Tradition Capital Management Has Upped Its Schlumberger LTD (SLB) Position; Bowen Hanes & Co Upped Ibm (IBM) Position By $1.51 Million

June 24, 2018 - By Maria Brooks

Schlumberger Limited (NYSE:SLB) Logo

Bowen Hanes & Co Inc increased Ibm (IBM) stake by 6.48% reported in 2018Q1 SEC filing. Bowen Hanes & Co Inc acquired 9,870 shares as Ibm (IBM)’s stock declined 9.42%. The Bowen Hanes & Co Inc holds 162,285 shares with $24.90 million value, up from 152,415 last quarter. Ibm now has $129.69 billion valuation. The stock increased 0.02% or $0.03 during the last trading session, reaching $141.28. About 6.01 million shares traded or 30.29% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 24, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: 20/03/2018 – Apple Rumors Feed: Apple IBM combine Watson and Core ML for the smartest ever mobile apps (Ben Lovejoy/9 to 5 Mac); 28/05/2018 – David Kenny, IBM’s senior vice president of Watson and Cloud, said artificial intelligence is already proving to be beneficial; 15/03/2018 – Code42’s Data Security Solution Featured at IBM Think 2018; 04/05/2018 – Warren Buffett says Berkshire Hathaway has sold completely out of IBM; 08/03/2018 – REG-lntnl Bus. Mach: Doc re Notification of filing of document; 05/04/2018 – Rabobank Desensitizes Client Data for GDPR and DevOps with IBM; 24/05/2018 – MariaDB TX 3.0 Delivers First Enterprise Open Source Database to Beat Oracle, Microsoft and IBM; 20/03/2018 – IBM Backs 2018 Adj EPS $13.80; 17/04/2018 – IBM 1Q Cognitive Solutions Rev $4.3B; 17/04/2018 – IBM Had $3 Billion Remaining in Current Share Repurchase Authorization at End of March

Tradition Capital Management Llc increased Schlumberger Ltd. (SLB) stake by 127.04% reported in 2018Q1 SEC filing. Tradition Capital Management Llc acquired 23,700 shares as Schlumberger Ltd. (SLB)’s stock rose 2.80%. The Tradition Capital Management Llc holds 42,356 shares with $2.74M value, up from 18,656 last quarter. Schlumberger Ltd. now has $92.22 billion valuation. The stock increased 2.76% or $1.79 during the last trading session, reaching $66.58. About 11.22 million shares traded or 53.48% up from the average. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 24, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 06/03/2018 – CERAWEEK – SCHLUMBERGER’S SLB.N PAAL KIBSGAARD SAYS THE OIL DOWNTURN HAS ‘TAKEN A TOLL’ ON THE ORGANIZATION; 25/04/2018 – Schlumberger: Helge Lund Resigns From Board; 20/04/2018 – SCHLUMBERGER SEES U.S. DRILLING WORK GROWING IN COMING QUARTERS; 06/04/2018 – KLX to take final bids this month; 21/05/2018 – Schlumberger at UBS Global Oil & Gas Conference Tomorrow; 21/05/2018 – TASS CITES RDIF HEAD DMITRIEV ON SCHLUMBERGER, EURASIA DRILLING; 04/05/2018 – Sri Lanka to sign deals with Total, Schlumberger for seismic study; 31/05/2018 – OPHIR ENERGY – GOLAR, OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR PROJECT; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SAYS MARKET IS ‘BANKING’ ON U.S. SUPPLY GOING FORWARD; 20/04/2018 – SCHLUMBERGER – IT IS BECOMING INCREASINGLY LIKELY THAT OIL INDUSTRY WILL FACE GROWING SUPPLY CHALLENGES OVER COMING YEAR

