Bellecapital International LTD Has Cut Its Schlumberger LTD (SLB) Holding by $655,595; Birmingham Capital Management Co Decreased Goodyear Tire & Rubber Co Com (GT) Holding as Market Value Declined

April 16, 2018 - By Vivian Park

The Goodyear Tire & Rubber Company (NASDAQ:GT) Logo

Bellecapital International Ltd decreased its stake in Schlumberger Ltd (SLB) by 27.41% based on its latest 2017Q4 regulatory filing with the SEC. Bellecapital International Ltd sold 9,785 shares as the company’s stock declined 4.39% with the market. The institutional investor held 25,910 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $1.75M, down from 35,695 at the end of the previous reported quarter. Bellecapital International Ltd who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $94.45B market cap company. The stock increased 0.29% or $0.2001 during the last trading session, reaching $68.1501. About 2.88M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 16, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Birmingham Capital Management Co Inc decreased its stake in Goodyear Tire & Rubber Co Com (GT) by 9.15% based on its latest 2017Q4 regulatory filing with the SEC. Birmingham Capital Management Co Inc sold 18,020 shares as the company’s stock declined 18.63% with the market. The institutional investor held 178,875 shares of the automotive aftermarket company at the end of 2017Q4, valued at $5.78 million, down from 196,895 at the end of the previous reported quarter. Birmingham Capital Management Co Inc who had been investing in Goodyear Tire & Rubber Co Com for a number of months, seems to be less bullish one the $6.78B market cap company. The stock increased 1.26% or $0.35 during the last trading session, reaching $28.19. About 757,074 shares traded. The Goodyear Tire & Rubber Company (NASDAQ:GT) has declined 25.73% since April 16, 2017 and is downtrending. It has underperformed by 37.28% the S&P500.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 143 analyst reports since July 22, 2015 according to SRatingsIntel. Scotia Capital maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, March 23. Scotia Capital has “Buy” rating and $95 target. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) on Friday, October 6 with “Buy” rating. Nomura maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 25. Nomura has “Buy” rating and $88 target. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, April 26 report. The firm has “Overweight” rating by Barclays Capital given on Wednesday, April 20. RBC Capital Markets maintained Schlumberger Limited (NYSE:SLB) rating on Tuesday, January 16. RBC Capital Markets has “Buy” rating and $80.0 target. The firm earned “Buy” rating on Thursday, December 21 by RBC Capital Markets. The company was upgraded on Tuesday, July 19 by Societe Generale. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Piper Jaffray on Thursday, July 20. The rating was maintained by Credit Suisse with “Outperform” on Monday, April 4.

Bellecapital International Ltd, which manages about $508.69M and $123.71M US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 4,110 shares to 6,260 shares, valued at $669,000 in 2017Q4, according to the filing. It also increased its holding in Alibaba Group Hldg Ltd (NYSE:BABA) by 3,204 shares in the quarter, for a total of 25,872 shares, and has risen its stake in Fastenal Co (NASDAQ:FAST).

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on April, 20 before the open. They expect $0.40 EPS, up 60.00% or $0.15 from last year’s $0.25 per share. SLB’s profit will be $554.38M for 42.59 P/E if the $0.40 EPS becomes a reality. After $0.48 actual EPS reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.

Investors sentiment decreased to 0.66 in 2017 Q4. Its down 0.22, from 0.88 in 2017Q3. It worsened, 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. Wafra Invest Advisory Grp New York accumulated 15,446 shares. Deprince Race Zollo holds 492,172 shares. Andra Ap invested in 0.15% or 98,300 shares. Confluence Inv Management has 540,669 shares for 0.67% of their portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.18% in Schlumberger Limited (NYSE:SLB). Lynch And Assoc In reported 8,300 shares or 0.21% of all its holdings. Acadian Asset Management Ltd Liability stated it has 21,801 shares. Pacad Inv Ltd reported 23,400 shares stake. Louisiana State Employees Retirement Systems invested in 83,900 shares. Cardinal Mngmt accumulated 39,765 shares. Regions Corp invested 0.87% of its portfolio in Schlumberger Limited (NYSE:SLB). Sirios Capital Lp has invested 1.83% in Schlumberger Limited (NYSE:SLB). 37,059 were reported by City Holdg Co. Mcrae Mngmt accumulated 5,306 shares or 0.15% of the stock. Pitcairn Com invested in 0.07% or 11,077 shares.

Since October 24, 2017, it had 3 buys, and 3 sales for $6.93 million activity. KIBSGAARD PAAL bought $646,800 worth of stock. Guild Howard also sold $1.96 million worth of Schlumberger Limited (NYSE:SLB) on Monday, January 22. 5,000 shares valued at $323,950 were bought by Schorn Patrick on Monday, March 26. On Wednesday, March 28 the insider Al Mogharbel Khaled bought $192,900. SANDVOLD TORE I had sold 3,500 shares worth $219,205 on Tuesday, October 24.

Birmingham Capital Management Co Inc, which manages about $295.57 million and $261.31M US Long portfolio, upped its stake in General Mills (NYSE:GIS) by 10,400 shares to 17,400 shares, valued at $1.03 million in 2017Q4, according to the filing.

Among 13 analysts covering Goodyear Tire (NASDAQ:GT), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Goodyear Tire had 34 analyst reports since October 28, 2015 according to SRatingsIntel. The company was maintained on Tuesday, November 10 by Argus Research. The firm has “Buy” rating by Jefferies given on Sunday, January 28. On Thursday, March 22 the stock rating was maintained by Morgan Stanley with “Overweight”. As per Friday, July 28, the company rating was maintained by Morgan Stanley. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has “Hold” rating given on Friday, July 28 by Deutsche Bank. Goldman Sachs maintained The Goodyear Tire & Rubber Company (NASDAQ:GT) rating on Tuesday, August 1. Goldman Sachs has “Hold” rating and $2900 target. Jefferies maintained the stock with “Buy” rating in Monday, August 7 report. Guggenheim maintained the shares of GT in report on Monday, January 8 with “Hold” rating. The firm has “Neutral” rating by Guggenheim given on Wednesday, November 1. The stock of The Goodyear Tire & Rubber Company (NASDAQ:GT) has “Neutral” rating given on Thursday, March 30 by Goldman Sachs.

Analysts await The Goodyear Tire & Rubber Company (NASDAQ:GT) to report earnings on April, 27. They expect $0.53 earnings per share, down 28.38% or $0.21 from last year’s $0.74 per share. GT’s profit will be $127.45M for 13.30 P/E if the $0.53 EPS becomes a reality. After $0.99 actual earnings per share reported by The Goodyear Tire & Rubber Company for the previous quarter, Wall Street now forecasts -46.46% negative EPS growth.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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