April 28, 2016

Societe Generale Downgraded Schlumberger Limited. (SLB)


Schlumberger Limited. (NYSE:SLB) was downgraded by research analysts at Societe Generale from a “buy” rating to a “hold” rating in a report released on Thursday, The Flyreports.

Several institutional investors have made changes to their positions in the stock. Capital World Investors boosted its position in shares of Schlumberger Limited. by 75.4% in the fourth quarter. Capital World Investors now owns 35,732,039 shares of the company’s stock worth $2,492,310,000 after buying an additional 15,360,356 shares during the last quarter. Norges Bank acquired a new position in shares of Schlumberger Limited. during the fourth quarter worth approximately $846,136,000. Massachusetts Financial Services Co. MA boosted its position in shares of Schlumberger Limited. by 14.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,956,930 shares of the company’s stock worth $1,461,745,000 after buying an additional 2,580,900 shares during the last quarter. Northern Cross LLC boosted its position in shares of Schlumberger Limited. by 23.2% in the fourth quarter. Northern Cross LLC now owns 13,104,637 shares of the company’s stock worth $914,048,000 after buying an additional 2,467,374 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Schlumberger Limited. by 51.2% in the fourth quarter. American Century Companies Inc. now owns 4,618,198 shares of the company’s stock worth $322,119,000 after buying an additional 1,562,838 shares during the last quarter.

Source: Mideast Time.