1 insider purchase, and 2 sales for $2.87 million activity. 1,200 shares were sold by Grow Lisa A, worth $106,349 on Tuesday, June 6. That suggests something of the likelihood of a short squeeze in shares of SLB. $3.25M worth of CIGNA Corporation (NYSE:CI) was sold by Jones Nicole S. ZOLLARS WILLIAM D also sold $320,269 worth of CIGNA Corporation (NYSE:CI) shares.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1. 38 funds opened positions while 88 raised stakes. Legacy Cap Partners invested in 0.73% or 20,499 shares. The legal version of this piece of content can be viewed at State Farm Mutual Automobile Insur holds 7.04 million shares or 0.64% of its portfolio. Indiana Invest Co holds 11,268 shares or 0.36% of its portfolio. 135,098 were reported by Reilly Fin Advisors Limited Liability Corp. Pathstone Family Office Limited Liability Company invested in 19 shares. Levin Cap Strategies LP stated it has 0.02% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 153,858 shares. Hwg Ltd Partnership invested in 261 shares. (NYSE:SLB). Fiduciary Mgmt Inc Wi owns 9.50M shares for 3.75% of their portfolio. Weybosset & Management Lc reported 0.23% in Schlumberger Limited. (NYSE:SLB). Voloridge Investment Llc invested 0.06% of its portfolio in Schlumberger Limited. Share performance for the month is now at -1.62%. HOV's SI was 7.69 million shares in October as released by FINRA. More interesting news about AT&T Inc.'s news article titled: "Bachoco Share Valuation: Chicken-Feed Price" with publication date: January 31, 2014 was also an interesting one. Stock Is not the Dividend Stock You Think It Is" with publication date: "October 19, 2017. Its down 0.29, from 1.17 in 2017Q1. Meeder Asset invested in 0% or 489 shares.

Several hedge funds have recently added to or reduced their stakes in the stock. Greenwood Capital Assoc Ltd Limited Liability Company stated it has 0.8% in Schlumberger Limited. Metropolitan Life Insurance holds 2.98M shares. (NYSE:SLB). Asset Strategies Incorporated accumulated 1.33% or 68,144 shares.

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