As Schlumberger LTD (SLB) Share Price Declined, Fiduciary Management INC Has Raised by $31.40 Million Its Holding

January 20, 2018 - By Darrin Black

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. Country Tru Commercial Bank owns 396,341 shares for 1.25% of their portfolio. Eastern Comml Bank invested in 37,203 shares or 0.18% of the stock. Talara Cap Lc holds 3.48% of its portfolio in Schlumberger Limited (NYSE:SLB) for 96,050 shares. Bainco has invested 0.42% in Schlumberger Limited (NYSE:SLB). The South Carolina-based Canal has invested 1.9% in Schlumberger Limited (NYSE:SLB). Trilogy Advsrs Limited Partnership holds 2.02% or 458,821 shares in its portfolio. New York-based Needham Invest Management Llc has invested 0.22% in Schlumberger Limited (NYSE:SLB). Bollard Group Ltd Liability Com has invested 0.06% in Schlumberger Limited (NYSE:SLB). Barclays Public Ltd Limited Liability Company reported 1.74 million shares. Commerce National Bank owns 0.32% invested in Schlumberger Limited (NYSE:SLB) for 342,332 shares. Jacobs Levy Equity Inc has invested 0.03% of its portfolio in Schlumberger Limited (NYSE:SLB). 11,130 are owned by Whalerock Point Prtn Limited Company. Martin And Incorporated Tn has 24,239 shares. Ci Global Invests holds 0% of its portfolio in Schlumberger Limited (NYSE:SLB) for 2,224 shares. First Bancorp has 0.59% invested in Schlumberger Limited (NYSE:SLB) for 50,000 shares.

Since October 24, 2017, it had 0 insider buys, and 1 sale for $219,205 activity.

Fiduciary Management Inc increased its stake in Schlumberger Ltd. (SLB) by 4.79% based on its latest 2017Q3 regulatory filing with the SEC. Fiduciary Management Inc bought 455,054 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 9.95M shares of the oilfield services and equipment company at the end of 2017Q3, valued at $694.34 million, up from 9.50 million at the end of the previous reported quarter. Fiduciary Management Inc who had been investing in Schlumberger Ltd. for a number of months, seems to be bullish on the $105.86 billion market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $76.42. About 13.39 million shares traded or 42.83% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 20, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Fiduciary Management Inc, which manages about $20.63B and $16.90B US Long portfolio, decreased its stake in Firstcash Inc. by 288,707 shares to 2.74M shares, valued at $172.89M in 2017Q3, according to the filing. It also reduced its holding in 21St Century Fox (NASDAQ:FOXA) by 3.55M shares in the quarter, leaving it with 2.68M shares, and cut its stake in Nestle Sa Adr (NSRGY).

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger’s (SLB) CEO Paal Kibsgaard on Q4 2017 Results – Earnings Call …” on January 19, 2018, also Nasdaq.com with their article: “Earnings Reaction History: Schlumberger Ltd, 50.0% Follow-Through Indicator, 1 …” published on January 19, 2018, Businesswire.com published: “Schlumberger Announces Full-Year and Fourth-Quarter 2017 Results” on January 19, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Livetradingnews.com and their article: “Schlumberger Limited (NYSE:SLB) Stock Overbought” published on January 19, 2018 as well as Seekingalpha.com‘s news article titled: “This Will Be Schlumberger’s Year” with publication date: January 09, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. has $120 highest and $70 lowest target. $83.65’s average target is 9.46% above currents $76.42 stock price. Schlumberger Limited. had 130 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 30 by Cowen & Co. On Monday, July 11 the stock rating was maintained by Jefferies with “Hold”. On Thursday, December 21 the stock rating was maintained by RBC Capital Markets with “Buy”. Piper Jaffray maintained the shares of SLB in report on Friday, October 20 with “Buy” rating. Nomura maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 25. Nomura has “Buy” rating and $88 target. The firm has “Buy” rating by Argus Research given on Tuesday, October 20. The firm earned “Buy” rating on Friday, February 19 by DA Davidson. JP Morgan maintained the shares of SLB in report on Tuesday, September 12 with “Overweight” rating. The rating was downgraded by Barclays Capital to “Equal-Weight” on Wednesday, June 21. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 20.

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