Nordic American Tankers Limi (NAT) Stock Declined While Greylin Investment Mangement Has Boosted Its Position; Eastern Bank Trimmed Its Schlumberger LTD (SLB) Holding by $376,809; Share Price Declined

February 15, 2018 - By Louis Casey

Eastern Bank decreased its stake in Schlumberger Ltd (SLB) by 12.8% based on its latest 2017Q3 regulatory filing with the SEC. Eastern Bank sold 5,461 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 37,203 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $2.60 million, down from 42,664 at the end of the previous reported quarter. Eastern Bank who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $91.08 billion market cap company. The stock decreased 0.08% or $0.06 during the last trading session, reaching $65.82. About 2.14M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 15, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Greylin Investment Mangement Inc increased its stake in Nordic American Tankers Limi (NAT) by 30.01% based on its latest 2017Q3 regulatory filing with the SEC. Greylin Investment Mangement Inc bought 119,450 shares as the company’s stock declined 15.71% while stock markets rallied. The institutional investor held 517,525 shares of the marine transportation company at the end of 2017Q3, valued at $2.76 million, up from 398,075 at the end of the previous reported quarter. Greylin Investment Mangement Inc who had been investing in Nordic American Tankers Limi for a number of months, seems to be bullish on the $308.03M market cap company. The stock increased 0.93% or $0.02 during the last trading session, reaching $2.17. About 177,242 shares traded. Nordic American Tankers Limited (NYSE:NAT) has declined 48.16% since February 15, 2017 and is downtrending. It has underperformed by 64.86% the S&P500.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Farmers Tru holds 0.85% or 36,255 shares in its portfolio. Peoples Finance has 0.5% invested in Schlumberger Limited (NYSE:SLB) for 12,620 shares. Monarch has invested 0.62% in Schlumberger Limited (NYSE:SLB). Shamrock Asset Ltd, Texas-based fund reported 7,822 shares. Veritas Inv Management (Uk) Limited reported 4.21% stake. Buckingham Cap Mngmt stated it has 35,192 shares. Massachusetts Fincl Services Ma holds 35.44 million shares. Rathbone Brothers Public Limited Co reported 0.44% stake. Rodgers Brothers Inc holds 0.56% or 22,746 shares. San Francisco Sentry Invest Grp Incorporated (Ca) reported 8,295 shares. Riverhead Mgmt Limited Liability reported 0.08% in Schlumberger Limited (NYSE:SLB). Genesee Valley Tru Com owns 26,840 shares. Bradley Foster Sargent Incorporated Ct, Connecticut-based fund reported 280,307 shares. Raymond James And, Florida-based fund reported 1.10 million shares. Illinois-based Ubs Asset Americas has invested 0.27% in Schlumberger Limited (NYSE:SLB).

Eastern Bank, which manages about $1.41B US Long portfolio, upped its stake in Guggenheim (BSCJ) by 24,938 shares to 547,591 shares, valued at $11.64M in 2017Q3, according to the filing. It also increased its holding in Eaton Corp Plc (NYSE:ETN) by 7,611 shares in the quarter, for a total of 48,257 shares, and has risen its stake in Guggenheim (BSCK).

Among 38 analysts covering Schlumberger Limited. (NYSE:SLB), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 139 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Monday, September 21 by FBR Capital. SunTrust upgraded the stock to “Buy” rating in Friday, April 21 report. On Friday, October 20 the stock rating was maintained by Piper Jaffray with “Buy”. The stock has “Overweight” rating by Atlantic Securities on Monday, January 22. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. The firm has “Buy” rating by Jefferies given on Friday, September 29. The stock of Schlumberger Limited (NYSE:SLB) earned “Overweight” rating by Barclays Capital on Tuesday, April 26. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The firm has “Outperform” rating by Credit Suisse given on Monday, April 4. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, June 21.

Since October 24, 2017, it had 0 insider purchases, and 3 selling transactions for $8.09 million activity. Another trade for 75,000 shares valued at $5.91M was made by AYAT SIMON on Wednesday, January 24. 25,000 Schlumberger Limited (NYSE:SLB) shares with value of $1.96M were sold by Guild Howard.

Among 9 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Nordic American Tanker Shipping had 29 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Nordic American Tankers Limited (NYSE:NAT) earned “Hold” rating by Zacks on Tuesday, September 22. Jefferies maintained it with “Sell” rating and $7 target in Monday, April 3 report. The stock has “Sell” rating by Maxim Group on Monday, October 23. Seaport Global maintained Nordic American Tankers Limited (NYSE:NAT) on Thursday, January 4 with “Hold” rating. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Hold” rating given on Monday, February 12 by Seaport Global. On Thursday, December 14 the stock rating was upgraded by Jefferies to “Hold”. Seaport Global reinitiated the shares of NAT in report on Wednesday, May 4 with “Neutral” rating. The rating was downgraded by Jefferies on Tuesday, May 10 to “Underperform”. Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) on Thursday, December 14 with “Sell” rating. Maxim Group maintained the shares of NAT in report on Monday, May 8 with “Sell” rating.

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