Css Position in Csx (Put) (CSX) Decreased by $687,500; Schlumberger LTD (SLB) Share Value Declined While Matrix Asset Advisors Has Boosted Stake

May 27, 2018 - By Vivian Park

Schlumberger Limited (NYSE:SLB) Logo

Matrix Asset Advisors Inc increased its stake in Schlumberger Ltd (SLB) by 24.85% based on its latest 2017Q4 regulatory filing with the SEC. Matrix Asset Advisors Inc bought 37,983 shares as the company’s stock declined 4.39% with the market. The institutional investor held 190,822 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $12.86 million, up from 152,839 at the end of the previous reported quarter. Matrix Asset Advisors Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $95.02B market cap company. The stock decreased 3.68% or $2.62 during the last trading session, reaching $68.6. About 10.72 million shares traded or 53.20% up from the average. Schlumberger Limited (NYSE:SLB) has declined 16.28% since May 27, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Css Llc decreased its stake in Csx Corp (Put) (CSX) by 83.33% based on its latest 2017Q4 regulatory filing with the SEC. Css Llc sold 12,500 shares as the company’s stock declined 0.55% with the market. The institutional investor held 2,500 shares of the railroads company at the end of 2017Q4, valued at $138,000, down from 15,000 at the end of the previous reported quarter. Css Llc who had been investing in Csx Corp (Put) for a number of months, seems to be less bullish one the $56.62 billion market cap company. The stock increased 0.39% or $0.25 during the last trading session, reaching $64.68. About 3.35 million shares traded. CSX Corporation (NYSE:CSX) has risen 18.37% since May 27, 2017 and is uptrending. It has outperformed by 6.82% the S&P500.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on July, 17. They expect $0.84 earnings per share, up 31.25% or $0.20 from last year’s $0.64 per share. CSX’s profit will be $735.30M for 19.25 P/E if the $0.84 EPS becomes a reality. After $0.78 actual earnings per share reported by CSX Corporation for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 20 have Buy rating, 2 Sell and 9 Hold. Therefore 65% are positive. CSX Corporation had 122 analyst reports since August 13, 2015 according to SRatingsIntel. The stock of CSX Corporation (NASDAQ:CSX) earned “Buy” rating by Bank of America on Tuesday, June 6. The rating was downgraded by Morgan Stanley to “Underweight” on Tuesday, February 23. As per Friday, December 4, the company rating was downgraded by Bank of America. On Friday, March 2 the stock rating was maintained by UBS with “Buy”. On Friday, January 27 the stock rating was maintained by RBC Capital Markets with “Outperform”. CLSA initiated CSX Corporation (NASDAQ:CSX) on Thursday, May 19 with “Underperform” rating. Cowen & Co maintained CSX Corporation (NASDAQ:CSX) on Friday, July 28 with “Hold” rating. Raymond James upgraded CSX Corporation (NASDAQ:CSX) on Friday, April 21 to “Outperform” rating. Susquehanna maintained CSX Corporation (NASDAQ:CSX) on Tuesday, January 16 with “Buy” rating. The rating was maintained by RBC Capital Markets on Wednesday, September 6 with “Buy”.

Css Llc, which manages about $2.03 billion US Long portfolio, upped its stake in Clovis Oncology Inc (Prn) by 1.00M shares to 6.25 million shares, valued at $8.43 million in 2017Q4, according to the filing. It also increased its holding in Caesars Entmt Corp (NASDAQ:CZR) by 2.67 million shares in the quarter, for a total of 2.75M shares, and has risen its stake in Spdr Series Trust (Call) (KRE).

Investors sentiment increased to 0.8 in 2017 Q4. Its up 0.14, from 0.66 in 2017Q3. It improved, as 66 investors sold CSX shares while 324 reduced holdings. 97 funds opened positions while 215 raised stakes. 602.87 million shares or 1.51% less from 612.12 million shares in 2017Q3 were reported. 59,759 were reported by Gotham Asset Mngmt. Oakworth Capital accumulated 0.12% or 9,274 shares. Locust Wood Capital Advisers Ltd Liability Com holds 451,697 shares. M&R Cap Management Inc, New York-based fund reported 138,476 shares. Compton Cap Management Ri holds 0.09% or 4,000 shares. Mutual Of America holds 0.1% or 113,707 shares. Scotia Capital accumulated 57,018 shares. Services Automobile Association has invested 0.17% in CSX Corporation (NASDAQ:CSX). Millennium Management Ltd Llc owns 2.30 million shares. Northern Trust reported 0.15% stake. Hsbc Public Limited Company stated it has 964,214 shares. Smith And Howard Wealth Mngmt Ltd reported 0.1% in CSX Corporation (NASDAQ:CSX). Carnegie Capital Asset Mngmt Ltd Company holds 1.07% or 228,250 shares. Marshwinds Advisory has invested 0.57% in CSX Corporation (NASDAQ:CSX). Lodge Hill Capital Limited Liability Corporation invested 1.86% of its portfolio in CSX Corporation (NASDAQ:CSX).

