Cambiar Investors LLC Increases Holding in Schlumberger LTD (SLB)

March 19, 2018 - By wolcottdaily

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is the same, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Cardinal Cap Mgmt has 0.97% invested in Schlumberger Limited (NYSE:SLB). The Wisconsin-based Schaper Benz & Wise Invest Counsel Wi has invested 0.08% in Schlumberger Limited (NYSE:SLB). 46,334 were reported by Kynikos Assoc Ltd Partnership. Fmr Ltd Company accumulated 17.94M shares. Guyasuta Advisors reported 170,731 shares. 10 has invested 2.6% in Schlumberger Limited (NYSE:SLB). 14,114 were accumulated by Proffitt & Goodson Inc. Roanoke Asset Ny reported 40,815 shares or 1.34% of all its holdings. Lee Danner & Bass has invested 0.97% of its portfolio in Schlumberger Limited (NYSE:SLB). Hawkins Capital Lp accumulated 10,100 shares. Rosenbaum Jay D has 18,590 shares. Roundview Capital Lc has invested 0.2% in Schlumberger Limited (NYSE:SLB). Hayek Kallen Mgmt owns 27,765 shares for 1.33% of their portfolio. Westfield Capital Management Co Limited Partnership has 4,824 shares for 0% of their portfolio. Paloma Prtnrs Management has 53,529 shares.

Since October 24, 2017, it had 0 buys, and 3 selling transactions for $8.09 million activity. Shares for $219,205 were sold by SANDVOLD TORE I. Shares for $1.96M were sold by Guild Howard on Monday, January 22.

Cambiar Investors Llc increased its stake in Schlumberger Ltd (SLB) by 0.89% based on its latest 2017Q3 regulatory filing with the SEC. Cambiar Investors Llc bought 44,122 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 4.98 million shares of the oilfield services and equipment company at the end of 2017Q3, valued at $347.33M, up from 4.93 million at the end of the previous reported quarter. Cambiar Investors Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $91.61 billion market cap company. The stock increased 1.15% or $0.75 during the last trading session, reaching $66.1. About 9.39 million shares traded or 5.02% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since March 19, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Cambiar Investors Llc, which manages about $8.42B and $6.37B US Long portfolio, decreased its stake in Coca Cola Co (NYSE:KO) by 164,806 shares to 1.27 million shares, valued at $57.24 million in 2017Q3, according to the filing. It also reduced its holding in Pnm Res Inc (NYSE:PNM) by 200,430 shares in the quarter, leaving it with 270,799 shares, and cut its stake in Umpqua Hldgs Corp (NASDAQ:UMPQ).

Another recent and important Schlumberger Limited (NYSE:SLB) news was published by which published an article titled: “Double-Digit Growth Fuels Schlumberger’s 20% Upside” on March 16, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 141 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. Standpoint Research upgraded it to “Hold” rating and $90.0 target in Wednesday, August 26 report. Cowen & Co maintained the stock with “Buy” rating in Friday, July 7 report. The stock has “Buy” rating by Cowen & Co on Friday, October 6. On Friday, September 29 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Cowen & Co with “Buy” on Wednesday, August 30. Citigroup maintained the shares of SLB in report on Wednesday, March 23 with “Buy” rating. The firm earned “Conviction Buy” rating on Monday, May 23 by Goldman Sachs. Guggenheim downgraded Schlumberger Limited (NYSE:SLB) on Tuesday, June 27 to “Neutral” rating. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Thursday, September 3 by HSBC.

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