June 6, 2019

Schlumberger LTD (SLB) Holding Maintained by Rnc Capital Management Llc; Horseman Capital Management LTD Boosted Stake in Jpmorgan Chase & Co (JPM) by $585,800 as Stock Rose

Rnc Capital Management Llc increased its stake in Schlumberger Ltd (SLB) by 72.95% based on its latest 2019Q1 regulatory filing with the SEC. Rnc Capital Management Llc bought 240,688 shares as the company’s stock declined 11.46% while stock markets rallied. The institutional investor held 570,617 shares of the oilfield services and equipment company at the end of 2019Q1, valued at $24.86 million, up from 329,929 at the end of the previous reported quarter. Rnc Capital Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $48.40B market cap company. The stock decreased 2.21% or $0.79 during the last trading session, reaching $34.94. About 8.96 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 45.07% since June 5, 2018 and is downtrending. It has underperformed by 49.50% the S&P500.

Since January 13, 2019, it had 3 insider purchases, and 5 insider sales for $2.79 million activity. $1.96M worth of stock was sold by Scher Peter on Tuesday, January 29. Petno Douglas B sold $1.22M worth of stock. Beer Lori A sold 13,341 shares worth $1.40 million. $518,950 worth of JPMorgan Chase & Co. (NYSE:JPM) shares were bought by CROWN JAMES S. BACON ASHLEY sold 5,831 shares worth $599,304. Friedman Stacey also sold $317,310 worth of JPMorgan Chase & Co. (NYSE:JPM) shares.

Investors sentiment increased to 1.1 in Q1 2019. Its up 0.10, from 1 in 2018Q4. It is positive, as 51 investors sold JPM shares while 686 reduced holdings. 134 funds opened positions while 675 raised stakes. 2.32 billion shares or 0.30% less from 2.33 billion shares in 2018Q4 were reported. 32,725 are owned by Mirador Capital Prns Ltd Partnership. Amer Assets Management Lc holds 162,600 shares or 2.66% of its portfolio. Davidson Advisors invested in 3.05% or 287,449 shares. Jane Street Grp Ltd Liability Com stated it has 0.12% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM).

Maine-based Spinnaker Tru has invested 0.3% in JPMorgan Chase & Co. (NYSE:JPM). Destination Wealth Mgmt accumulated 6,652 shares. Elkhorn Prtnrs Lp accumulated 3,000 shares or 0.18% of the stock. Cibc World Mkts owns 533,363 shares for 0.44% of their portfolio. Oak Ridge Invs Lc reported 0.06% stake. Schmidt P J Investment reported 37,347 shares or 1.11% of all its holdings. 5,489 were reported by Tudor Invest Corp Et Al. Cove Street Capital Limited Liability Co invested in 0.89% or 72,234 shares. Miles Cap holds 0.45% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 5,097 shares. Zebra Management Ltd Com owns 3,166 shares. Profit Inv Mgmt reported 9,794 shares or 0.76% of all its holdings.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: Bizjournals.com which released: “J.P. Morgan Chase to acquire Phila.-based health tech firm for $500M – Philadelphia Business Journal” on May 17, 2019, also Fool.com with their article: “Why JPMorgan Chase Stock Climbed 14.6% in April – Motley Fool” published on May 07, 2019, Prnewswire.com published: “JP Morgan Launches New Digital Bond Ladder Tool – PRNewswire” on May 08, 2019.

More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Investorplace.com and their article: “7 Small-Cap ETFs to Buy Now – Investorplace.com” published on June 04, 2019 as well as Streetinsider.com‘s news article titled: “Buffett’s Berkshire Hathaway Confirms New Amazon (AMZN) Stake, Adds Delta (DAL), JPMorgan (JPM) (more…) – StreetInsider.com” with publication date: May 15, 2019.

Horseman Capital Management Ltd, which manages about $290.64 million US Long portfolio, decreased its stake in Us Bancorp (NYSE:USB) by 9,000 shares to 16,900 shares, valued at $814,000 in 2019Q1, according to the filing. It also reduced its holding in Alphabet Inc by 530 shares in the quarter, leaving it with 5,170 shares, and cut its stake in Cognizant Technology Solutions Corp (NASDAQ:CTSH).

Since December 20, 2018, it had 1 insider buy, and 1 insider sale for $284,500 activity. $375,500 worth of stock was bought by Schorn Patrick on Thursday, December 20.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “S&P downgrades Schlumberger credit rating, lowers Halliburton outlook – Seeking Alpha” on May 24, 2019, also Benzinga.com with their article: “Jim Cramer Advises His Viewers On Schlumberger, Applied Materials And More – Benzinga” published on May 16, 2019, Investorplace.com published: “3 Oil Stocks to Drop Now – Investorplace.com” on May 24, 2019.

More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Bizjournals.com and their article: “Schlumberger to sell 3 businesses to Houston co. for $400M – Houston Business Journal” published on May 16, 2019 as well as Finance.Yahoo.com‘s news article titled: “Does The Data Make Schlumberger Limited (NYSE:SLB) An Attractive Investment? – Yahoo Finance” with publication date: May 09, 2019.

Investors sentiment increased to 1.16 in Q1 2019. Its up 0.67, from 0.49 in 2018Q4. It increased, as 66 investors sold SLB shares while 407 reduced holdings. 132 funds opened positions while 416 raised stakes. 1.01 billion shares or 3.01% less from 1.04 billion shares in 2018Q4 were reported. The Delaware-based Dupont Cap Mgmt has invested 0.24% in Schlumberger Limited (NYSE:SLB). Mcf Advsr Lc stated it has 0% of its portfolio in Schlumberger Limited (NYSE:SLB). Dimensional Fund Advsr LP owns 5.29 million shares or 0.09% of their US portfolio.

Ariel Investments Limited Liability Corporation, Illinois-based fund reported 1.84M shares. 10,215 were accumulated by Trustmark Bancorporation Tru Department. Tiverton Asset Lc accumulated 0.1% or 51,519 shares. Whittier Trust holds 0.05% or 40,295 shares. Wms Ptnrs Ltd Liability holds 0.06% or 5,464 shares. Canal Insurance has invested 1.48% of its portfolio in Schlumberger Limited (NYSE:SLB). 230,800 are held by Capital Intll Sarl. Cap Fin Advisers Ltd Co holds 460,783 shares. Douglass Winthrop Limited Liability Co has 10,190 shares. Fisher Asset Management Ltd Liability Corporation invested in 0.33% or 6.77 million shares. Hardman Johnston Global Advisors Limited Com invested in 459,147 shares. Fincl Mgmt Incorporated has invested 0.11% in Schlumberger Limited (NYSE:SLB).

Source : https://nbonews.com/schlumberger-ltd-slb-holding-maintained-by-rnc-capital-management-llc-horseman-capital-management-ltd-boosted-stake-in-jpmorgan-chase-co-jpm-by-585800-as-stock-rose/