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. Gardner Russo Gardner Ltd Limited Liability Company has 0% invested in Schlumberger Limited (NYSE:SLB) for 4,225 shares. Trust Department Mb Bancshares N A invested in 625 shares. Wesbanco Bancorp Incorporated invested in 36,062 shares or 0.12% of the stock. Old Second Bancshares Of Aurora reported 3,285 shares. Fmr Lc stated it has 6.75 million shares or 0.05% of all its holdings. Moreover, Green Square Limited Liability Company has 0.12% invested in Schlumberger Limited (NYSE:SLB) for 11,590 shares. Northern Lc reported 0.52% in Schlumberger Limited (NYSE:SLB). Brown Advisory Inc holds 411,154 shares or 0.12% of its portfolio. Hardman Johnston Glob Advsr Limited Liability stated it has 1.44% of its portfolio in Schlumberger Limited (NYSE:SLB). Walleye Trading holds 0.05% or 136,635 shares. Dowling & Yahnke Llc invested in 0.24% or 40,041 shares. The Oklahoma-based Bokf Na has invested 0.32% in Schlumberger Limited (NYSE:SLB). Ftb Advsrs accumulated 11,029 shares. Sol Cap Mngmt Company has 0.12% invested in Schlumberger Limited (NYSE:SLB). Washington Mngmt holds 26,405 shares.

Tradition Capital Management Llc decreased Ins stake by 18,548 shares to 21,454 valued at $914,000 in 2018Q1. It also reduced Citizens Financial Group (NYSE:CFG) stake by 21,798 shares and now owns 147,087 shares. I was reduced too.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Finance.Yahoo.com which released: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018, also Seekingalpha.com with their article: “An Undervalued Services Play Due For Catch-Up” published on June 18, 2018, Benzinga.com published: “Earnings Outlook For Schlumberger” on June 19, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Streetinsider.com and their article: “Schlumberger Ltd. (SLB) Unit Wins US Supreme Court Patent Fight with ION Geophysical (IO) – Bloomberg” published on June 22, 2018 as well as Forbes.com‘s news article titled: “Why Schlumberger’s Stock Continues To Underperform” with publication date: May 29, 2018.

Since January 22, 2018, it had 3 insider buys, and 3 selling transactions for $6.93 million activity. Guild Howard also sold $1.96M worth of Schlumberger Limited (NYSE:SLB) on Monday, January 22. $218,049 worth of Schlumberger Limited (NYSE:SLB) was sold by Jaramillo Claudia on Wednesday, May 16. KIBSGAARD PAAL bought 10,000 shares worth $646,800. The insider AYAT SIMON sold 75,000 shares worth $5.91M. On Monday, March 26 Schorn Patrick bought $323,950 worth of Schlumberger Limited (NYSE:SLB) or 5,000 shares. Al Mogharbel Khaled bought 3,000 shares worth $192,900.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Outperform” rating in Friday, September 4 report. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 1 report. The firm earned “Buy” rating on Monday, February 12 by Griffin Securities. The firm has “Buy” rating by Seaport Global given on Monday, April 23. The firm has “Hold” rating by Standpoint Research given on Wednesday, April 20. As per Wednesday, September 30, the company rating was maintained by UBS. On Wednesday, January 18 the stock rating was initiated by SunTrust with “Hold”. Cowen & Co maintained it with “Outperform” rating and $99 target in Wednesday, April 26 report. The company was maintained on Monday, April 25 by Cowen & Co. The rating was upgraded by Goldman Sachs on Monday, May 23 to “Conviction Buy”.

Bowen Hanes & Co Inc decreased Int’l Paper (NYSE:IP) stake by 11,450 shares to 662,235 valued at $35.38 million in 2018Q1. It also reduced Vmware Inc (NYSE:VMW) stake by 3,050 shares and now owns 211,000 shares. Solaredge Technologies was reduced too.

Since January 31, 2018, it had 1 insider buy, and 2 insider sales for $2.69 million activity. 13,000 shares were sold by Clementi Erich, worth $2.01 million. WADDELL FREDERICK H bought 610 shares worth $99,659. Gherson Diane J had sold 5,000 shares worth $780,000.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: Unimpressive And Overpriced” on June 05, 2018, also Seekingalpha.com with their article: “IBM: A Long Work-In-Progress” published on June 14, 2018, Seekingalpha.com published: “IBM: Not Worth It” on June 14, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “Better Buy: Microsoft Corporation vs. IBM” published on June 19, 2018 as well as Seekingalpha.com‘s news article titled: “Mass layoffs at IBM Watson Health?” with publication date: May 31, 2018.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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By1 Maria Brooks

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