Schlumberger LTD (SLB) Share Value Declined While Benin Management Lowered Its Holding; First Wilshire Securities Management Has Decreased Its Lsb Inds (LXU) Position by $383,330; Share Price Declined

Schlumberger Limited (NYSE:SLB) Logo

First Wilshire Securities Management Inc decreased its stake in Lsb Inds Inc (LXU) by 42.89% based on its latest 2018Q4 regulatory filing with the SEC. First Wilshire Securities Management Inc sold 76,666 shares as the company’s stock declined 11.01% while stock markets rallied. The hedge fund held 102,105 shares of the major chemicals company at the end of 2018Q4, valued at $564,000, down from 178,771 at the end of the previous reported quarter. First Wilshire Securities Management Inc who had been investing in Lsb Inds Inc for a number of months, seems to be less bullish one the $179.39 million market cap company. The stock decreased 2.50% or $0.16 during the last trading session, reaching $6.24. About 79,367 shares traded. LSB Industries, Inc. (NYSE:LXU) has declined 7.70% since March 31, 2018 and is downtrending. It has underperformed by 12.07% the S&P500. Some Historical LXU News: 07/05/2018 – LSB Industries Presenting at Morgan Stanley Conference Jun 6; 03/05/2018 – LSB Industries Presenting at Conference May 10; 20/04/2018 – LSB INDUSTRIES-ON APRIL 16, CO, UNITS SIGNATORY THERETO ENTERED FIRST AMENDMENT TO THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT – SEC FILING; 09/05/2018 – LSB Industries Presenting at Goldman Sachs Conference Tomorrow; 25/04/2018 – LSB Industries, Inc. Announces Completion of $400 Million Notes Offering and Settlement of Tender Offer; 16/04/2018 – LSB INDUSTRIES CASH TENDER OFFER FOR 8.50% SR SECURED NOTES; 05/04/2018 – LSB Industries, Inc. Provides 2018 First Quarter Outlook; 25/04/2018 – LSB INDUSTRIES INC – QTRLY BASIC AND DILUTED NET LOSS PER COMMON SHARE $0.49; 16/04/2018 – MOODY’S ASSIGNS CAA1 RATING TO LSB’S NEW NOTES; 25/04/2018 – LSB Industries, Inc. Announces Completion of $400 M Notes Offering and Settlement of Tender Offer

Benin Management Corp decreased its stake in Schlumberger Ltd (SLB) by 35.28% based on its latest 2018Q4 regulatory filing with the SEC. Benin Management Corp sold 45,100 shares as the company’s stock declined 2.52% while stock markets rallied. The institutional investor held 82,748 shares of the oilfield services and equipment company at the end of 2018Q4, valued at $2.99M, down from 127,848 at the end of the previous reported quarter. Benin Management Corp who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $60.39B market cap company. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.57. About 7.98 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 30.63% since March 31, 2018 and is downtrending. It has underperformed by 35.00% the S&P500. Some Historical SLB News: 28/04/2018 – Russia gives tentative nod to Schlumberger’s acquisition of EDC – RIA; 12/04/2018 – RUSSIAN WATCHDOG: TALKS ONGOING W/ SCHLUMBERGER ON EDCL DEAL; 18/05/2018 – 2018 Global Oilfield Services Market Procurement Intelligence Report – Rise in Demand for Energy is Driving the Market – ResearchAndMarkets.com; 20/04/2018 – Schlumberger quarterly profit surges 88 pct; 21/05/2018 – TASS CITES RDIF HEAD DMITRIEV ON SCHLUMBERGER, EURASIA DRILLING; 15/03/2018 – RUSSIA, SCHLUMBERGER DISCUSS SMALLER STAKE IN EDC: TASS; 06/03/2018 – SCHLUMBERGER CEO CONCLUDES COMMENTS AT CERAWEEK CONFERENCE; 20/04/2018 – Schlumberger 1Q Rev $7.8B; 20/04/2018 – SCHLUMBERGER: YET TO SEE INFLECTION POINT IN INTL PRICING; 20/04/2018 – SCHLUMBERGER SEES U.S. DRILLING WORK GROWING IN COMING QUARTERS

