Short Interest Alert: Today Schlumberger Limited (NYSE:SLB) Reported Increase in Shorted Shares

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Alert: Today Schlumberger Limited (NYSE:SLB) Reported Increase in Shorted Shares

The stock of Schlumberger Limited (NYSE:SLB) registered an increase of 4.14% in short interest. SLB’s total short interest was 18.30 million shares in November as published by FINRA. Its up 4.14% from 17.58M shares, reported previously. With 5.78 million shares average volume, it will take short sellers 3 days to cover their SLB’s short positions. The short interest to Schlumberger Limited’s float is 1.32%. The stock increased 0.05% or $0.04 on November 15, hitting $81.16. About 500 shares traded hands. Schlumberger Limited. (NYSE:SLB) has risen 5.18% since April 14, 2016 and is uptrending. It has outperformed by 0.50% the S&P500.

Schlumberger N.V. is a supplier of technology, integrated project management and information solutions to the international gas and oil exploration and production industry. The company has a market cap of $116.43 billion. The Firm operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production. It currently has negative earnings. Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Insitutional Activity: The institutional sentiment increased to 1.59 in Q2 2016. Its up 0.42, from 1.17 in 2016Q1. The ratio is positive, as 60 funds sold all Schlumberger Limited. shares owned while 438 reduced positions. 109 funds bought stakes while 682 increased positions. They now own 1.07 billion shares or 5.14% more from 1.02 billion shares in 2016Q1.
Kingfisher Capital Ltd Liability Com has 0% invested in the company for 19,616 shares. Tph Asset Management Ltd has 164,050 shares for 1.26% of their US portfolio. Foster Dykema Cabot & Ma holds 3.16% or 171,198 shares in its portfolio. Dumont & Blake Advisors Ltd Liability, a New Jersey-based fund reported 21,621 shares. Essex Invest Mgmt Communication Ltd Liability Corporation reported 110,745 shares or 1.46% of all its holdings. Spinnaker Trust accumulated 16,574 shares or 0.18% of the stock. The New York-based Richard Bernstein Advisors Limited Liability Com has invested 0.78% in Schlumberger Limited. (NYSE:SLB). Mcf Advisors Limited Liability Company has invested 0.01% of its portfolio in Schlumberger Limited. (NYSE:SLB). The Massachusetts-based Renaissance Invest Llc has invested 0.28% in Schlumberger Limited. (NYSE:SLB). Klingenstein Fields And Ltd Liability Company holds 1.49% of its portfolio in Schlumberger Limited. (NYSE:SLB) for 402,333 shares. Concert Wealth Mngmt holds 24,708 shares or 0.27% of its portfolio. Schulhoff Inc has 7,144 shares for 0.35% of their US portfolio. D E Shaw And owns 2.52M shares or 0.37% of their US portfolio. Bartlett & Ltd Company owns 375,637 shares or 1.47% of their US portfolio. Dynamic Advsrs Solutions Limited Liability Corporation, a Arizona-based fund reported 6,177 shares.

Insider Transactions: Since May 31, 2016, the stock had 1 insider buy, and 11 sales for $11.32 million net activity. MARKS MICHAEL E sold $1.10M worth of stock or 13,600 shares. Olayan Lubna S. bought $115,605 worth of stock or 1,500 shares. 4,227 shares with value of $331,904 were sold by Biguet Stephane on Tuesday, August 2. Another trade for 8,001 shares valued at $645,281 was sold by Rowe Robert Scott. KIBSGAARD PAAL had sold 32,857 shares worth $2.63M on Thursday, June 9. $732,705 worth of Schlumberger Limited. (NYSE:SLB) shares were sold by Schorn Patrick. 1,000 shares were sold by Laureles Saul R., worth $80,620.

Schlumberger Limited. (NYSE:SLB) Ratings Coverage

Out of 24 analysts covering Schlumberger Limited. (NYSE:SLB), 20 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 83% are positive. Schlumberger Limited. has been the topic of 73 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the shares of SLB in a report on Monday, April 4 with “Buy” rating. On Tuesday, April 26 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Schlumberger Limited. (NYSE:SLB) earned “Buy” rating by Argus Research on Tuesday, October 20. The rating was maintained by Citigroup with “Buy” on Monday, October 5. Citigroup maintained Schlumberger Limited. (NYSE:SLB) on Wednesday, October 5 with “Buy” rating. BMO Capital Markets maintained it with “Outperform” rating and $105.0 target price in Friday, September 4 report. The firm earned “Overweight” rating on Wednesday, April 20 by Barclays Capital. The company was maintained on Monday, January 25 by Oppenheimer. The firm has “Sell” rating by Griffen Securities given on Monday, April 25. Cowen & Co maintained the shares of SLB in a report on Friday, October 16 with “Outperform” rating.

SLB Company Profile

Schlumberger N.V., incorporated on November 6, 1956, is a supplier of technology, integrated project management and information solutions to the international gas and oil exploration and production industry. The Firm operates in the oilfield service markets through three groups: Reservoir Characterization, Drilling and Production.

More recent Schlumberger Limited. (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger Limited: No Evidence Of Productivity Improvements Is Seen Yet” on November 15, 2016. Also Etfdailynews.com published the news titled: “Schlumberger Limited Posts Mixed Q3 Earnings, Sees Oil Markets Improving” on October 20, 2016. Forbes.com‘s news article titled: “Why Schlumberger’s Stock Dropped Despite Strong Profits In The Quarter” with publication date: October 24, 2016 was also an interesting one.

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By Pete Kolinski


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