Is Selling Schlumberger Limited. Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling Schlumberger Limited. Here a Winning Strategy? Option Traders Hate The Stock

In today’s session Schlumberger Limited. (SLB) recorded an unusually high (190) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SLB decrease. With 190 contracts traded and 39194 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SLB170120P00062500 closed last at: $0.58 or 0% . About 1.25 million shares traded hands. Schlumberger Limited. (NYSE:SLB) has risen 7.13% since April 5, 2016 and is uptrending. It has outperformed by 5.17% the S&P500.

Schlumberger Limited. (NYSE:SLB) Ratings Coverage

Out of 24 analysts covering Schlumberger Limited. (NYSE:SLB), 19 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 79% are positive. $120 is the highest target while $71 is the lowest. The $88.96 average target is 12.00% above today’s ($79.43) stock price. Schlumberger Limited. has been the topic of 72 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by BMO Capital Markets on Friday, September 4 with “Outperform”. On Tuesday, April 19 the stock rating was maintained by Morgan Stanley with “Overweight”. The rating was maintained by Howard Weil on Monday, October 19 with “Focus Stock”. The stock of Schlumberger Limited. (NYSE:SLB) earned “Sell” rating by Griffen Securities on Monday, April 25. The firm earned “Outperform” rating on Thursday, October 1 by Oppenheimer. The stock has “Overweight” rating given by Barclays Capital on Wednesday, April 20. Nomura maintained the shares of SLB in a report on Tuesday, August 16 with “Buy” rating. On Friday, October 16 the stock rating was maintained by Cowen & Co with “Outperform”. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, January 25 report. Citigroup maintained it with “Buy” rating and $81 target price in Monday, October 5 report.

According to Zacks Investment Research, “Schlumberger Limited is a global technology services company consisting of two business segments, Schlumberger Oilfield Services and SchlumbergerSema. Schlumberger Oilfield Services is the leading provider of exploration and production services, solutions and technology to the international petroleum industry. SchlumbergerSema is a leading information technology services company providing a unique combination of domain expertise and global capabilities delivered on a local basis.”

Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.42, from 1.17 in 2016Q1. The ratio improved, as 60 funds sold all Schlumberger Limited. shares owned while 438 reduced positions. 109 funds bought stakes while 682 increased positions. They now own 1.07 billion shares or 5.14% more from 1.02 billion shares in 2016Q1.
Signaturefd Ltd owns 5,701 shares or 0.07% of their US portfolio. Financial Advisory Service holds 4,386 shares or 0.13% of its portfolio. Cleararc last reported 0.52% of its portfolio in the stock. The United Kingdom-based Gulf Int Bank (Uk) has invested 0.56% in Schlumberger Limited. (NYSE:SLB). Ci Invests Inc has 454,975 shares for 0.44% of their US portfolio. Cambridge Advisors has invested 0.7% of its portfolio in Schlumberger Limited. (NYSE:SLB). Curbstone Fin Management Corporation has 23,686 shares for 0.63% of their US portfolio. Joel Isaacson And Co Ltd Co holds 0.05% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 2,879 shares. Moreover, Quantbot L P has 0.57% invested in Schlumberger Limited. (NYSE:SLB) for 67,356 shares. Fulton Bank Na, a Pennsylvania-based fund reported 11,705 shares. Cornerstone Cap Mgmt Limited Liability Company owns 463,157 shares or 0.29% of their US portfolio. Hourglass Cap Ltd Liability holds 90,894 shares or 1.78% of its portfolio. Suntrust Banks holds 0.54% or 1.12M shares in its portfolio. Cobiz Inv Ltd Liability holds 1.24% or 62,302 shares in its portfolio. Brookfield Asset Management accumulated 0% or 2,620 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 buy, and 11 insider sales for $11.32 million net activity. Shares for $80,620 were sold by Laureles Saul R. on Monday, July 25. Another trade for 32,857 shares valued at $2.63M was made by KIBSGAARD PAAL on Thursday, June 9. Olayan Lubna S. bought $115,605 worth of stock or 1,500 shares. 9,128 shares were sold by Schorn Patrick, worth $732,705 on Tuesday, June 7. On Wednesday, July 27 Rowe Robert Scott sold $645,281 worth of the stock or 8,001 shares. Another trade for 13,600 shares valued at $1.10M was made by MARKS MICHAEL E on Monday, August 29. 4,227 shares were sold by Biguet Stephane, worth $331,904 on Tuesday, August 2.

Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international gas and oil exploration and production industry. The company has a market cap of $110.51 billion. The Firm operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. It currently has negative earnings. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

SLB Company Profile

Schlumberger N.V., incorporated on November 6, 1956, is a supplier of technology, integrated project management and information solutions to the international gas and oil exploration and production industry. The Firm operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production.

Another recent and important Schlumberger Limited. (NYSE:SLB) news was published by Etfdailynews.com which published an article titled: “Schlumberger Limited Posts Mixed Q3 Earnings, Sees Oil Markets Improving” on October 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: ,

Related posts

Leave a Comment