As Schlumberger LTD (SLB) Stock Price Declined, Farmers Trust Co Has Raised Position by $1.95 Million; Innospec (IOSP) Holder Huber Capital Management Has Increased Position by $2.48 Million

January 3, 2018 - By Marguerite Chambers

Farmers Trust Co increased its stake in Schlumberger Ltd (SLB) by 351.66% based on its latest 2017Q3 regulatory filing with the SEC. Farmers Trust Co bought 28,228 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 36,255 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $2.53 million, up from 8,027 at the end of the previous reported quarter. Farmers Trust Co who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $99.02B market cap company. The stock increased 2.82% or $1.96 during the last trading session, reaching $71.48. About 7.19M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 3, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Joe Huber increased its stake in Innospec Inc (IOSP) by 4.86% based on its latest 2017Q3 regulatory filing with the SEC. Huber Capital Management Llc bought 40,657 shares as the company’s stock declined 12.46% while stock markets rallied. The hedge fund run by Joe Huber held 877,432 shares of the major chemicals company at the end of 2017Q3, valued at $54.09M, up from 836,775 at the end of the previous reported quarter. Huber Capital Management Llc who had been investing in Innospec Inc for a number of months, seems to be bullish on the $1.72 billion market cap company. The stock decreased 0.18% or $0.12 during the last trading session, reaching $71.07. About 21,001 shares traded. Innospec Inc. (NASDAQ:IOSP) has risen 30.88% since January 3, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

Since October 24, 2017, it had 0 insider buys, and 1 sale for $219,205 activity.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 124 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, December 21 by RBC Capital Markets. Barclays Capital upgraded the shares of SLB in report on Wednesday, April 20 to “Overweight” rating. Bernstein initiated Schlumberger Limited (NYSE:SLB) on Friday, December 2 with “Mkt Perform” rating. The rating was maintained by Morgan Stanley on Monday, October 23 with “Overweight”. As per Friday, September 4, the company rating was maintained by BMO Capital Markets. The stock has “Buy” rating by Cowen & Co on Friday, July 7. The firm has “Buy” rating by Citigroup given on Wednesday, October 25. Scotia Capital maintained Schlumberger Limited (NYSE:SLB) on Thursday, March 23 with “Buy” rating. The company was maintained on Thursday, September 3 by HSBC. The stock has “Outperform” rating by Oppenheimer on Thursday, October 1.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is flat, 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. State Of New Jersey Common Pension Fund D stated it has 388,140 shares. Intrust Bank Na invested in 0.52% or 22,654 shares. Thomas Story & Son Limited stated it has 3.39% of its portfolio in Schlumberger Limited (NYSE:SLB). Jacobs Levy Equity Mngmt reported 0.03% of its portfolio in Schlumberger Limited (NYSE:SLB). Cap Rech Glob Invsts has invested 0.44% in Schlumberger Limited (NYSE:SLB). The Illinois-based New England Rech & Management has invested 0.65% in Schlumberger Limited (NYSE:SLB). Private Tru Na reported 27,939 shares. Thomas White Intl Ltd holds 0.15% of its portfolio in Schlumberger Limited (NYSE:SLB) for 12,679 shares. 28,633 were reported by Farmers & Merchants Incorporated. Public Employees Retirement Association Of Colorado invested in 638,412 shares or 0.32% of the stock. The Massachusetts-based Cohen Lawrence B has invested 1.78% in Schlumberger Limited (NYSE:SLB). 104,352 were accumulated by Tph Asset Mngmt Ltd. Ntv Asset Mgmt Ltd holds 40,869 shares or 0.83% of its portfolio. Boltwood Mgmt accumulated 6,980 shares. Axiom Investors De holds 365,600 shares or 0.57% of its portfolio.

Farmers Trust Co, which manages about $296.20 million US Long portfolio, decreased its stake in Lauder Estee Cos Inc (NYSE:EL) by 3,533 shares to 41,273 shares, valued at $4.45M in 2017Q3, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 11,255 shares in the quarter, leaving it with 111,871 shares, and cut its stake in Quanta Svcs Inc (NYSE:PWR).

Huber Capital Management Llc, which manages about $3.94B and $1.82B US Long portfolio, decreased its stake in Arris Intl Inc by 156,030 shares to 739,493 shares, valued at $21.07M in 2017Q3, according to the filing. It also reduced its holding in Hp Inc by 71,329 shares in the quarter, leaving it with 264,136 shares, and cut its stake in Citigroup Inc (NYSE:C).

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