As Schlumberger LTD (SLB) Stock Value Declined, Beacon Financial Group Boosted Position by $981,081; Wells Fargo & Co New (WFC) Market Valuation Declined While Hoertkorn Richard Charles Trimmed Its Holding by $426,900

April 20, 2018 - By Maria Brooks

Schlumberger Limited (NYSE:SLB) Logo

Hoertkorn Richard Charles decreased its stake in Wells Fargo & Co New (WFC) by 6.19% based on its latest 2017Q4 regulatory filing with the SEC. Hoertkorn Richard Charles sold 7,115 shares as the company’s stock declined 16.98% with the market. The institutional investor held 107,765 shares of the major banks company at the end of 2017Q4, valued at $6.54M, down from 114,880 at the end of the previous reported quarter. Hoertkorn Richard Charles who had been investing in Wells Fargo & Co New for a number of months, seems to be less bullish one the $256.38 billion market cap company. The stock increased 2.06% or $1.0625 during the last trading session, reaching $52.6025. About 15.59M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 20, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Beacon Financial Group increased its stake in Schlumberger Ltd (SLB) by 80.69% based on its latest 2017Q4 regulatory filing with the SEC. Beacon Financial Group bought 14,643 shares as the company’s stock declined 4.39% with the market. The institutional investor held 32,791 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $2.21 million, up from 18,148 at the end of the previous reported quarter. Beacon Financial Group who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $95.85B market cap company. The stock decreased 1.59% or $1.12 during the last trading session, reaching $69.16. About 5.10 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 20, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Fayez Sarofim & invested in 0.44% or 1.41M shares. Natl Asset owns 51,557 shares. Employees Retirement System Of Texas reported 869,900 shares or 0.67% of all its holdings. Private Asset Management Inc holds 1.35% or 139,578 shares. Cape Cod Five Cents Savings Bank has 0.05% invested in Wells Fargo & Company (NYSE:WFC). Zuckerman Inv Grp Llc holds 0.16% or 10,688 shares. Royal State Bank Of Canada owns 10.12 million shares for 0.27% of their portfolio. Smith Moore has 9,269 shares for 0.15% of their portfolio. Captrust Fincl Advisors reported 24,245 shares or 0.09% of all its holdings. Welch Capital Partners Ltd Ny holds 53,430 shares. Hancock Com accumulated 7,296 shares. Agf Invests has 455,233 shares. Sigma Investment Mgmt Company holds 0.17% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 3,438 shares. Georgia-based Synovus Corp has invested 0.16% in Wells Fargo & Company (NYSE:WFC). 482,064 are held by Berkshire Asset Mgmt Ltd Liability Com Pa.

Hoertkorn Richard Charles, which manages about $139.37 million and $168.64 million US Long portfolio, upped its stake in Apple Inc (NASDAQ:AAPL) by 3,144 shares to 48,775 shares, valued at $8.25M in 2017Q4, according to the filing. It also increased its holding in Cisco Sys Inc (NASDAQ:CSCO) by 25,400 shares in the quarter, for a total of 73,670 shares, and has risen its stake in Apache Corp (NYSE:APA).

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.24 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Buckingham Research on Thursday, December 21. The rating was upgraded by UBS on Monday, October 10 to “Neutral”. The company was maintained on Tuesday, August 8 by Raymond James. On Friday, January 12 the stock rating was maintained by RBC Capital Markets with “Buy”. Goldman Sachs upgraded the shares of WFC in report on Monday, January 11 to “Buy” rating. The rating was maintained by Barclays Capital on Tuesday, January 3 with “Overweight”. The stock of Wells Fargo & Company (NYSE:WFC) has “Underperform” rating given on Friday, November 18 by BMO Capital Markets. The stock of Wells Fargo & Company (NYSE:WFC) earned “Neutral” rating by Guggenheim on Tuesday, November 15. The stock of Wells Fargo & Company (NYSE:WFC) has “Neutral” rating given on Wednesday, January 11 by UBS. As per Thursday, August 13, the company rating was maintained by S&P Research.

Since November 17, 2017, it had 0 insider purchases, and 1 insider sale for $292,234 activity.

Beacon Financial Group, which manages about $573.30 million US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 38,927 shares to 140,975 shares, valued at $7.46 million in 2017Q4, according to the filing. It also reduced its holding in Procter Gamble Co (NYSE:PG) by 7,574 shares in the quarter, leaving it with 112,287 shares, and cut its stake in United Parcel Service (NYSE:UPS).

Since October 24, 2017, it had 3 insider buys, and 3 insider sales for $6.93 million activity. SANDVOLD TORE I had sold 3,500 shares worth $219,205. $5.91M worth of stock was sold by AYAT SIMON on Wednesday, January 24. $192,900 worth of stock was bought by Al Mogharbel Khaled on Wednesday, March 28. Guild Howard had sold 25,000 shares worth $1.96M. KIBSGAARD PAAL had bought 10,000 shares worth $646,800.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Seaport Global on Monday, January 22. The company was upgraded on Tuesday, April 3 by SunTrust. On Wednesday, March 23 the stock rating was maintained by Citigroup with “Buy”. The company was maintained on Monday, January 25 by Cowen & Co. The rating was maintained by BMO Capital Markets with “Outperform” on Friday, September 4. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Thursday, March 23 by Scotia Capital. The firm has “Buy” rating given on Thursday, September 3 by HSBC. The firm earned “Buy” rating on Monday, February 12 by Griffin Securities. Jefferies maintained the stock with “Buy” rating in Friday, June 30 report. On Thursday, October 5 the stock rating was maintained by Citigroup with “Buy”.

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It dived, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Moreover, Oppenheimer And has 0.19% invested in Schlumberger Limited (NYSE:SLB). Flippin Bruce & Porter holds 2.16% in Schlumberger Limited (NYSE:SLB) or 151,169 shares. Capital Counsel Inc owns 35,532 shares for 0.99% of their portfolio. Thomas Story And Son invested in 55,389 shares. Asset Mngmt Inc, New York-based fund reported 8,874 shares. Flossbach Von Storch Ag holds 0.44% of its portfolio in Schlumberger Limited (NYSE:SLB) for 688,200 shares. Crestwood Advsrs Grp Limited has 86,638 shares. Schaper Benz & Wise Inv Counsel Inc Wi reported 0.07% stake. Baillie Gifford And Co stated it has 0.01% in Schlumberger Limited (NYSE:SLB). Institute For Wealth Mngmt Limited Liability holds 0.29% of its portfolio in Schlumberger Limited (NYSE:SLB) for 19,030 shares. Cambridge reported 0.43% in Schlumberger Limited (NYSE:SLB). Water Island Cap holds 3,036 shares. 10,859 are owned by Wealthtrust Axiom Ltd. Castleark Limited has invested 0% in Schlumberger Limited (NYSE:SLB). Beech Hill Advsr has invested 1.62% of its portfolio in Schlumberger Limited (NYSE:SLB).

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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