Schlumberger LTD (SLB) Shareholder Icon Advisers INC Has Cut Stake

March 21, 2018 - By Migdalia James

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It has no change, 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. Bender Robert Associate accumulated 4,142 shares. 5,298 are held by Buckingham Asset Mgmt Limited Liability Corporation. Harbour Management Limited Liability Co reported 18,925 shares. Crestwood Group Inc Lc reported 233,741 shares stake. The Washington-based Brighton Jones has invested 0.08% in Schlumberger Limited (NYSE:SLB). Metropolitan Life has invested 0.29% in Schlumberger Limited (NYSE:SLB). Carroll Financial Associate has 0.06% invested in Schlumberger Limited (NYSE:SLB) for 7,080 shares. Merriman Wealth Mngmt Ltd Co reported 59,585 shares. Community Financial Ltd Liability Co has invested 1.81% of its portfolio in Schlumberger Limited (NYSE:SLB). 3,265 are owned by Weik Invest. Marshall Wace Ltd Liability Partnership reported 11,964 shares stake. Invesco has 0.12% invested in Schlumberger Limited (NYSE:SLB) for 4.69 million shares. Indexiq Advsr Ltd Liability Company has invested 0.01% in Schlumberger Limited (NYSE:SLB). Wealthtrust reported 0.03% of its portfolio in Schlumberger Limited (NYSE:SLB). Natl Pension Serv reported 0.42% in Schlumberger Limited (NYSE:SLB).

Since October 24, 2017, it had 0 insider purchases, and 3 insider sales for $8.09 million activity. 75,000 Schlumberger Limited (NYSE:SLB) shares with value of $5.91 million were sold by AYAT SIMON. Another trade for 25,000 shares valued at $1.96M was sold by Guild Howard.

Icon Advisers Inc decreased its stake in Schlumberger Ltd. (SLB) by 24.93% based on its latest 2017Q3 regulatory filing with the SEC. Icon Advisers Inc sold 82,600 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 248,750 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $17.35M, down from 331,350 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in Schlumberger Ltd. for a number of months, seems to be less bullish one the $91.29 billion market cap company. The stock increased 0.47% or $0.31 during the last trading session, reaching $65.87. About 71,724 shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since March 21, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Icon Advisers Inc, which manages about $2.21B and $1.42 billion US Long portfolio, upped its stake in Deluxe Corp. (NYSE:DLX) by 43,500 shares to 91,400 shares, valued at $6.67 million in 2017Q3, according to the filing. It also increased its holding in Federated Prem Intr Mun Inc Fd (FPT) by 296,583 shares in the quarter, for a total of 350,139 shares, and has risen its stake in U.S. Silica Holdings Inc. (NYSE:SLCA).

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 20 before the open. They expect $0.40 EPS, up 60.00 % or $0.15 from last year’s $0.25 per share. SLB’s profit will be $554.38 million for 41.17 P/E if the $0.40 EPS becomes a reality. After $0.48 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

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. Suntrust Robinson initiated Schlumberger Limited (NYSE:SLB) on Wednesday, January 18 with “Hold” rating. FBR Capital maintained Schlumberger Limited (NYSE:SLB) on Monday, September 21 with “Outperform” rating. As per Tuesday, November 15, the company rating was upgraded by Jefferies. The stock has “Buy” rating by RBC Capital Markets on Friday, October 13. The rating was maintained by Citigroup with “Buy” on Wednesday, March 23. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Thursday, January 4 by Jefferies. On Wednesday, October 25 the stock rating was maintained by Barclays Capital with “Equal-Weight”. On Friday, May 5 the stock rating was maintained by Bernstein with “Hold”. Citigroup maintained Schlumberger Limited (NYSE:SLB) on Monday, October 5 with “Buy” rating. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, March 15. Cowen & Co has “Buy” rating and $81.0 target.

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