Schlumberger (SLB) Given a $80.00 Price Target at B. Riley

Marco Green
January 13, 2018

The institutional investor held 69,625 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $4.86 million, up from 64,625 at the end of the previous reported quarter. Schlumberger Ltd. now has $107.90 billion valuation. The stock increased 1.96% or $1.48 during the last trading session, reaching $77.08. About 9.27M shares traded or 2.90% up from the average.

On Tuesday, Shares of Schlumberger Limited (NYSE: SLB) expressed a change of 0.13% and closed its trade at $74.90. It has underperformed by 20.00% the S&P500.

Bluecrest Capital Management Ltd increased its stake in Ethan Allen Interiors Inc (ETH) by 417.93% based on its latest 2017Q3 regulatory filing with the SEC. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. The American Assets Investment Management Llc holds 193,290 shares with $4.90 million value, down from 211,670 last quarter. Bluecrest Capital Management Ltd who had been investing in Ethan Allen Interiors Inc for a number of months, seems to be bullish on the $777.43M market cap company.

The stock decreased 0.99% or $0.505 during the last trading session, reaching $50.745. About 5.46 million shares traded. Camtek Ltd. (NASDAQ:CAMT) has risen 166.84% since January 12, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. Banced Corp accumulated 4,276 shares or 0.52% of the stock. Putnam Fl Invest Mgmt Communications has invested 0.04% of its portfolio in Schlumberger Limited (NYSE:SLB).

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 99.86 million shares, BLACKROCK INC. with 88.31 million shares, CAPITAL WORLD INVESTORS with 82.36 million shares, STATE STREET CORP with 70.25 million shares, and DODGE & COX with 48.62 million shares. Mar Vista Inv Ptnrs Lc stated it has 3.11% in Schlumberger Limited (NYSE:SLB).

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. Bank of Montreal Can now owns 1,601,025 shares of the oil and gas company's stock valued at $105,414,000 after purchasing an additional 470,615 shares during the period. (NYSE:ETH). Ubs Asset Management Americas, a Illinois-based fund reported 11,799 shares. Van Eck Associates reported 1.87% of its portfolio in Schlumberger Limited (NYSE:SLB). Tredje AP fonden lifted its holdings in shares of Schlumberger by 0.3% in the first quarter. Lpl Fincl Limited Liability holds 689,259 shares or 0.13% of its portfolio. First Mercantile Co holds 0.48% or 37,832 shares in its portfolio. Marco Invest Mgmt Ltd Limited Liability Company reported 0.28% stake. Comprehensive Portfolio Management LLC acquired a new stake in Schlumberger in the second quarter valued at $885,000.

Bellecapital International Ltd. lowered its position in Schlumberger Limited.

Ratings analysis reveals 77% of Schlumberger Limited.'s analysts are positive. Schlumberger Limited. had 126 analyst reports since July 22, 2015 according to SRatingsIntel. Jefferies maintained it with "Hold" rating and $101.0 target in Wednesday, December 20 report. The stock of Schlumberger Limited (NYSE:SLB) has "Buy" rating given on Friday, August 25 by Jefferies. The firm now has a "buy" rating on the oil and gas company's stock. Morgan Stanley maintained Schlumberger Limited (NYSE:SLB) on Tuesday, April 19 with "Overweight" rating. The firm earned "Equal Weight" rating on Monday, January 25 by Barclays Capital. On Friday, September 4 the stock rating was upgraded by Zacks to "Buy". The stock has "Neutral" rating by Citigroup on Tuesday, April 4. FBN Securities upgraded QVC Group (NASDAQ:QVCA) on Wednesday, August 10 to "Outperform" rating.

Since October 24, 2017, it had 0 insider buys, and 1 insider sale for $219,205 activity. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. According to today's trading volume Schlumberger Limited is ABOVE its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days. The stock has "Overweight" rating by Barclays Capital on Wednesday, April 20. The stock has an average rating of "Buy" and a consensus price target of $79.37. RBC Capital Markets maintained Schlumberger Limited (NYSE:SLB) on Thursday, December 21 with "Buy" rating. The firm has "Buy" rating given on Friday, July 22 by Needham.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. The stock of KMG Chemicals, Inc. The rating was maintained by FBR Capital on Monday, September 21 with "Outperform". (NASDAQ:PEP) has "Hold" rating given on Monday, October 2 by Jefferies. Argus Research maintained EOG Resources, Inc. (NASDAQ:PEP) rating on Wednesday, June 29. Credit Suisse has "Buy" rating and $7800 target. They expect $2.87 EPS, up 16.19% or $0.40 from last year's $2.47 per share. After $1.02 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts 42.16% EPS growth.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 92 investors sold WFC shares while 725 reduced holdings. 165 funds opened positions while 367 raised stakes. Rhumbline Advisers holds 0.37% or 2.43M shares. (NASDAQ:DISCA) stake by 16,692 shares and now owns 16,877 shares. Of those holders, 697 had increased positions amounting to 67.4 million shares, 830 had decreased positions amounting to 59.06 million shares, and 140 holders have a held position accounting for 979.54 million shares. Grantham Mayo Van Otterloo & reported 0.69% stake. Intact Investment Mgmt Inc owns 5,600 shares. (NASDAQ:PEP) for 6,392 shares. Shelter Mutual Insurance reported 113,560 shares. (NASDAQ:PEP). Georgia-based Cap Investment Limited Liability Corp has invested 0.41% in Pepsico, Inc. (NASDAQ:PEP) for 98,671 shares. Following the sale, the chief financial officer now directly owns 113,335 shares of the company's stock, valued at approximately $9,520,140. The return on invested capital is at -1.7%, which is good, compared to its peers. Suntrust Banks Inc. owned about 0.08% of Schlumberger N.V. worth $85,564,000 as of its most recent SEC filing. Interocean Ltd Limited Liability Company has 51,807 shares for 0.86% of their portfolio. Victory Mngmt Inc has 0% invested in KMG Chemicals, Inc. The Oklahoma-based Bokf Na has invested 0.44% in The Boeing Company (NYSE:BA).

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