Schlumberger LTD (SLB) Share Value Declined While Glynn Capital Management Increased by $382,950 Its Holding; State Of New Jersey Common Pension Fund D Lowered Chicago Bridge & Iron Co N V (CBI) Position as Share Price Declined

January 21, 2018 - By Hazel Jackson

State Of New Jersey Common Pension Fund D decreased its stake in Chicago Bridge & Iron Co N V (CBI) by 29.41% based on its latest 2017Q3 regulatory filing with the SEC. State Of New Jersey Common Pension Fund D sold 100,000 shares as the company’s stock declined 38.73% while stock markets rallied. The institutional investor held 240,000 shares of the engineering & construction company at the end of 2017Q3, valued at $4.03M, down from 340,000 at the end of the previous reported quarter. State Of New Jersey Common Pension Fund D who had been investing in Chicago Bridge & Iron Co N V for a number of months, seems to be less bullish one the $1.92B market cap company. The stock increased 0.53% or $0.1 during the last trading session, reaching $18.97. About 2.02M shares traded. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 42.76% since January 21, 2017 and is downtrending. It has underperformed by 59.46% the S&P500.

Glynn Capital Management Llc increased its stake in Schlumberger Ltd. (SLB) by 34.69% based on its latest 2017Q3 regulatory filing with the SEC. Glynn Capital Management Llc bought 5,550 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund held 21,550 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $1.50 million, up from 16,000 at the end of the previous reported quarter. Glynn Capital Management Llc who had been investing in Schlumberger Ltd. for a number of months, seems to be bullish on the $105.86 billion market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $76.42. About 13.39M shares traded or 45.35% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 21, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

State Of New Jersey Common Pension Fund D, which manages about $25.04B US Long portfolio, upped its stake in Rockwell Collins Inc (NYSE:COL) by 335,000 shares to 445,000 shares, valued at $58.17M in 2017Q3, according to the filing. It also increased its holding in Voya Finl Inc (NYSE:VOYA) by 100,000 shares in the quarter, for a total of 800,000 shares, and has risen its stake in Cubesmart (NYSE:CUBE).

Since September 20, 2017, it had 0 insider purchases, and 3 insider sales for $363,000 activity.

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 49 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Monday, August 7 by Bank of America. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Vetr on Tuesday, August 18. The company was maintained on Friday, October 20 by Robert W. Baird. Jefferies maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, October 31 with “Hold” rating. Robert W. Baird maintained the shares of CBI in report on Wednesday, January 3 with “Hold” rating. The firm earned “Buy” rating on Wednesday, June 29 by M Partners. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Argus Research on Wednesday, December 7. On Monday, August 17 the stock rating was upgraded by Zacks to “Hold”. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Outperform” rating by Credit Suisse on Wednesday, October 28. The rating was maintained by Macquarie Research with “Sell” on Wednesday, June 21.

Investors sentiment decreased to 0.72 in Q3 2017. Its down 0.18, from 0.9 in 2017Q2. It dived, as 71 investors sold CBI shares while 83 reduced holdings. 49 funds opened positions while 62 raised stakes. 66.18 million shares or 0.62% less from 66.59 million shares in 2017Q2 were reported. Arrowmark Colorado Limited Liability invested in 0.09% or 459,000 shares. Sei reported 113 shares. Commercial Bank Of Mellon has invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Goldman Sachs Group invested in 0% or 982,584 shares. Fairfax Holdg Ltd Can reported 1.17% stake. Commonwealth Equity Services holds 87,692 shares. Scopus Asset Mngmt LP invested 0% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Texas-based Sunbelt has invested 0.68% in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Griffin Asset Mngmt owns 14,650 shares for 0.04% of their portfolio. Moors Cabot holds 0.06% in Chicago Bridge & Iron Company N.V. (NYSE:CBI) or 23,155 shares. Carlton Hofferkamp And Jenks Wealth Mngmt Lc holds 0.2% or 19,046 shares in its portfolio. Kistler holds 0% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 100 shares. Energy Opportunities Management Llc stated it has 0.74% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Oakworth Capital stated it has 450 shares. Carroll Fin Assoc invested 0.01% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI).

Analysts await Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report earnings on February, 27. They expect $0.47 EPS, down 44.71% or $0.38 from last year’s $0.85 per share. CBI’s profit will be $47.67 million for 10.09 P/E if the $0.47 EPS becomes a reality. After $0.34 actual EPS reported by Chicago Bridge & Iron Company N.V. for the previous quarter, Wall Street now forecasts 38.24% EPS growth.

Glynn Capital Management Llc, which manages about $659.77M and $398.38 million US Long portfolio, decreased its stake in Workday Inc. (NYSE:WDAY) by 21,757 shares to 245,314 shares, valued at $25.85 million in 2017Q3, according to the filing. It also reduced its holding in Mercadolibre Inc. (NASDAQ:MELI) by 29,730 shares in the quarter, leaving it with 38,743 shares, and cut its stake in Okta Inc..

Since October 24, 2017, it had 0 insider purchases, and 1 sale for $219,205 activity.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 130 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Buy”. The rating was maintained by Bernstein on Friday, May 5 with “Hold”. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Thursday, July 20 by Piper Jaffray. The firm earned “Equal-Weight” rating on Wednesday, June 21 by Barclays Capital. Oppenheimer maintained Schlumberger Limited (NYSE:SLB) rating on Monday, October 19. Oppenheimer has “Outperform” rating and $95 target. The firm has “Outperform” rating given on Wednesday, February 22 by FBR Capital. The stock has “Buy” rating by Cowen & Co on Thursday, January 11. The firm earned “Buy” rating on Thursday, April 20 by Suntrust Robinson. The rating was initiated by DA Davidson with “Buy” on Friday, February 19. The firm has “Hold” rating by Suntrust Robinson given on Wednesday, January 18.

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