Mufg Americas Holdings Has Increased Lowes Cos (LOW) Holding by $365,313; Barr E S & Co Has Decreased Holding in Schlumberger LTD (SLB) by $1.28 Million

June 29, 2018 - By Vivian Park

Schlumberger Limited (NYSE:SLB) Logo

Barr E S & Co decreased its stake in Schlumberger Ltd (SLB) by 12.05% based on its latest 2018Q1 regulatory filing with the SEC. Barr E S & Co sold 20,022 shares as the company’s stock rose 2.80% while stock markets declined. The hedge fund held 146,166 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $9.47M, down from 166,188 at the end of the previous reported quarter. Barr E S & Co who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $93.23 billion market cap company. The stock increased 0.45% or $0.3 during the last trading session, reaching $67.31. About 1.51 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 29, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 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; 28/04/2018 – Schlumberger Gets Approval to Buy Into Russia’s Biggest Driller; 29/03/2018 – RUSSIA’S FAS: DIFFERENT OPTIONS ON SCHLUMBERGER’S STAKE IN EDC

Mufg Americas Holdings Corp increased its stake in Lowes Cos Inc (LOW) by 3.99% based on its latest 2018Q1 regulatory filing with the SEC. Mufg Americas Holdings Corp bought 4,199 shares as the company’s stock declined 0.84% with the market. The institutional investor held 109,401 shares of the consumer services company at the end of 2018Q1, valued at $9.60 million, up from 105,202 at the end of the previous reported quarter. Mufg Americas Holdings Corp who had been investing in Lowes Cos Inc for a number of months, seems to be bullish on the $78.72B market cap company. The stock increased 0.47% or $0.45 during the last trading session, reaching $96.45. About 1.15M shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 18.89% since June 29, 2017 and is uptrending. It has outperformed by 6.32% the S&P500. Some Historical LOW News: 11/04/2018 – RBA Gov Lowe: Intensified Trade Tensions a Threat to Global Growth; 16/04/2018 – A. O. SMITH CORP – EXPECTS NEW BUSINESS’ IMPACT TO EARNINGS PER SHARE WILL BE MINIMAL IN 2018, DUE TO START-UP COSTS; 23/05/2018 – Lowe’s sticks to annual forecasts, expects sales rebound; 23/05/2018 – Full story: Bill Ackman’s Pershing Square builds a roughly $1B stake in Lowe’s – Dow Jones; 24/04/2018 – Lowe’s: Will Become Only Nationwide Home Center to Offer GE Light Bulbs; 16/05/2018 – ♫ Reuters Insider – Dow snaps 8-day winning streak; 23/05/2018 – LOWE’S: FULL-YEAR EFFECTIVE TAX RATE EXPECTED TO BE 25.5%; 11/04/2018 – RBA Gov Lowe: Australian Economy Making Progress Toward Higher Growth; 26/03/2018 – Home improvement chain Lowe’s CEO to retire; 06/03/2018 – RBA’S LOWE SAYS 10 PCT CAP ON INVESTMENT LENDING IS NOW REDUNANT GIVEN SLOWDOWN IN LENDING

More important recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “An Undervalued Services Play Due For Catch-Up” on June 18, 2018, also Seekingalpha.com published article titled: “Schlumberger: Another Win”, Finance.Yahoo.com published: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) was released by: Seekingalpha.com and their article: “Baker Hughes to go it alone as GE confirms plan to unload” with publication date: June 26, 2018.

Barr E S & Co, which manages about $978.77 million and $952.99 million US Long portfolio, upped its stake in Diamond Hill Invt Cl A (NASDAQ:DHIL) by 7,406 shares to 54,034 shares, valued at $11.16M in 2018Q1, according to the filing. It also increased its holding in Brookfield Asset Mgmt (NYSE:BAM) by 32,999 shares in the quarter, for a total of 385,589 shares, and has risen its stake in Carmax Inc (NYSE:KMX).

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on July, 20 before the open. They expect $0.46 earnings per share, up 31.43% or $0.11 from last year’s $0.35 per share. SLB’s profit will be $637.16 million for 36.58 P/E if the $0.46 EPS becomes a reality. After $0.38 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 21.05% EPS growth.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It improved, 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. Blackhill Inc holds 20,920 shares or 0.25% of its portfolio. Seabridge Inv Advsr Limited Co accumulated 0.04% or 2,860 shares. Farmers & Merchants Invests Incorporated owns 47,327 shares. Haverford Financial Services has invested 2.16% of its portfolio in Schlumberger Limited (NYSE:SLB). Gofen And Glossberg Limited Liability Company Il holds 1.25% or 514,813 shares. 81,022 are held by Cedar Hill Assoc Ltd Co. Amundi Pioneer Asset Inc reported 0.11% in Schlumberger Limited (NYSE:SLB). Cambridge Trust Co reported 183,452 shares or 0.76% of all its holdings. Flippin Bruce Porter reported 2.15% stake. Magnetar Financial Ltd Co owns 4,702 shares. Deroy & Devereaux Private Invest Counsel, Michigan-based fund reported 195,531 shares. Loudon Investment Llc stated it has 8,315 shares. Covenant Multifamily Offices Limited Liability Company invested in 38,665 shares or 1.5% of the stock. Lau Associates Lc, a Delaware-based fund reported 6,187 shares. New York-based Neville Rodie & Shaw has invested 0.86% in Schlumberger Limited (NYSE:SLB).