Since May 2, 2018, it had 1 insider buy, and 0 insider sales for $299,550 activity.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Nasdaq.com which released: “CSX Advances Efforts to Assess Operational Safety” on May 25, 2018, also Benzinga.com with their article: “Goldman Sachs Upgrades CSX, Downgrades Canadian National In Second Look At Rail Stocks” published on May 14, 2018, Bizjournals.com published: “CSX shareholders divided on how much former CEO is owed” on May 08, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Nasdaq.com and their article: “CSX Corporation Chief Financial Officer to Address Bank of America Merrill Lynch Transportation Conference” published on May 08, 2018 as well as Bizjournals.com‘s news article titled: “CSX ordered to pay $3.3 million after safety mishap” with publication date: May 07, 2018.

Matrix Asset Advisors Inc, which manages about $977.80M and $630.20M US Long portfolio, decreased its stake in Thermo Fisher Scientific Inc (NYSE:TMO) by 2,428 shares to 64,640 shares, valued at $12.27M in 2017Q4, according to the filing. It also reduced its holding in Devon Energy Corp New (NYSE:DVN) by 15,999 shares in the quarter, leaving it with 194,597 shares, and cut its stake in Te Connectivity Ltd (NYSE:TEL).

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 149 analyst reports since July 22, 2015 according to SRatingsIntel. As per Monday, October 19, the company rating was maintained by Oppenheimer. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Loop Capital on Thursday, October 26. The stock has “Buy” rating by UBS on Wednesday, September 30. The firm earned “Buy” rating on Friday, July 7 by Cowen & Co. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 20. The stock has “Buy” rating by Wells Fargo on Friday, October 20. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Buy” rating on Wednesday, July 5 by RBC Capital Markets. Nomura maintained the stock with “Buy” rating in Tuesday, August 16 report. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Friday, October 6 by RBC Capital Markets.

Since January 22, 2018, it had 3 insider buys, and 3 insider sales for $6.93 million activity. 3,000 shares valued at $192,900 were bought by Al Mogharbel Khaled on Wednesday, March 28. Shares for $646,800 were bought by KIBSGAARD PAAL. 3,000 shares were sold by Jaramillo Claudia, worth $218,049 on Wednesday, May 16. Guild Howard sold $1.96M worth of stock. $323,950 worth of Schlumberger Limited (NYSE:SLB) was bought by Schorn Patrick.

Investors sentiment decreased to 0.66 in Q4 2017. 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. Segall Bryant Hamill holds 0.73% in Schlumberger Limited (NYSE:SLB) or 492,480 shares. Yorktown Mngmt And Incorporated has invested 0.44% of its portfolio in Schlumberger Limited (NYSE:SLB). Mu stated it has 0.02% in Schlumberger Limited (NYSE:SLB). Northwestern Mutual Wealth Mngmt, Wisconsin-based fund reported 41,795 shares. 39,072 were accumulated by Salem. Cardinal Cap holds 0.81% of its portfolio in Schlumberger Limited (NYSE:SLB) for 39,765 shares. Compton Capital Inc Ri owns 5,800 shares. Adams Asset Ltd Liability Corp reported 214,944 shares. First Citizens National Bank & Company holds 0.03% or 3,851 shares in its portfolio. Moreover, Smithbridge Asset De has 1.21% invested in Schlumberger Limited (NYSE:SLB). Premier Asset Mgmt Ltd Liability Corp has invested 0.13% in Schlumberger Limited (NYSE:SLB). Bremer Tru National Association holds 0.07% or 3,772 shares in its portfolio. Spc Fin invested in 4,311 shares. Welch & Forbes Ltd Com stated it has 575,917 shares or 1.04% of all its holdings. 10,675 were reported by E&G Advsr Lp.

CSX Corporation (NASDAQ:CSX) Institutional Positions Chart

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