Schlumberger LTD (SLB) Holder Violich Capital Management Has Raised Position by $380,800; Oracle (ORCL) Holder Platinum Investment Management LTD Has Trimmed Its Stake as Stock Declined

June 19, 2018 - By Dolores Ford

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Violich Capital Management Inc increased its stake in Schlumberger Ltd (SLB) by 9.49% based on its latest 2018Q1 regulatory filing with the SEC. Violich Capital Management Inc bought 5,950 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 68,627 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $4.45M, up from 62,677 at the end of the previous reported quarter. Violich Capital Management Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $92.86 billion market cap company. The stock increased 0.31% or $0.21 during the last trading session, reaching $67.04. About 6.11M shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 19, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 20/04/2018 – SCHLUMBERGER NV – QTRLY PRETAX OPERATING MARGIN OF 12.4% VS 11.0% REPORTED LAST YEAR; 20/04/2018 – SCHLUMBERGER NV SAYS INVESTMENT LEVEL IN INTERNATIONAL MARKET NOT SUFFICIENT – CONF CALL; 18/04/2018 – SEADRILL CEO SAYS IS CONFIDENT THAT THE OFFSHORE DRILLING RIG MARKET WILL RECOVER WITHIN THE NEXT FIVE YEARS; 20/04/2018 – SCHLUMBERGER: YET TO SEE INFLECTION POINT IN INTL PRICING; 20/04/2018 – Schlumberger 1Q Rev $7.8B; 21/05/2018 – TASS CITES RDIF HEAD DMITRIEV ON SCHLUMBERGER, EURASIA DRILLING; 04/05/2018 – Sri Lanka to sign deals with Total, Schlumberger for seismic study; 15/05/2018 – Norway’s Borr Drilling to buy five jack-up oil rigs for $720 mln; 18/04/2018 – SEADRILL CEO SAYS AIMS TO EMERGE FROM CHAPTER 11 BANKRUPTCY AT END-JUNE, EARLY JULY VS PVS PLANS OF EARLY AUGUST; 20/04/2018 – Schlumberger profit barely tops Street, says oil market balanced

Kerr Neilson decreased its stake in Oracle Corp (ORCL) by 98.68% based on its latest 2018Q1 regulatory filing with the SEC. Platinum Investment Management Ltd sold 3.78 million shares as the company’s stock declined 8.15% with the market. The hedge fund run by Kerr Neilson held 50,500 shares of the prepackaged software company at the end of 2018Q1, valued at $2.31M, down from 3.83 million at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Oracle Corp for a number of months, seems to be less bullish one the $189.91 billion market cap company. The stock increased 0.52% or $0.24 during the last trading session, reaching $46.52. About 21.47M shares traded or 37.30% up from the average. Oracle Corporation (NYSE:ORCL) has risen 3.98% since June 19, 2017 and is uptrending. It has underperformed by 8.59% the S&P500. Some Historical ORCL News: 19/03/2018 – CNBC Exclusive: CNBC Media Alert: Oracle CEO Mark Hurd Sits Down With CNBC’s Josh Lipton on Thursday March 22 at 11:00AM ET; 19/03/2018 – Tech Today: Bad Facebook, Oracle On Tap, Buying II-VI, Selling Arista — Barron’s Blog; 16/04/2018 – Oracle Co-CEO Tells Trump Pentagon Cloud Plan Makes ‘No Sense’; 20/04/2018 – Oracle + NetSuite is Recognized by Frost & Sullivan as a Leader in Customer Value for its Solutions in the Cloud-ERP for Manufa; 19/04/2018 – Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA; 14/05/2018 – Leading Analyst Firm: Oracle Continues Strong Cloud Growth; 22/05/2018 – MAT, HAL, ORCL: *Exclusive* w/@amir – Some Oracle customers are frustrated with software audit pressure and rejecting large cloud deals, with Halliburton & Mattel being two examples; 11/04/2018 – “The Loyalty Divide – Operator and Consumer Perspectives, Hotels 2018” Reveals Operators Are Struggling to Find Relevance Among Younger Guests that Demand More Personalized Incentives and Experiences; 10/04/2018 – Seventy-Seven Percent Of Consumers Feel Inefficient Customer Service Experiences Detract From Their Quality of Life; 25/04/2018 – Oracle Named a Leader Again in 2018 Gartner Magic Quadrant for Enterprise Integration Platform as a Service

