Bright Rock Capital Management LLC Raises Holdings in Schlumberger NV (SLB)

Ivan Schwartz
October 22, 2017

The Vident Investment Advisory Llc holds 82,819 shares with $13.41M value, up from 46,613 last quarter. The stock decreased 2.09% or $1.35 on October 20, reaching $63.15. Thompson Rubinstein Investment Mngmt Incorporated Or holds 1.93% or 79,506 shares. Goldcorp Inc. (USA) (NYSE:GG) has declined 19.95% since October 21, 2016 and is downtrending. It has outperformed by 7.41% the S&P500.

Iberiabank Corp decreased Schlumberger (SLB) stake by 9.54% reported in 2017Q2 SEC filing. Birch Hill Investment Advisors Llc sold 103,974 shares as the company's stock declined 11.04% while stock markets rallied. LLC's holdings in Schlumberger N.V. were worth $4,144,000 as of its most recent filing with the Securities and Exchange Commission. Schlumberger now has $87.43B valuation. The stock increased 0.17% or $0.05 on October 20, reaching $29.2. About 446,262 shares traded or 126.35% up from the average.

Investors purchased shares of Schlumberger NV (NYSE:SLB) on weakness during trading on Thursday after an insider sold shares in the company. It has underperformed by 20.00% the S&P500. (NYSE:SLB). Fiduciary Mgmt Inc Wi owns 9.50M shares for 3.75% of their portfolio. CI's profit will be $589.22M for 20.45 P/E if the $2.34 EPS becomes a reality. Schlumberger NV traded down ($0.94) for the day and closed at $80.10Specifically, Director Tore I. Sandvold sold 5,000 shares of the company's stock in a transaction dated Tuesday, November 15th. Pembina Pipeline Corp (NYSE:PBA) was raised too.

Investors sentiment decreased to 0.88 in Q2 2017. Its the same as in 2017Q1. It increased, as 15 investors sold IDACORP Inc shares while 57 reduced holdings. 217.98 million shares or 0.25% less from 218.52 million shares in 2017Q1 were reported. Northern reported 0.35% stake. Since the open, shares have moved 0.78% after recently hitting the $53.20 mark. The larger the percentage, the better it is At the moment, Schlumberger Limited Return on Assets is 0.20%. Natixis Asset has 18,334 shares. (NYSE:SLB). Tiaa Cref Invest Management Ltd holds 5.64 million shares or 0.26% of its portfolio. Fmr Lc invested 0.14% in CIGNA Corporation (NYSE:CI). Etrade Capital Mgmt Lc holds 85,842 shares or 0.22% of its portfolio. Veritas Investment Management (Uk) Ltd reported 160,618 shares.

Recent session action on shares of NIKE, Inc. Moreover, Fruth Mngmt has 0.47% invested in Schlumberger Limited. Envestnet Asset Management Inc. boosted its position in shares of Schlumberger NV by 4.6% in the first quarter. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Schlumberger NV in a research report on Friday, July 22nd. Magellan Asset Mgmt Limited, a Australia-based fund reported 33,959 shares.

October 5 investment analysts at Citigroup held the company rating at "Buy" and lowered the price expectation to $80.00 from $93.00. Therefore 16% are positive. CIGNA had 45 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has "Conviction Buy" rating by Goldman Sachs given on Monday, May 23. The company was maintained on Friday, October 13 by Jefferies. The rating was downgraded by BMO Capital Markets on Wednesday, October 11 to "Market Perform". The rating was initiated by Piper Jaffray on Wednesday, January 4 with "Overweight". (NYSE:SLB) rating on Friday, September 29. (NYSE:SLB). The Missouri-based Country Club Trust Na has invested 1.23% in Schlumberger Limited. The company was maintained on Monday, March 28 by Barclays Capital.

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The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . On September 22 Morgan Stanley held the company rating at "Overweight" and raised the price expectation to $149.00 from $145.00.

Since June 1, 2017, it had 0 buys, and 2 sales for $158,751 activity. $2.77 million worth of Schlumberger Limited. $990,000 worth of CIGNA Corporation (NYSE:CI) was sold by Manders Matthew G on Friday, June 2. $556,490 worth of Rockwell Automation (NYSE:ROK) shares were sold by CRANDALL THEODORE D.

Schlumberger Limited (SLB) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. Of the analysts who provided ratings, 8 rated the company a Hold, 2 rated it a Moderate Buy, and 11 rated it a Strong Buy. Therefore 76% are positive. Goldcorp Inc. had 49 analyst reports since July 24, 2015 according to SRatingsIntel. (NYSE:SLB) earned "Buy" rating by Citigroup on Wednesday, October 21. $250,203 worth of Schlumberger Limited. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 6. Jefferies maintained the shares of SLB in report on Monday, April 25 with "Hold" rating.

Schlumberger NV (NYSE:SLB) last posted its quarterly earnings data on Thursday, October 20th. Genesee Valley Tru has 0.62% invested in Schlumberger Limited. The company was downgraded on Tuesday, March 15 by Macquarie Research. Earnings reports from energy companies will continue next week, with Halliburton (NYSE:HAL) scheduled to release its latest results Monday. HSBC maintained it with "Buy" rating and $96 target in Thursday, September 3 report.

Since May 2, 2017, it had 0 insider buys, and 14 sales for $19.34 million activity. On Monday, June 12 Floridia Aaron Gatt sold $2.77M worth of Schlumberger Limited.

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