Gabalex Capital Management Has Trimmed Its Schlumberger LTD (SLB) Holding by $11.20 Million; Stock Value Rose; Gardner Russo & Gardner Cut Position in Crane (CR) as Share Price Declined

June 18, 2018 - By Winifred Garcia

Crane Co. (NYSE:CR) Logo

Tom Russo decreased its stake in Crane (CR) by 3.92% based on its latest 2018Q1 regulatory filing with the SEC. Gardner Russo & Gardner Llc sold 5,050 shares as the company’s stock declined 10.56% with the market. The hedge fund run by Tom Russo held 123,693 shares of the metal fabrications company at the end of 2018Q1, valued at $11.47 million, down from 128,743 at the end of the previous reported quarter. Gardner Russo & Gardner Llc who had been investing in Crane for a number of months, seems to be less bullish one the $5.00 billion market cap company. The stock increased 0.47% or $0.39 during the last trading session, reaching $83.78. About 206,551 shares traded. Crane Co. (NYSE:CR) has risen 10.24% since June 18, 2017 and is uptrending. It has underperformed by 2.33% the S&P500. Some Historical CR News: 23/04/2018 – CRANE CO CR.N FY2018 SHR VIEW $5.52 — THOMSON REUTERS l/B/E/S; 23/04/2018 – Crane: ‘Excited’ About Multi-Year Earnings Growth View But Optimism ‘Tempered Somewhat’ by Uncertainty on Global Trade Environmen; 23/04/2018 – CRANE 1Q ADJ EPS $1.31, EST. $1.27; 23/04/2018 – Crane Co. Declares Second Quarter Dividend; 23/04/2018 – CRANE BOOSTS YR ADJ. EPS FORECAST; 23/04/2018 – Correct: Crane Co Sees 2018 Adj EPS $5.45-Adj EPS $5.65; 23/04/2018 – CRANE CO CR.N SEES FY 2018 GAAP SHR $4.75 TO $4.95; 23/04/2018 – Crane Co Sees 2018 Adj EPS $4.75-Adj EPS $4.95; 29/05/2018 – Crane Non-Deal Roadshow Scheduled By Seaport for Jun. 5-6; 17/04/2018 – DEEP ECO: Crane May Face Pressure, Machinery Down This Quarter




Gabalex Capital Management Llc decreased its stake in Schlumberger Ltd (SLB) by 70% based on its latest 2018Q1 regulatory filing with the SEC. Gabalex Capital Management Llc sold 175,000 shares as the company’s stock rose 2.80% while stock markets declined. The hedge fund held 75,000 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $4.86M, down from 250,000 at the end of the previous reported quarter. Gabalex Capital Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $92.86 billion market cap company. The stock increased 0.31% or $0.21 during the last trading session, reaching $67.04. About 6.05 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 18, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Dupont Mngmt Corp holds 0.48% of its portfolio in Schlumberger Limited (NYSE:SLB) for 304,145 shares. Jefferies Ltd Liability Company holds 0.01% or 19,901 shares in its portfolio. 16,577 were reported by S&Co. Gardner Lewis Asset Mngmt LP holds 0.28% or 55,083 shares. 37,635 are owned by Roanoke Asset Management Corporation Ny. Whitnell Company holds 21,001 shares. Retirement Sys Of Alabama holds 0.38% of its portfolio in Schlumberger Limited (NYSE:SLB) for 1.18 million shares. Magnetar Ltd invested 0.01% of its portfolio in Schlumberger Limited (NYSE:SLB). West Family Invests Inc reported 5,000 shares or 0.09% of all its holdings. Pittenger Anderson stated it has 400 shares or 0% of all its holdings. Deutsche Comml Bank Ag accumulated 0.38% or 8.93M shares. Innovations stated it has 16,099 shares or 2.56% of all its holdings. Bank & Trust Of The West has 0.32% invested in Schlumberger Limited (NYSE:SLB). Brookmont Cap Mngmt owns 21,268 shares for 0.91% of their portfolio. Indexiq Limited Liability Company reported 35,693 shares stake.

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on July, 20 before the open. They expect $0.46 earnings per share, up 31.43% or $0.11 from last year’s $0.35 per share. SLB’s profit will be $637.16M for 36.43 P/E if the $0.46 EPS becomes a reality. After $0.38 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 21.05% EPS growth.

Since January 22, 2018, it had 3 buys, and 3 sales for $6.93 million activity. $1.96M worth of Schlumberger Limited (NYSE:SLB) shares were sold by Guild Howard. Al Mogharbel Khaled also bought $192,900 worth of Schlumberger Limited (NYSE:SLB) on Wednesday, March 28. 5,000 shares were bought by Schorn Patrick, worth $323,950. KIBSGAARD PAAL bought 10,000 shares worth $646,800. $218,049 worth of Schlumberger Limited (NYSE:SLB) shares were sold by Jaramillo Claudia.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “An Undervalued Services Play Due For Catch-Up” on June 18, 2018, also Bizjournals.com with their article: “Frank’s International names new general counsel, other executives” published on June 18, 2018, Forbes.com published: “Why Schlumberger’s Stock Continues To Underperform” on May 29, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Finance.Yahoo.com and their article: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” published on June 02, 2018 as well as Seekingalpha.com‘s news article titled: “Equinor awards $3.7B in deals to Baker Hughes, Halliburton, Schulumberger” with publication date: June 18, 2018.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, April 13 by Cowen & Co. The rating was maintained by Oppenheimer on Monday, October 19 with “Outperform”. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 25. The stock has “Buy” rating by RBC Capital Markets on Friday, September 1. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, September 5. The firm has “Hold” rating by Standpoint Research given on Wednesday, April 20. Citigroup maintained the shares of SLB in report on Wednesday, October 21 with “Buy” rating. The firm has “Outperform” rating given on Wednesday, February 22 by FBR Capital. The rating was maintained by Argus Research with “Buy” on Thursday, August 27. The firm has “Hold” rating by Bernstein given on Friday, May 5.

Since February 1, 2018, it had 0 insider purchases, and 3 selling transactions for $3.24 million activity. Shares for $106,577 were sold by BIGELOW E THAYER. DUPONT AUGUSTUS I sold 16,396 shares worth $1.60M.

Analysts await Crane Co. (NYSE:CR) to report earnings on July, 23. They expect $1.35 earnings per share, up 15.38% or $0.18 from last year’s $1.17 per share. CR’s profit will be $80.60M for 15.51 P/E if the $1.35 EPS becomes a reality. After $1.31 actual earnings per share reported by Crane Co. for the previous quarter, Wall Street now forecasts 3.05% EPS growth.

Among 16 analysts covering Crane (NYSE:CR), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Crane had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, August 18 by William Blair. RBC Capital Markets maintained it with “Sector Perform” rating and $56 target in Wednesday, October 28 report. The company was maintained on Friday, July 14 by Stifel Nicolaus. The stock of Crane Co. (NYSE:CR) has “Hold” rating given on Tuesday, July 4 by Stifel Nicolaus. The firm has “Neutral” rating by UBS given on Wednesday, April 27. The company was maintained on Thursday, August 31 by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, January 23 by UBS. The company was maintained on Monday, December 5 by Stifel Nicolaus. Wolfe Research upgraded the shares of CR in report on Monday, August 14 to “Outperform” rating. The rating was maintained by Susquehanna on Wednesday, January 31 with “Hold”.

Crane Co. (NYSE:CR) Institutional Positions Chart

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