Altrinsic Global Advisors Has Lowered Icici Bk LTD (IBN) Stake; L & S Advisors Trimmed Its Schlumberger LTD (SLB) Position

August 12, 2018 - By Lisa Delgado

Schlumberger Limited (NYSE:SLB) Logo

L & S Advisors Inc decreased Schlumberger Ltd (SLB) stake by 49.54% reported in 2018Q1 SEC filing. L & S Advisors Inc sold 19,735 shares as Schlumberger Ltd (SLB)’s stock rose 2.80%. The L & S Advisors Inc holds 20,102 shares with $1.30M value, down from 39,837 last quarter. Schlumberger Ltd now has $91.41 billion valuation. The stock increased 0.98% or $0.64 during the last trading session, reaching $66.04. About 4.85M shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since August 12, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 20/04/2018 – SCHLUMBERGER – PRODUCTION CHALLENGES IN US SHALE EMERGING THAT ARE LINKED TO POTENTIAL LOWER PRODUCTION OF STEP-OUT DRILLING FROM TIER 1 ACREAGE; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SEES GROWTH IN INVESTMENTS GLOBALLY, WHICH IS RESTORING OPTIMISM; 28/04/2018 – Schlumberger Gets Approval to Buy Into Russia’s Biggest Driller; 20/04/2018 – Schlumberger Presenting at Citigroup Conference May 15; 06/03/2018 – SCHLUMBERGER: DANGER OF STAGNATION IF CUSTOMERS SKIP INNOVATION; 06/03/2018 – SCHLUMBERGER SAYS NORTH SEA IS LEADING OFFSHORE REGION IN WORLD; 20/04/2018 – SCHLUMBERGER – REMAINS OPTIMISTIC ABOUT OUTLOOK FOR SUSTAINABLE ACTIVITY GROWTH IN CO’S GLOBAL BUSINESS OVER THE COURSE OF 2018 AND INTO 2019; 18/04/2018 – SEADRILL CEO SAYS THE COMPANY WOULD LIKE TO EXPAND ITS COOPERATION WITH SCHLUMBERGER, BUT ALSO TALKING TO OTHER MAJOR OIL SERVICE PROVIDERS; 28/04/2018 – RUSSIA PRELIMINARY APPROVES PURCHASE OF UP TO 49 PCT STAKE IN EDC BY SCHLUMBERGER – RIA; 06/03/2018 – SCHLUMBERGER CEO CONCLUDES COMMENTS AT CERAWEEK CONFERENCE

Altrinsic Global Advisors Llc decreased Icici Bk Ltd (IBN) stake by 50.76% reported in 2018Q1 SEC filing. Altrinsic Global Advisors Llc sold 6.12M shares as Icici Bk Ltd (IBN)’s stock declined 14.41%. The Altrinsic Global Advisors Llc holds 5.94M shares with $52.56 million value, down from 12.06 million last quarter. Icici Bk Ltd now has $31.20 billion valuation. The stock decreased 2.66% or $0.26 during the last trading session, reaching $9.51. About 6.27M shares traded. ICICI Bank Limited (NYSE:IBN) has declined 2.16% since August 12, 2017 and is downtrending. It has underperformed by 14.73% the S&P500. Some Historical IBN News: 25/05/2018 – ICICI BANK LTD – GOT NOTICE FROM SEBI REQUIRING RESPONSES ON MATTERS RELATING TO ALLEGED NON-COMPLIANCE WITH CERTAIN PROVISIONS OF LISTING AGREEMENT; 08/04/2018 – MEDIA-India’s ICICI Bank may mull road ahead for CEO Chanda Kochhar – Economic Times; 07/05/2018 – INDIA’S ICICI BANK EXEC SAYS BOARD DID NOT DISCUSS VIDEOCON LOAN ISSUE IN MONDAY’S MEETING; 02/04/2018 – ICICI: NOT RECEIVED ANY ENQUIRY FROM INDIA ED ON VIDEOCON LOAN; 16/03/2018 – NDTV: Comparison Of Bank Of India, SBI, ICICI Bank, HDFC Bank FD Interest Rates; 23/05/2018 – ICICI BANK – ICICI BANK LTD REPLY TO CLARIFICATION SOUGHT BY E; 04/04/2018 – ICICI BANK LTD ICBK.NS SAYS BANK HAS NOT RECEIVED ANY COMMUNICATION FROM SFIO IN THE MATTER; 08/05/2018 – BSE Mumbai Bourse: Results from ICICI Bank for Apr 01 to Mar 31; 31/03/2018 – Telegraph (IN): ICICI Bank to pay fine; 30/04/2018 – GARG: INDIA PROBE AGENCIES GETTING INTO BOTTOM OF ICICI ISSUE

