Institutional Investors Lead Shift in Schlumberger LTD (NYSE:SLB) Sentiment

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Sentiment for Schlumberger LTD (NYSE:SLB)

Schlumberger LTD (NYSE:SLB) institutional sentiment decreased to 0.82 in 2019 Q2. Its down -0.34, from 1.16 in 2019Q1. The ratio turned negative, as 438 institutional investors started new and increased positions, while 533 cut down and sold their positions in Schlumberger LTD. The institutional investors in our partner’s database now possess: 1.01 billion shares, up from 1.01 billion shares in 2019Q1. Also, the number of institutional investors holding Schlumberger LTD in their top 10 positions increased from 14 to 15 for an increase of 1. Sold All: 84 Reduced: 449 Increased: 341 New Position: 97.

Schlumberger Limited supplies technology services and products to the gas and oil exploration and production industry worldwide. The company has market cap of $51.58 billion. The Company’s Reservoir Characterization Group segment provides reservoir imaging, monitoring, and development services; wireline technologies for open and cased-hole services; slickline services; exploration and production pressure and flow-rate measurement services comprising surface and downhole services; software integrated solutions, such as software, consulting, information management, and IT infrastructure services; consulting services for reservoir characterization, field development planning, and production enhancement; and petrotechnical data services and training solutions, as well as integrated management services. It has a 25.03 P/E ratio. The Company’s Drilling Group segment designs, makes, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems; provides pressure drilling and underbalanced drilling solutions, and environmental services and products; mud logging services; land drilling rigs and support services; and well planning and drilling, engineering, supervision, logistics, procurement, contracting, and drilling rig management services, as well as bottom-hole-assembly, borehole-enlargement technologies, impact tools, tubulars, and tubular services.

The stock increased 1.07% or $0.39 during the last trading session, reaching $37.29. About 6.85 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 40.86% since September 13, 2018 and is downtrending. It has underperformed by 40.86% the S&P500.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on October, 18 before the open. They expect $0.41 EPS, down 10.87 % or $0.05 from last year’s $0.46 per share. SLB’s profit will be $567.11 million for 22.74 P/E if the $0.41 EPS becomes a reality. After $0.35 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 17.14 % EPS growth.

Q Global Advisors Llc holds 18.41% of its portfolio in Schlumberger Limited for 457,484 shares. Sequent Asset Management Llc owns 335,762 shares or 9.63% of their US portfolio. Moreover, Holowesko Partners Ltd. has 9.52% invested in the company for 2.91 million shares. The New York-based International Value Advisers Llc has invested 8.57% in the stock. Energy Opportunities Capital Management Llc, a Texas-based fund reported 64,635 shares.

Schlumberger Limited (NYSE:SLB) Ratings Coverage

Ratings analysis reveals 50% of Schlumberger’s analysts are positive. Out of 6 Wall Street analysts rating Schlumberger, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $3400 while the high is $5500. The stock’s average target of $46.17 is 23.81% above today’s ($37.29) share price. SLB was included in 12 notes of analysts from March 15, 2019. The firm earned “Neutral” rating on Monday, July 22 by JP Morgan. The firm has “Equal-Weight” rating given on Tuesday, April 9 by Barclays Capital. On Thursday, September 12 the stock rating was maintained by Wells Fargo with “Outperform”. The stock of Schlumberger Limited (NYSE:SLB) has “Hold” rating given on Friday, March 15 by Jefferies. JP Morgan maintained Schlumberger Limited (NYSE:SLB) rating on Monday, September 9. JP Morgan has “Neutral” rating and $3400 target. The firm earned “Buy” rating on Friday, June 7 by Stifel Nicolaus.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: which released: “Stocks – Wall Street Flat; Energy, Financial Stocks Vs. Tech Softness – Yahoo Finance” on September 09, 2019, also with their article: “7 Cheap Energy Stocks to Buy as the Sector Lights Up – Nasdaq” published on September 09, 2019, published: “Schlumberger (SLB) Stock Sinks As Market Gains: What You Should Know – Yahoo Finance” on August 26, 2019. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: and their article: “Did Changing Sentiment Drive Schlumberger’s (NYSE:SLB) Share Price Down A Worrying 64%? – Yahoo Finance” published on July 24, 2019 as well as‘s news article titled: “What Investors Should Know About Schlumberger Limited’s (NYSE:SLB) Financial Strength – Yahoo Finance” with publication date: May 30, 2019.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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