Since January 22, 2018, it had 3 buys, and 3 insider sales for $6.93 million activity. Guild Howard sold $1.96M worth of stock or 25,000 shares. On Wednesday, May 16 Jaramillo Claudia sold $218,049 worth of Schlumberger Limited (NYSE:SLB) or 3,000 shares. AYAT SIMON sold $5.91M worth of stock or 75,000 shares. $323,950 worth of Schlumberger Limited (NYSE:SLB) was bought by Schorn Patrick on Monday, March 26. $192,900 worth of Schlumberger Limited (NYSE:SLB) was bought by Al Mogharbel Khaled.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 152 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Friday, April 7. The company was maintained on Monday, October 19 by Howard Weil. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Tuesday, September 5 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Wednesday, July 5. SunTrust upgraded the shares of SLB in report on Tuesday, April 3 to “Buy” rating. The firm has “Buy” rating by Jefferies given on Tuesday, November 15. On Monday, January 25 the stock rating was maintained by Howard Weil with “Focus Stock”. Loop Capital maintained it with “Buy” rating and $75 target in Thursday, October 26 report. Jefferies maintained Schlumberger Limited (NYSE:SLB) on Friday, August 25 with “Buy” rating. The stock has “Buy” rating by Credit Suisse on Monday, April 23.

More important recent Lowe's Companies, Inc. (NYSE:LOW) news were published by: Fool.com which released: “Better Buy: Home Depot vs. Lowe’s” on June 17, 2018, also Fool.com published article titled: “Lowe’s Springs Into Action”, Fool.com published: “What Lowe’s Wants You to Know About Its Latest Results” on May 31, 2018. More interesting news about Lowe's Companies, Inc. (NYSE:LOW) was released by: Streetinsider.com and their article: “Homebuilders Mentioned Positively at Cleveland Research (HD) (LOW)” with publication date: June 29, 2018.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.20, from 1.01 in 2017Q4. It worsened, as 72 investors sold LOW shares while 482 reduced holdings. 116 funds opened positions while 331 raised stakes. 587.47 million shares or 0.28% more from 585.84 million shares in 2017Q4 were reported. North Star Investment Management Corp holds 3,736 shares. Elm Advsrs Lc stated it has 0.16% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Phocas Fincl reported 4,070 shares. Private Advisor Grp Lc accumulated 24,048 shares. 3,050 are held by Marble Harbor Inv Counsel Lc. Caprock Grp Inc invested 0.06% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Capital Fund Management Sa reported 0.09% stake. Livingston Gp Asset (Operating As Southport Cap Management) reported 0.17% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Camelot Portfolios Limited Company has 0.12% invested in Lowe's Companies, Inc. (NYSE:LOW) for 2,813 shares. Eagle Global Advsrs accumulated 63,764 shares or 0.19% of the stock. First Bancorp Of Omaha has 0.03% invested in Lowe's Companies, Inc. (NYSE:LOW). The Texas-based Fayez Sarofim has invested 0% in Lowe's Companies, Inc. (NYSE:LOW). Utd Fire Group accumulated 0.53% or 17,000 shares. Brookstone Cap Mngmt, Illinois-based fund reported 5,610 shares. Zwj Counsel invested in 6,272 shares.

Since June 8, 2018, it had 0 buys, and 1 insider sale for $1.23 million activity.

Among 37 analysts covering Lowe’s Companies Inc. (NYSE:LOW), 24 have Buy rating, 0 Sell and 13 Hold. Therefore 65% are positive. Lowe’s Companies Inc. had 102 analyst reports since August 19, 2015 according to SRatingsIntel. The rating was maintained by SunTrust on Thursday, March 1 with “Hold”. On Monday, October 31 the stock rating was downgraded by PiperJaffray to “Neutral”. The stock has “Buy” rating by Zelman on Thursday, November 19. Topeka Capital Markets initiated Lowe's Companies, Inc. (NYSE:LOW) on Tuesday, May 24 with “Hold” rating. The rating was maintained by Piper Jaffray with “Hold” on Friday, September 29. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Outperform” rating by Raymond James on Monday, November 27. As per Wednesday, October 26, the company rating was downgraded by Wedbush. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, July 5 report. The stock has “Neutral” rating by JP Morgan on Tuesday, March 6. The rating was upgraded by Telsey Advisory Group to “Outperform” on Thursday, January 25.

Mufg Americas Holdings Corp, which manages about $3.17B US Long portfolio, decreased its stake in Southern Co (NYSE:SO) by 7,599 shares to 14,184 shares, valued at $633,000 in 2018Q1, according to the filing. It also reduced its holding in Mcdonalds Corp (NYSE:MCD) by 10,287 shares in the quarter, leaving it with 161,060 shares, and cut its stake in Tiffany & Co New (NYSE:TIF).

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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