Analysts await ICICI Bank Limited (NYSE:IBN) to report earnings on October, 26. They expect $0.09 earnings per share, down 10.00% or $0.01 from last year’s $0.1 per share. IBN’s profit will be $295.27 million for 26.42 P/E if the $0.09 EPS becomes a reality. After $-0.01 actual earnings per share reported by ICICI Bank Limited for the previous quarter, Wall Street now forecasts -1,000.00% EPS growth.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on October, 19. They expect $0.48 EPS, up 14.29% or $0.06 from last year’s $0.42 per share. SLB’s profit will be $664.38M for 34.40 P/E if the $0.48 EPS becomes a reality. After $0.43 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 11.63% EPS growth.

Investors sentiment increased to 1.2 in 2018 Q1. Its up 0.54, from 0.66 in 2017Q4. It is positive, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Systematic Fincl Mgmt Lp stated it has 0.01% of its portfolio in Schlumberger Limited (NYSE:SLB). Winslow Asset Management reported 106,161 shares or 1.32% of all its holdings. Vident Inv Advisory Limited Liability Co stated it has 12,928 shares. Middleton & Incorporated Ma stated it has 74,289 shares. Litman Gregory Asset Lc accumulated 745 shares. Qs Limited Liability has invested 0.1% of its portfolio in Schlumberger Limited (NYSE:SLB). Conning holds 0.3% or 143,619 shares. America First Investment Advsrs Limited Liability Com has 189,361 shares. Lenox Wealth Mgmt stated it has 869 shares or 0.02% of all its holdings. Assetmark has 0% invested in Schlumberger Limited (NYSE:SLB) for 3,087 shares. Robeco Institutional Asset Management Bv owns 0.05% invested in Schlumberger Limited (NYSE:SLB) for 154,083 shares. Princeton Port Strategies Grp Inc Limited Liability Co has 46,545 shares for 0.86% of their portfolio. Commonwealth Comml Bank Of Aus stated it has 0.23% of its portfolio in Schlumberger Limited (NYSE:SLB). Moors And Cabot Inc holds 43,789 shares. Integral Derivatives Ltd Llc holds 13,356 shares or 0.02% of its portfolio.

L & S Advisors Inc increased Sanchez Midstream Lp stake by 31,436 shares to 60,758 valued at $629,000 in 2018Q1. It also upped Jpmorgan Chase & Co (NYSE:JPM) stake by 3,228 shares and now owns 87,021 shares. Walt Disney Co (NYSE:DIS) was raised too.

Since March 26, 2018, it had 3 insider buys, and 1 insider sale for $945,601 activity. The insider KIBSGAARD PAAL bought 10,000 shares worth $646,800. 3,000 shares were sold by Jaramillo Claudia, worth $218,049. Another trade for 3,000 shares valued at $192,900 was bought by Al Mogharbel Khaled. $323,950 worth of stock was bought by Schorn Patrick on Monday, March 26.

Among 10 analysts covering Schlumberger Limited (NYSE:SLB), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Schlumberger Limited had 15 analyst reports since February 26, 2018 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by SunTrust on Tuesday, April 3. On Monday, July 23 the stock rating was maintained by Credit Suisse with “Outperform”. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) on Friday, April 13 with “Buy” rating. The rating was maintained by Jefferies on Wednesday, April 4 with “Buy”. On Monday, April 23 the stock rating was maintained by Credit Suisse with “Buy”. On Thursday, May 24 the stock rating was maintained by Wells Fargo with “Buy”. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, April 23 by Seaport Global. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) on Thursday, March 15 with “Buy” rating. The stock has “Buy” rating by Bank of America on Monday, February 26. SunTrust maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 23. SunTrust has “Buy” rating and $8200 target.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Revisiting Schlumberger” on July 22, 2018, also Seekingalpha.com with their article: “Schlumberger: Beat And Scarred, But Not Broken” published on July 24, 2018, Seekingalpha.com published: “Schlumberger Now Taking Market Share With OneStim” on July 24, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Seekingalpha.com and their article: “Another Solid Performance From Schlumberger” published on July 27, 2018 as well as Seekingalpha.com‘s news article titled: “Schlumberger: The Much Awaited Recovery Is Here” with publication date: August 02, 2018.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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