Published: Mon, May 14, 2018
Electronics | By Kelly Massey

Northern Cross LLC Increased Schlumberger LTD (SLB) Stake by $176.71 Million


The institutional investor held 6.53M shares of the oilfield services and equipment company at the end of 2017Q4, valued at $440.07 million, up from 5.26M at the end of the previous reported quarter. Schlumberger Ltd has $98.46 billion MC. Northern Cross LLC now owns 19,852,648 shares of the oil and gas company's stock worth $1,337,870,000 after buying an additional 2,637,527 shares during the last quarter. AYAT SIMON sold $5.91M worth of stock or 75,000 shares.

Schlumberger (NYSE:SLB) last posted its quarterly earnings results on Friday, April 20th. The stock underperformed the S&P500 by 27.83%. AXAHY's SI was 7,300 shares in May as released by FINRA. The stock increased 2.71% or $0.3 during the last trading session, reaching $11.35. 5,000 shares were bought by Schorn Patrick, worth $323,950. It has underperformed by 31.50% the S&P500. The investment professionals in our database now own: 7.55 million shares, up from 3.53 million shares in 2017Q3. Texas Instrs Inc (NASDAQ:TXN) was reduced too.

Since January 22, 2018, it had 3 insider purchases, and 2 insider sales for $6.71 million activity.

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In other news, CEO Paal Kibsgaard purchased 10,000 shares of Schlumberger stock in a transaction dated Monday, March 26th. The stock was bought at an average cost of $64.30 per share, for a total transaction of $192,900.00. Over the last quarter, insiders have bought 18,000 shares of company stock valued at $1,163,650. On Wednesday, October 5 the stock rating was maintained by Citigroup with "Buy". Sawgrass Asset Management Ltd Liability Corporation has 0.06% invested in Schlumberger Limited (NYSE:SLB) for 18,037 shares. Seekingalpha.com's news article titled: "Schlumberger Keeps Chugging Along" with publication date: April 23, 2018 was also an interesting one. And last was released on April 13, 2018, called "Schlumberger, Kenya National Oil sign field development deal". Schlumberger Limited has had earnings per share growth of -17.70% over the past five years. Therefore 82% are positive. Schlumberger has a 12-month low of $70.89 and a 12-month high of $71.53. Cowen & Co has "Buy" rating and $7700 target. Schlumberger Limited had 26 analyst reports since November 13, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with "Equal-Weight" on Wednesday, October 25. Royal Bank of Canada reiterated a "buy" rating and issued a $85.00 price objective on shares of Schlumberger in a research report on Sunday, January 21st. On Monday, January 22 the stock rating was upgraded by Atlantic Securities to "Overweight". As per Thursday, March 15, the company rating was maintained by Cowen & Co. The company was maintained on Wednesday, April 4 by Jefferies. Morgan Stanley set a $81.00 price objective on Schlumberger and gave the company a "buy" rating in a research report on Thursday, January 18th. Seaport Global Securities set a $76.00 target price on shares of Schlumberger and gave the company a "buy" rating in a report on Monday, April 23rd. The rating was maintained by RBC Capital Markets on Tuesday, January 16 with "Buy". The firm has "Buy" rating by Cowen & Co given on Friday, July 7.

Twenty-first Century Fox Inc (NWS) investors sentiment decreased to 0.86 in Q4 2017. That's change of 0.22, from 2017Q3's 0.88. It dived, as 90 investors sold SLB shares while 672 reduced holdings. Dubuque Fincl Bank & Tru has 122,778 shares. Laurel Wealth Advisors Inc. grew its position in shares of Schlumberger by 14.0% in the 4th quarter. Norris Perne & French Llp Mi has 96,331 shares. Trust Department Mb Commercial Bank N A has 625 shares for 0% of their portfolio. Gruss Company Inc holds 32,500 shares. During the same period last year, the firm posted $0.25 earnings per share. research analysts anticipate that Schlumberger will post 2.07 earnings per share for the current fiscal year. 164,934 are held by Penn Davis Mcfarland. Also, the number of institutional investors holding Twenty-first Century Fox Inc in top ten holdings increased from 9 to 15 for an increase of 6. NY reduced its stake in shares of Schlumberger (NYSE:SLB) by 67.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Bnp Paribas Asset Mgmt Sa reported 0.27% stake. The company has market cap of $64.05 billion. The Life & Savings segment offers term life, whole life, universal life, endowment, deferred and immediate annuities, and other investment products; and critical illness and permanent health insurance products for individual and commercial clients, as well as manages a book of reinsurance contracts of variable annuity guarantees. Hudock Grp Lc reported 1,096 shs. As per Wednesday, January 25, the company rating was downgraded by BNP Paribas. The firm has "Neutral" rating by Macquarie Research given on Friday, January 8. Credit Suisse initiated the shares of AXAHY in report on Tuesday, December 13 with "Outperform" rating.

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