East Coast Asset Management Lowered Schlumberger LTD (SLB) Stake By $1.25 Million; Pimco Income Strategy Fund II (PFN) Has 0.92 Sentiment

January 14, 2018 - By Maria Brooks

East Coast Asset Management Llc decreased Schlumberger Ltd (SLB) stake by 52.7% reported in 2017Q3 SEC filing. East Coast Asset Management Llc sold 18,079 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The East Coast Asset Management Llc holds 16,228 shares with $1.13M value, down from 34,307 last quarter. Schlumberger Ltd now has $108.01 billion valuation. The stock increased 1.19% or $0.92 during the last trading session, reaching $77.97. About 9.21M shares traded or 0.46% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 14, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

The stock decreased 0.10% or $0.01 during the last trading session, reaching $10.3. About 208,011 shares traded. PIMCO Income Strategy Fund II (PFN) has risen 17.88% since January 14, 2017 and is uptrending. It has outperformed by 1.18% the S&P500.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on January, 19. They expect $0.45 EPS, up 66.67% or $0.18 from last year’s $0.27 per share. SLB’s profit will be $623.37 million for 43.32 P/E if the $0.45 EPS becomes a reality. After $0.42 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Since October 24, 2017, it had 0 buys, and 1 insider sale for $219,205 activity. Shares for $219,205 were sold by SANDVOLD TORE I on Tuesday, October 24.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 127 analyst reports since July 22, 2015 according to SRatingsIntel. Tudor Pickering initiated the stock with “Buy” rating in Friday, March 24 report. The firm earned “Outperform” rating on Thursday, October 1 by Oppenheimer. Goldman Sachs maintained Schlumberger Limited (NYSE:SLB) on Monday, April 4 with “Buy” rating. The firm earned “Outperform” rating on Friday, October 16 by Cowen & Co. Barclays Capital downgraded the shares of SLB in report on Wednesday, June 21 to “Equal-Weight” rating. The firm has “Conviction Buy” rating given on Monday, May 23 by Goldman Sachs. As per Friday, October 20, the company rating was maintained by Wells Fargo. The firm has “Buy” rating given on Thursday, December 21 by RBC Capital Markets. Loop Capital maintained the stock with “Buy” rating in Thursday, October 26 report. BMO Capital Markets maintained it with “Outperform” rating and $105.0 target in Friday, September 4 report.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is the same, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Ci stated it has 0.31% in Schlumberger Limited (NYSE:SLB). Daiwa Sb Limited accumulated 39,610 shares or 0.71% of the stock. The Delaware-based Dupont Capital has invested 0.46% in Schlumberger Limited (NYSE:SLB). Ranger Mgmt LP stated it has 405 shares or 0% of all its holdings. Legacy Partners Inc has invested 0.76% in Schlumberger Limited (NYSE:SLB). Tortoise Capital has 58 shares for 0% of their portfolio. The Texas-based Adell Harriman & Carpenter has invested 0.54% in Schlumberger Limited (NYSE:SLB). Neuberger Berman Gru holds 0.48% or 5.55 million shares in its portfolio. First Fiduciary Inv Counsel Inc invested in 3.1% or 243,312 shares. Cleararc holds 0.37% or 35,712 shares. Capital Innovations Ltd Liability invested in 2.52% or 14,952 shares. Plante Moran Ltd Liability stated it has 0.02% of its portfolio in Schlumberger Limited (NYSE:SLB). Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 317,425 shares or 0.9% of the stock. Smith Salley And Associates, North Carolina-based fund reported 72,335 shares. The South Carolina-based Colonial Tru Advisors has invested 1.18% in Schlumberger Limited (NYSE:SLB).

Graybill Bartz & Assoc Ltd holds 2.13% of its portfolio in PIMCO Income Strategy Fund II for 269,564 shares. Addison Capital Co owns 105,130 shares or 0.99% of their US portfolio. Moreover, First Foundation Advisors has 0.39% invested in the company for 636,848 shares. The New York-based National Asset Management Inc. has invested 0.22% in the stock. Horizon Kinetics Llc, a New York-based fund reported 583,934 shares.

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