Since January 22, 2018, it had 3 buys, and 3 sales for $6.93 million activity. Shares for $192,900 were bought by Al Mogharbel Khaled on Wednesday, March 28. The insider Guild Howard sold 25,000 shares worth $1.96 million. On Wednesday, January 24 the insider AYAT SIMON sold $5.91M. 10,000 shares were bought by KIBSGAARD PAAL, worth $646,800. 5,000 Schlumberger Limited (NYSE:SLB) shares with value of $323,950 were bought by Schorn Patrick.

More important recent Schlumberger Limited (NYSE:SLB) news were published by: Forbes.com which released: “Why Schlumberger’s Stock Continues To Underperform” on May 29, 2018, also Bizjournals.com published article titled: “Frank’s International names new general counsel, other executives”, Seekingalpha.com published: “An Undervalued Services Play Due For Catch-Up” on June 18, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) was released by: Finance.Yahoo.com and their article: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” with publication date: June 02, 2018.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, April 25 by Jefferies. Barclays Capital maintained Schlumberger Limited (NYSE:SLB) on Monday, March 28 with “Equal-Weight” rating. The firm has “Hold” rating by Suntrust Robinson given on Wednesday, January 18. Bernstein upgraded the shares of SLB in report on Thursday, July 6 to “Outperform” rating. The company was downgraded on Monday, April 25 by Griffen Securities. As per Friday, October 20, the company rating was maintained by Piper Jaffray. The firm has “Outperform” rating by Oppenheimer given on Thursday, October 1. Standpoint Research downgraded the stock to “Hold” rating in Wednesday, April 20 report. As per Wednesday, September 9, the company rating was maintained by Macquarie Research. On Wednesday, June 21 the stock rating was downgraded by Barclays Capital to “Equal-Weight”.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It is positive, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Syntal Capital Prns Ltd Liability owns 3,134 shares for 0.07% of their portfolio. Cetera Advisor Networks has invested 0.03% of its portfolio in Schlumberger Limited (NYSE:SLB). 25,786 are owned by Sigma Counselors. Howe And Rusling holds 708 shares or 0.01% of its portfolio. Fulton Savings Bank Na invested in 0.02% or 4,336 shares. Gamble Jones Invest Counsel invested 0.62% of its portfolio in Schlumberger Limited (NYSE:SLB). Dnb Asset As holds 277,016 shares. First Bancshares reported 0.54% stake. Crestwood Gru Limited Liability Company stated it has 1.06% of its portfolio in Schlumberger Limited (NYSE:SLB). E&G Advsrs LP has 0.32% invested in Schlumberger Limited (NYSE:SLB). Mutual Of America Ltd Liability Co holds 0.18% or 176,916 shares. Hamilton Point Invest Advsr Ltd Liability Corp stated it has 28,524 shares or 0.94% of all its holdings. 55,919 are owned by Mai Cap Mngmt. Swarthmore Group accumulated 89,075 shares. Atria Invests Ltd Liability Com holds 20,988 shares.

Violich Capital Management Inc, which manages about $374.82M and $373.69 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 6,680 shares to 105,402 shares, valued at $17.68M in 2018Q1, according to the filing. It also reduced its holding in Dell Technologies Inc Cl V by 13,160 shares in the quarter, leaving it with 147,888 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

Platinum Investment Management Ltd, which manages about $22.00 billion and $3.59 billion US Long portfolio, upped its stake in Microchip Technology Inc (NASDAQ:MCHP) by 378,400 shares to 651,200 shares, valued at $59.49 million in 2018Q1, according to the filing. It also increased its holding in Technipfmc Plc by 541,000 shares in the quarter, for a total of 8.83M shares, and has risen its stake in Zto Express Cayman Inc.

