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Schlumberger: Changes in Institutional Ownership

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May. 20 2019, Published 3:06 p.m. ET

Institutional investors added to their positions

Together, the top ten institutional investors in Schlumberger (SLB) added 20.7 million Schlumberger shares to their positions in the first quarter, according to the latest filings. Notable transactions included the addition of 12.7 million shares by Dodge & Cox, which increased its stake to 3.3%. Capital Research Global Investors added 3.9 million Schlumberger shares to its position, while Capital International Investors added 2.7 million shares to its position during the first quarter.

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The Vanguard Group, the largest institutional investor in Schlumberger, added 1.0 million shares to its position during the first quarter. The Vanguard Group owns 8% of the company’s outstanding shares. State Street Global Advisors, the second-largest investor in Schlumberger, added 1.1 million shares to its position.

BlackRock Institutional Trust Company sold 1.4 million Schlumberger shares during the quarter. The above table shows the top ten institutional investors in Schlumberger and their latest position changes. The largest shareholders buying shares indicates their bullish sentiments for the stock.

Other transactions

Recently, Two Sigma Investments bought 11.8 million Schlumberger shares, while D.E. Shaw & Co. bought 7.2 million shares. Among the largest recent sale transactions, Wellington Management Company, which previously held 16.3 million Schlumberger shares amounting to 1.2% of the outstanding shares, sold 10.4 million shares. Capital World Investors sold 10.3 million shares.

Schlumberger has risen ~10% in 2019. The company is closely tracking the VanEck Vectors Oil Services ETF (OIH). Schlumberger forms ~19.8% of OIH.

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