Ngam Advisors LP Has Upped Schlumberger LTD (SLB) Holding by $23.42 Million as Valuation Declined

March 14, 2018 - By Nellie Frank

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. Gamco Invsts Et Al has invested 0.02% of its portfolio in Schlumberger Limited (NYSE:SLB). Moreover, Telemus Capital Ltd Company has 0.57% invested in Schlumberger Limited (NYSE:SLB). Lee Danner And Bass Inc reported 0.97% of its portfolio in Schlumberger Limited (NYSE:SLB). Marshwinds Advisory holds 0.63% of its portfolio in Schlumberger Limited (NYSE:SLB) for 19,395 shares. Reaves W H & Incorporated holds 0.09% or 35,847 shares. Sta Wealth Limited Liability has invested 0.21% in Schlumberger Limited (NYSE:SLB). Colonial owns 1.18% invested in Schlumberger Limited (NYSE:SLB) for 76,820 shares. Amer & Management Company invested in 956 shares. Montgomery Investment Mgmt owns 20,566 shares. Arizona State Retirement Sys owns 373,544 shares. Moreover, Sawgrass Asset Management Limited Liability Corporation has 0.07% invested in Schlumberger Limited (NYSE:SLB). Mitchell Inc holds 243,683 shares or 2.68% of its portfolio. Portland Advsr Ltd Liability Company has 0.73% invested in Schlumberger Limited (NYSE:SLB). Hall Laurie J Trustee stated it has 0.69% in Schlumberger Limited (NYSE:SLB). 1St Source National Bank & Trust holds 0.31% or 53,401 shares.

Since October 24, 2017, it had 0 insider buys, and 3 insider sales for $8.09 million activity. Guild Howard had sold 25,000 shares worth $1.96M. SANDVOLD TORE I also sold $219,205 worth of Schlumberger Limited (NYSE:SLB) shares.

Ngam Advisors Lp increased its stake in Schlumberger Ltd (SLB) by 37.11% based on its latest 2017Q3 regulatory filing with the SEC. Ngam Advisors Lp bought 339,359 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 1.25 million shares of the oilfield services and equipment company at the end of 2017Q3, valued at $87.47M, up from 914,510 at the end of the previous reported quarter. Ngam Advisors Lp who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $92.35B market cap company. The stock decreased 0.76% or $0.51 during the last trading session, reaching $66.63. About 2.97M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since March 14, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Ngam Advisors Lp, which manages about $16.78B and $9.47B US Long portfolio, decreased its stake in Goldman Sachs Group Inc (NYSE:GS) by 13,868 shares to 121,858 shares, valued at $28.90M in 2017Q3, according to the filing. It also reduced its holding in Prosperity Bancshares Inc (NYSE:PB) by 77,447 shares in the quarter, leaving it with 70,840 shares, and cut its stake in Clean Harbors Inc (NYSE:CLH).

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 140 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Thursday, July 20. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by RBC Capital Markets on Wednesday, July 5. The firm has “Buy” rating by Jefferies given on Friday, August 25. As per Wednesday, June 21, the company rating was maintained by BMO Capital Markets. On Monday, May 23 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The firm has “Market Perform” rating given on Wednesday, October 11 by BMO Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Tuesday, April 26. Argus Research maintained Schlumberger Limited (NYSE:SLB) on Tuesday, October 20 with “Buy” rating. The company was maintained on Monday, January 25 by Cowen & Co. Suntrust Robinson upgraded the shares of SLB in report on Thursday, April 20 to “Buy” rating.

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