Analysts await Oracle Corporation (NYSE:ORCL) to report earnings on June, 20. They expect $0.86 EPS, up 4.88% or $0.04 from last year’s $0.82 per share. ORCL’s profit will be $3.51B for 13.52 P/E if the $0.86 EPS becomes a reality. After $0.75 actual EPS reported by Oracle Corporation for the previous quarter, Wall Street now forecasts 14.67% EPS growth.

Among 43 analysts covering Oracle (NYSE:ORCL), 26 have Buy rating, 0 Sell and 17 Hold. Therefore 60% are positive. Oracle had 118 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Tuesday, March 20. On Wednesday, October 4 the stock rating was initiated by Piper Jaffray with “Buy”. The firm earned “Overweight” rating on Friday, September 15 by Barclays Capital. As per Monday, October 19, the company rating was downgraded by Pacific Crest. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, March 16. The firm has “Outperform” rating given on Tuesday, April 26 by Macquarie Research. Evercore upgraded Oracle Corporation (NYSE:ORCL) on Wednesday, January 6 to “Buy” rating. The company was maintained on Thursday, March 30 by Wedbush. The stock has “Mkt Perform” rating by JMP Securities on Wednesday, October 14. As per Thursday, August 24, the company rating was maintained by Canaccord Genuity.

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.28, from 1.15 in 2017Q4. It dropped, as 83 investors sold ORCL shares while 569 reduced holdings. 118 funds opened positions while 449 raised stakes. 2.24 billion shares or 1.97% less from 2.29 billion shares in 2017Q4 were reported. Gradient Ltd Liability accumulated 1,847 shares. Thrivent For Lutherans reported 0.53% stake. The Pennsylvania-based Snow Capital Management Lp has invested 0.24% in Oracle Corporation (NYSE:ORCL). Logan Cap stated it has 70,086 shares. Adirondack Tru invested 0.12% of its portfolio in Oracle Corporation (NYSE:ORCL). Aviva Public Limited holds 2.02M shares. Amica Retiree Medical Tru reported 17,637 shares. Sabal has invested 0.05% of its portfolio in Oracle Corporation (NYSE:ORCL). 18,392 were reported by Roberts Glore & Company Inc Il. Northern Cap Mngmt holds 0.39% or 33,075 shares. Thomas White Ltd reported 16,411 shares stake. Vulcan Value Partners Limited Liability Co reported 8.88% in Oracle Corporation (NYSE:ORCL). Iowa Retail Bank holds 36,713 shares. Weatherly Asset Management Ltd Partnership holds 0.23% or 21,024 shares. Security Fincl Bank Of Sioux City Iowa Ia, a Iowa-based fund reported 31,487 shares.

More notable recent Oracle Corporation (NYSE:ORCL) news were published by: Benzinga.com which released: “Earnings Scheduled For June 19, 2018” on June 19, 2018, also Seekingalpha.com with their article: “Oracle -2.5% as JP Morgan steps to sidelines, Nomura lowers target” published on June 14, 2018, Streetinsider.com published: “Oracle (ORCL) PT Lowered to $51 at BofA/Merrill Lynch” on June 18, 2018. More interesting news about Oracle Corporation (NYSE:ORCL) were released by: Seekingalpha.com and their article: “No Love For Oracle: Is There An Opportunity?” published on June 10, 2018 as well as Streetinsider.com‘s news article titled: “Oracle (ORCL) PT Lowered to $52 at Piper Jaffray; Checks Suggest In-Line Qtr” with publication date: June 18, 2018.

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