Investors sentiment decreased to 0.49 in 2018 Q4. Its down 0.48, from 0.97 in 2018Q3. It turned negative, as 205 investors sold SLB shares while 587 reduced holdings. 107 funds opened positions while 278 raised stakes. 1.04 billion shares or 1.72% more from 1.02 billion shares in 2018Q3 were reported. Commerce Of Virginia Va accumulated 101,188 shares. International Sarl stated it has 262,800 shares or 1.14% of all its holdings. Covington Mngmt stated it has 31,642 shares or 0.08% of all its holdings. Campbell Company Inv Adviser Limited Liability has invested 0.5% in Schlumberger Limited (NYSE:SLB). Tiaa Cref Investment Management Limited Company owns 5.26 million shares for 0.15% of their portfolio. Bb&T Corporation invested 0.13% of its portfolio in Schlumberger Limited (NYSE:SLB). Amundi Pioneer Asset Mngmt invested in 2.47M shares. American Assets Inc has 0.15% invested in Schlumberger Limited (NYSE:SLB). Middleton & Inc Ma holds 0.35% or 52,998 shares in its portfolio. Nelson Roberts Inv Advsrs Ltd Liability Corp reported 0.46% of its portfolio in Schlumberger Limited (NYSE:SLB). Neville Rodie & Shaw reported 97,652 shares stake. Motco holds 0.21% of its portfolio in Schlumberger Limited (NYSE:SLB) for 52,069 shares. Ashfield Cap Ptnrs Limited Liability Co, a California-based fund reported 20,095 shares. Manufacturers Life The has 7.32 million shares for 0.33% of their portfolio. Associated Banc accumulated 0.62% or 264,780 shares.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 18 before the open. They expect $0.30 earnings per share, down 21.05% or $0.08 from last year’s $0.38 per share. SLB’s profit will be $415.79 million for 36.31 P/E if the $0.30 EPS becomes a reality. After $0.36 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: 247Wallst.com which released: “Top Oilfield Services Stocks Remain Cheap as Oil Surges Higher – 24/7 Wall St.” on March 27, 2019, also Seekingalpha.com with their article: “Trading The Slob: Schlumberger Under $40 Is Winning – Seeking Alpha” published on January 29, 2019, Seekingalpha.com published: “Schlumberger to take no new field management projects, CEO says – Seeking Alpha” on March 25, 2019. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Forbes.com and their article: “A Closer Look At Schlumberger’s Deal With Rockwell Automation – Forbes” published on March 26, 2019 as well as Seekingalpha.com‘s news article titled: “Will Q4 Results Prove Schlumberger Has Peaked? – Seeking Alpha” with publication date: January 16, 2019.

Since December 20, 2018, it had 1 insider purchase, and 1 insider sale for $284,500 activity. 10,000 shares were bought by Schorn Patrick, worth $375,500.

More notable recent LSB Industries, Inc. (NYSE:LXU) news were published by: Prnewswire.com which released: “LSB INDUSTRIES INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of LSB Industries, Inc. – LXU – PR Newswire” on May 04, 2018, also Businesswire.com with their article: “LSB Industries, Inc. Announces Reduction in Size of Board of Directors – Business Wire” published on October 30, 2017, Businesswire.com published: “LSB Industries, Inc. Announces CEO Transition – Business Wire” on January 02, 2019. More interesting news about LSB Industries, Inc. (NYSE:LXU) were released by: Seekingalpha.com and their article: “LSB Industries, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on February 27, 2019 as well as Businesswire.com‘s news article titled: “LSB Industries, Inc. to Participate in the Sidoti & Company Fall 2018 Conference on Thursday, September 27th – Business Wire” with publication date: September 20, 2018.

First Wilshire Securities Management Inc, which manages about $648.73 million and $265.99 million US Long portfolio, upped its stake in Superior Grp Of Companies In (NASDAQ:SGC) by 185,087 shares to 201,569 shares, valued at $3.56M in 2018Q4, according to the filing. It also increased its holding in Kraton Corporation (NYSE:KRA) by 60,891 shares in the quarter, for a total of 162,227 shares, and has risen its stake in General Electric Co (NYSE:GE).

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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