Here’s What This Metric Says about Schlumberger Limited. (SLB)

As one would reasonably expect, key money managers have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, established the most outsized call position in Schlumberger Limited. (NYSE:SLB). Citadel Investment Group had $63.9 million invested in the company at the end of the quarter. Jorge Paulo Lemann’s 3G Capital also initiated a $39.3 million position during the quarter. The other funds with brand new SLB positions are Israel Englander’s Millennium Management, John Osterweis’ Osterweis Capital Management, and Alan Howard’s Brevan Howard.

Let’s go over hedge fund activity in other stocks similar to Schlumberger Limited. (NYSE:SLB). These stocks are Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT), Mastercard Inc (NYSE:MA), United Parcel Service, Inc. (NYSE:UPS), and Accenture Plc (NYSE:ACN). This group of stocks’ market valuations match SLB’s market valuation.

As you can see these stocks had an average of 43 investors with bullish positions and the average amount invested in these stocks was $2.49 billion. By comparison, the 59 investors from our database amassed $1.57 billion worth of SLB’s shares at the end of September.  Mastercard Inc (NYSE:MA) is the most popular stock in this table, while Nippon Telegraph & Telephone Corp (ADR) (NYSE:NTT) is the least popular one with only 10 bullish hedge fund positions. Schlumberger Limited. (NYSE:SLB) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Mastercard Inc (NYSE:MA) might be a better candidate to consider a long position.