Schlumberger N.V. (SLB) Position Up in Latest Report from First Fiduciary Investment Counsel, Inc. Last Quarter


Schlumberger N.V. (NYSE:SLB).

First Fiduciary Investment Counsel, Inc. bought 87,873 shares last quarter increasing its stake in Schlumberger N.V. (SLB) by 56.5%. Its investment was valued at $16,973,000 an increase of 65.8% according to the filing.

Here are some institutional investors who have increased or decreased their stake in (SLB). Orleans Capital Management Corp/la expanded its holdings by buying 9 shares an increase of 0.0% in the quarter. Orleans Capital Management Corp/la owns 27,336 shares valued at $1,907,000. The total value of its holdings increased 6.0%. Energy Opportunities Capital Management, LLC reduced its ownership by selling 19,180 shares a decrease of 19.6% as of 09/30/2017. Energy Opportunities Capital Management, LLC now controls 78,716 shares worth $5,491,000. The value of the position overall is down by 14.8%.

As of the end of the quarter Crestwood Advisors LLC had sold a total of 2,736 shares trimming its holdings by 1.2%. The value in dollars went from $16,188,000 to $16,306,000 a change of $118,000 quarter to quarter.

October 31 investment analysts at SunTrust Banks reiterated a “Hold” rating on the stock. Equity analyst Loop Capital lowered the price target on October 26 cutting the projection from $80.00 to $75.00 and issued a “Buy” rating.

On October 25, 2017 Barclays PLC updated coverage of SLB stating a rating of “Hold” and establishing a price target of $70.00. Citigroup lowered the price target on October 25 changing the price objective from $80.00 to $76.00 and issued a “Buy” recommendation.

Morgan Stanley lowered the price target of the stock on October 23 changing the forecast from $90.00 to $81.00 with a “Overweight” recommendation. On October 23 analysts at Credit Suisse Group updated its forecast on SLB and giving a rating of “Buy” and setting a price target of $71.00.

The company is so far trading up from yesterday’s close of 61.88. The company currently has a P/E ratio of 159.12 and the market cap is 85.97B. As of the last earnings report the EPS was $0.39 with 1.39B shares presently outstanding.

Investors are a little more bullish on shares of Schlumberger N.V. lately if you pay attention to the downtick in short interest. The firm saw a fall in short interest of -5.28% as of the latest report on October 13, 2017. Short interest decreased 1,113,459 over that period. With short interest at 19,965,553 and short average daily volume at 5,383,160, the short-interest ratio is 4.0 and the short interest percentage is 0.01% as of October 13.