Ngam Advisors LP Continues to Hold Stake in Schlumberger LTD (SLB)

July 14, 2018 - By Yee Bell

Schlumberger Limited (NYSE:SLB) LogoInvestors sentiment increased to 1.2 in 2018 Q1. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Lau Ltd Liability Co holds 0.31% or 6,187 shares in its portfolio. Td Asset Inc holds 1.48 million shares. Howard reported 180,400 shares. 11,746 were reported by Insight 2811. Regentatlantic Ltd Liability holds 5,502 shares or 0.03% of its portfolio. Nikko Asset Americas Inc reported 1.03% stake. Meritage Portfolio Mgmt accumulated 13,900 shares. Outfitter Advsr Ltd owns 0.53% invested in Schlumberger Limited (NYSE:SLB) for 17,840 shares. 56,375 are owned by Summit Finance Wealth Ltd Liability Corporation. Mgmt reported 0.2% stake. Cohen And Steers accumulated 416,720 shares. Exchange Management holds 56 shares. Investor Ab reported 10,000 shares or 0.04% of all its holdings. Ohio-based Lenox Wealth Incorporated has invested 0.02% in Schlumberger Limited (NYSE:SLB). Chase Invest Counsel accumulated 0.14% or 4,255 shares.

Since January 22, 2018, it had 3 insider buys, and 3 sales for $6.93 million activity. KIBSGAARD PAAL had bought 10,000 shares worth $646,800. Another trade for 75,000 shares valued at $5.91M was made by AYAT SIMON on Wednesday, January 24. Shares for $192,900 were bought by Al Mogharbel Khaled. On Wednesday, May 16 Jaramillo Claudia sold $218,049 worth of Schlumberger Limited (NYSE:SLB) or 3,000 shares. $323,950 worth of Schlumberger Limited (NYSE:SLB) was bought by Schorn Patrick on Monday, March 26.

Ngam Advisors Lp increased its stake in Schlumberger Ltd (SLB) by 8.33% based on its latest 2018Q1 regulatory filing with the SEC. Ngam Advisors Lp bought 107,604 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 1.40 million shares of the oilfield services and equipment company at the end of 2018Q1, valued at $90.61M, up from 1.29 million 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 $94.30B market cap company. The stock increased 0.90% or $0.61 during the last trading session, reaching $68.08. About 4.61M shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since July 14, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Ngam Advisors Lp, which manages about $16.78 billion and $10.13B US Long portfolio, decreased its stake in Aon Plc Shs (NYSE:AON) by 24,798 shares to 159,555 shares, valued at $22.39M in 2018Q1, according to the filing. It also reduced its holding in Cisco Sys Inc (NASDAQ:CSCO) by 102,071 shares in the quarter, leaving it with 3.48 million shares, and cut its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Another recent and important Schlumberger Limited (NYSE:SLB) news was published by Seekingalpha.com which published an article titled: “Schlumberger: Another Win” on June 24, 2018.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Among 17 analysts covering Schlumberger Limited (NYSE:SLB), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. Schlumberger Limited has $95.0 highest and $75.0 lowest target. $81.67’s average target is 19.96% above currents $68.08 stock price. Schlumberger Limited had 25 analyst reports since January 15, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Friday, April 13 by Cowen & Co. As per Monday, February 12, the company rating was upgraded by Griffin Securities. Seaport Global maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 23. Seaport Global has “Buy” rating and $7600 target. The rating was upgraded by Atlantic Securities on Monday, January 22 to “Overweight”. The rating was maintained by Jefferies on Wednesday, April 4 with “Buy”. Citigroup maintained it with “Buy” rating and $78 target in Monday, June 25 report. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Bank of America on Monday, February 26. The firm has “Buy” rating by SunTrust given on Tuesday, April 3. As per Thursday, May 24, the company rating was maintained by Wells Fargo. The firm earned “Buy” rating on Tuesday, January 16 by RBC Capital Markets.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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