Economy

Westpac Banking Corp Sells 3294 Shares of Schlumberger Limited. (SLB)

It has outperformed by 11.01% the S&P500.

Northern Cross Llc increased Schlumberger Ltd (SLB) stake by 1.88% reported in 2017Q3 SEC filing. First Eagle Investment Management LLC now owns 16,025,764 shares of the oil and gas company's stock valued at $1,055,136,000 after acquiring an additional 8,167,945 shares during the last quarter. The institutional investor held 288,270 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $20.11 million, down from 299,941 at the end of the previous reported quarter. Ntv Asset Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $104.92B market cap company. The stock increased 1.19% or $0.89 during the last trading session, reaching $75.79. About 9.78M shares traded or 10.91% up from the average. (NYSE:SLB) last released its quarterly earnings data on Friday, January 20th. It has underperformed by 20.00% the S&P500. Curbstone Financial Management Corp raised its stake in shares of Schlumberger by 117.7% during the third quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB.

Schlumberger Limited (NYSE:SLB) has a beta of 0.97, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. Texas Capital National Bank Inc Tx stated it has 0.6% of its portfolio in Schlumberger Limited (NYSE:SLB).

Shares of Schlumberger (NYSE SLB) opened at $74.90 on Friday. Sand Hill Advsrs reported 63,061 shares. Virtu Fincl Ltd Liability Corporation has 0.03% invested in Schlumberger Limited (NYSE:SLB). Zurcher Kantonalbank (Zurich Cantonalbank) owns 598,394 shares. The oil and gas company reported $0.42 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.42. Pitcairn Company owns 11,485 shares or 0.09% of their USA portfolio.

News coverage about Schlumberger (NYSE:SLB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Cardinal Capital Mgmt accumulated 44,050 shares or 0.97% of the stock. Mcrae Capital Mgmt holds 0.17% or 5,556 shares. Atlanta Mngmt L L C has 0.03% invested in Schlumberger Limited (NYSE:SLB). Wendell David Assocs holds 17,406 shares or 0.21% of its portfolio. Schlumberger's revenue for the quarter was up 12.6% on a year-over-year basis. equities analysts predict that Schlumberger Limited. will post 1.46 earnings per share for the current fiscal year. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. Has $22.63 Million Position in Schlumberger Limited. The firm has "Buy" rating by Citigroup given on Wednesday, October 21. Montrusco Bolton has invested 0.3% in Schlumberger Limited (NYSE:SLB). Griffen Securities downgraded the shares of SLB in report on Monday, April 25 to "Sell" rating. As per Tuesday, November 15, the company rating was upgraded by Jefferies. The firm has "Buy" rating by Argus Research given on Tuesday, October 20. Royal Bank of Canada set a $86.00 price target on Schlumberger and gave the stock a "buy" rating in a research note on Saturday, October 7th. The rating was maintained by RBC Capital Markets with "Buy" on Thursday, June 1. BMO Capital Markets has "Outperform" rating and $78 target. Finally, Jefferies Group reiterated a "buy" rating and issued a $80.00 price objective on shares of Schlumberger in a research report on Friday, September 29th. The rating was downgraded by Guggenheim to "Neutral" on Tuesday, June 27.

Since August 4, 2017, it had 0 insider purchases, and 6 selling transactions for $2.69 million activity. SLB's profit will be $623.36 million for 42.13 P/E if the $0.45 EPS becomes a reality. After having $0.42 EPS previously, Schlumberger Limited's analysts see 7.14 % EPS growth. Therefore 40% are positive. AMETEK had 50 analyst reports since August 5, 2015 according to SRatingsIntel. Scotia Capital maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, March 23. The company was maintained on Wednesday, January 3 by RBC Capital Markets. Susquehanna initiated Copart, Inc. On Friday, October 20 the stock rating was maintained by Wells Fargo with "Buy". Credit Suisse has "Outperform" rating and $80 target. The stock of Copart, Inc. (NYSE:TV) has "Hold" rating given on Friday, September 4 by TheStreet. The firm has "Buy" rating given on Thursday, July 20 by Piper Jaffray. Fifth Third Bancorp, a Ohio-based fund reported 3,000 shares. The company presently has an average rating of "Buy" and an average target price of $79.37. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. Its down 8.13, from 9.26 in 2017Q2. Ahl Prns Llp invested in 24,099 shares. 58 funds opened positions while 95 raised stakes. Asset Management accumulated 23,040 shares. Dekabank Deutsche Girozentrale invested 0% of its portfolio in Retrophin, Inc.

Aflac Incorporated, through its subsidiary, American Family Life Assurance Company of Columbus, provides supplemental health and life insurance products. (NASDAQ:RTRX) or 88,000 shares. Homrich And Berg owns 18,056 shares for 0.1% of their portfolio. Marco Invest Management Ltd Liability, Georgia-based fund reported 25,758 shares. Smithfield Trust reported 0.02% in Copart, Inc. Spc stated it has 4,387 shares. Atria Ltd Liability Corporation holds 8,913 shares or 0.02% of its portfolio. Rock Springs Capital LP has invested 0.46% in Retrophin, Inc. JOHNSON DOUGLAS WAYNE sold 1,500 shares worth $125,363. Provise Management Group Llc owns 69,791 shares or 0.15% of their United States portfolio. Miles holds 0.6% or 13,093 shares.



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