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Nine Masts Capital LTD Lowered Sumitomo Mitsui Finl Group I (SMFG) Position as Share Price Declined; Spears Abacus Advisors Lowered Schlumberger LTD (SLB) Holding by $5.57 Million

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Chao Ku decreased its stake in Sumitomo Mitsui Finl Group I (SMFG) by 17.01% based on its latest 2017Q4 regulatory filing with the SEC. Nine Masts Capital Ltd sold 73,175 shares as the company’s stock declined 3.29% with the market. The hedge fund run by Chao Ku held 357,041 shares of the commercial banks company at the end of 2017Q4, valued at $3.09M, down from 430,216 at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in Sumitomo Mitsui Finl Group I for a number of months, seems to be less bullish one the $60.14B market cap company. The stock increased 2.15% or $0.18 during the last trading session, reaching $8.57. About 4.94 million shares traded or 306.47% up from the average. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) has risen 13.89% since May 17, 2017 and is uptrending. It has outperformed by 2.34% the S&P500.

Spears Abacus Advisors Llc decreased its stake in Schlumberger Ltd (SLB) by 35.86% based on its latest 2017Q4 regulatory filing with the SEC. Spears Abacus Advisors Llc sold 83,179 shares as the company’s stock declined 4.39% with the market. The institutional investor held 148,783 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $10.03 million, down from 231,962 at the end of the previous reported quarter. Spears Abacus Advisors Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $103.57 billion market cap company. The stock increased 2.28% or $1.67 during the last trading session, reaching $74.78. About 7.72 million shares traded or 10.47% up from the average. Schlumberger Limited (NYSE:SLB) has declined 16.28% since May 17, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Nine Masts Capital Ltd, which manages about $750.28M US Long portfolio, upped its stake in Weight Watchers Intl Inc New (NYSE:WTW) by 9,177 shares to 9,677 shares, valued at $428,000 in 2017Q4, according to the filing. It also increased its holding in Kraft Heinz Co by 29,869 shares in the quarter, for a total of 30,119 shares, and has risen its stake in Dr Reddys Labs Ltd (NYSE:RDY).

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 148 analyst reports since July 22, 2015 according to SRatingsIntel. Morgan Stanley maintained the shares of SLB in report on Tuesday, April 19 with “Overweight” rating. Credit Suisse maintained Schlumberger Limited (NYSE:SLB) rating on Monday, October 23. Credit Suisse has “Outperform” rating and $71 target. The rating was maintained by BMO Capital Markets with “Hold” on Monday, January 15. The firm earned “Neutral” rating on Tuesday, May 10 by Guggenheim. Citigroup maintained Schlumberger Limited (NYSE:SLB) on Thursday, October 5 with “Buy” rating. FBR Capital maintained Schlumberger Limited (NYSE:SLB) rating on Monday, September 21. FBR Capital has “Outperform” rating and $105 target. Bernstein maintained the shares of SLB in report on Friday, May 5 with “Hold” rating. Nomura maintained the stock with “Buy” rating in Monday, April 25 report. The rating was maintained by Jefferies with “Buy” on Friday, June 30. The firm earned “Buy” rating on Friday, October 6 by Cowen & Co.

Investors sentiment decreased to 0.66 in 2017 Q4. Its down 0.22, from 0.88 in 2017Q3. It is negative, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Virtu Limited Com has 20,915 shares. Teachers Retirement Of The State Of Kentucky reported 315,343 shares. The California-based West Oak Capital Limited Liability Co has invested 0.61% in Schlumberger Limited (NYSE:SLB). The Massachusetts-based S&Co Inc has invested 0.14% in Schlumberger Limited (NYSE:SLB). Moreover, Teacher Retirement System Of Texas has 0.17% invested in Schlumberger Limited (NYSE:SLB) for 381,532 shares. Texan Cap Management holds 0.55% or 12,638 shares in its portfolio. Atlanta Com L L C invested in 63,794 shares. Peak Asset Mngmt Limited Liability holds 0.27% of its portfolio in Schlumberger Limited (NYSE:SLB) for 10,810 shares. Villere St Denis J And Limited Liability Corporation holds 142,836 shares or 0.6% of its portfolio. Spinnaker Tru owns 24,437 shares. Rockefeller Fincl holds 0.09% of its portfolio in Schlumberger Limited (NYSE:SLB) for 79,924 shares. Rr Lp stated it has 4.95% in Schlumberger Limited (NYSE:SLB). Skba Mgmt Ltd Limited Liability Company reported 224,550 shares. Capital Ca invested in 85,134 shares or 1.09% of the stock. Drexel Morgan And Com reported 18,828 shares.

More recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger Keeps Chugging Along” on April 23, 2018. Also Seekingalpha.com published the news titled: “Stay Away From Apple Component Players – Cramer’s Lightning Round (5/16/18)” on May 17, 2018. 247Wallst.com‘s news article titled: “Why Schlumberger’s Earnings Beat Isn’t Helping the Stock” with publication date: April 20, 2018 was also an interesting one.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on July, 20. 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 $637.12M for 40.64 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.

Spears Abacus Advisors Llc, which manages about $1.25B and $821.22M US Long portfolio, upped its stake in Citigroup Inc (NYSE:C) by 11,025 shares to 453,322 shares, valued at $33.73 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (IBB) by 10,456 shares in the quarter, for a total of 15,564 shares, and has risen its stake in Air Prods & Chems Inc (NYSE:APD).

Since January 22, 2018, it had 3 insider buys, and 2 sales for $6.71 million activity. $5.91M worth of Schlumberger Limited (NYSE:SLB) shares were sold by AYAT SIMON. 25,000 shares were sold by Guild Howard, worth $1.96 million. Al Mogharbel Khaled bought 3,000 shares worth $192,900. 10,000 shares valued at $646,800 were bought by KIBSGAARD PAAL on Monday, March 26.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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