Schlumberger LTD (SLB) Position Raised by Alpine Woods Capital Investors Llc; As Renewable Energy Group (REGI) Share Price Rose, Towle & Co Cut Its Holding

December 20, 2017 - By Henry Gaston

Alpine Woods Capital Investors Llc increased its stake in Schlumberger Ltd (SLB) by 77.24% based on its latest 2017Q2 regulatory filing with the SEC. Alpine Woods Capital Investors Llc bought 9,500 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 21,800 shares of the oilfield services and equipment company at the end of 2017Q2, valued at $1.44 million, up from 12,300 at the end of the previous reported quarter. Alpine Woods Capital Investors Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $90.43 billion market cap company. The stock increased 1.38% or $0.89 during the last trading session, reaching $65.28. About 9.16 million shares traded or 8.83% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since December 20, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Towle & Co decreased its stake in Renewable Energy Group Inc (REGI) by 7.01% based on its latest 2017Q2 regulatory filing with the SEC. Towle & Co sold 136,874 shares as the company’s stock rose 26.67% with the market. The institutional investor held 1.81M shares of the basic industries company at the end of 2017Q2, valued at $23.50 million, down from 1.95M at the end of the previous reported quarter. Towle & Co who had been investing in Renewable Energy Group Inc for a number of months, seems to be less bullish one the $458.23 million market cap company. It closed at $11.8 lastly. It is up 22.06% since December 20, 2016 and is uptrending. It has outperformed by 5.36% the S&P500.

Investors sentiment increased to 1.38 in Q2 2017. Its up 0.40, from 0.98 in 2017Q1. It is positive, as 16 investors sold REGI shares while 37 reduced holdings. 28 funds opened positions while 45 raised stakes. 37.60 million shares or 4.56% more from 35.96 million shares in 2017Q1 were reported. State Street stated it has 887,932 shares or 0% of all its holdings. Manufacturers Life Insurance The holds 0% or 30,516 shares. California Employees Retirement holds 0.01% or 488,267 shares in its portfolio. Brandywine Glob Invest Mngmt Ltd Llc stated it has 20,644 shares. Dupont Capital Mgmt Corp reported 36,066 shares or 0.01% of all its holdings. First Quadrant Lp Ca reported 0% in Renewable Energy Group, Inc. (NASDAQ:REGI). Shell Asset reported 108,038 shares stake. Credit Suisse Ag owns 21,699 shares. Great West Life Assurance Can holds 5,148 shares. Morgan Stanley accumulated 495,249 shares. Private Mngmt Grp Inc Incorporated invested in 0.41% or 578,301 shares. Piermont Cap Management Inc has invested 0.17% in Renewable Energy Group, Inc. (NASDAQ:REGI). Panagora Asset Mngmt invested 0% in Renewable Energy Group, Inc. (NASDAQ:REGI). Focused Wealth Mgmt Inc invested 0% in Renewable Energy Group, Inc. (NASDAQ:REGI). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corp accumulated 10,000 shares.

Analysts await Renewable Energy Group, Inc. (NASDAQ:REGI) to report earnings on March, 6. They expect $-0.14 EPS, down 117.72% or $0.93 from last year’s $0.79 per share. After $-0.29 actual EPS reported by Renewable Energy Group, Inc. for the previous quarter, Wall Street now forecasts -51.72% EPS growth.

Towle & Co, which manages about $544.94M and $795.69M US Long portfolio, upped its stake in Unisys Corporation (NYSE:UIS) by 70,115 shares to 2.27M shares, valued at $29.08M in 2017Q2, according to the filing. It also increased its holding in Arcbest Corp Com (NASDAQ:ARCB) by 194,458 shares in the quarter, for a total of 946,124 shares, and has risen its stake in Atlas Air Worldwide Holdings I.

Among 4 analysts covering Renewable Energy (NASDAQ:REGI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Renewable Energy had 19 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, July 21 by Piper Jaffray. Piper Jaffray maintained Renewable Energy Group, Inc. (NASDAQ:REGI) on Friday, September 29 with “Hold” rating. The stock has “Buy” rating by Roth Capital on Thursday, September 28. Canaccord Genuity maintained Renewable Energy Group, Inc. (NASDAQ:REGI) rating on Wednesday, September 27. Canaccord Genuity has “Buy” rating and $16.0 target. The stock of Renewable Energy Group, Inc. (NASDAQ:REGI) earned “Buy” rating by Canaccord Genuity on Thursday, June 8. The firm has “Hold” rating given on Wednesday, August 23 by Piper Jaffray. PiperJaffray downgraded Renewable Energy Group, Inc. (NASDAQ:REGI) on Thursday, November 3 to “Neutral” rating. Canaccord Genuity maintained the shares of REGI in report on Thursday, July 27 with “Buy” rating. The company was downgraded on Thursday, November 3 by Piper Jaffray. The stock has “Buy” rating by Roth Capital on Tuesday, June 13.

Alpine Woods Capital Investors Llc, which manages about $4.50 billion and $1.87B US Long portfolio, decreased its stake in Duke Energy Corp New (NYSE:DUK) by 15,200 shares to 3,653 shares, valued at $305,000 in 2017Q2, according to the filing. It also reduced its holding in Williams Cos Inc (NYSE:WMB) by 13,600 shares in the quarter, leaving it with 91,400 shares, and cut its stake in Lgi Homes Inc (NASDAQ:LGIH).

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 123 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, June 30. On Wednesday, January 18 the stock rating was initiated by Suntrust Robinson with “Hold”. Nomura maintained the stock with “Buy” rating in Tuesday, August 16 report. The firm has “Buy” rating given on Friday, April 7 by Jefferies. The company was maintained on Monday, April 25 by Nomura. On Wednesday, June 21 the stock rating was downgraded by Barclays Capital to “Equal-Weight”. Jefferies maintained the stock with “Hold” rating in Monday, July 11 report. The rating was downgraded by Guggenheim to “Neutral” on Tuesday, June 27. Citigroup maintained Schlumberger Limited (NYSE:SLB) rating on Wednesday, March 23. Citigroup has “Buy” rating and $83 target. DA Davidson initiated the stock with “Buy” rating in Friday, February 19 report.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.29, from 1.17 in 2017Q1. It turned negative, as 99 investors sold SLB shares while 590 reduced holdings. 91 funds opened positions while 513 raised stakes. 1.07 billion shares or 0.68% less from 1.08 billion shares in 2017Q1 were reported. Buffington Mohr Mcneal, Idaho-based fund reported 5,149 shares. Jacobs & Ca, California-based fund reported 108,276 shares. Private Wealth Advsrs Incorporated has invested 0.72% in Schlumberger Limited (NYSE:SLB). Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma reported 24,401 shares stake. Grp Inc One Trading Ltd Partnership invested in 0.02% or 23,244 shares. Magnetar Fincl Llc, a Illinois-based fund reported 5,580 shares. Tdam Usa Inc reported 77,146 shares stake. Dearborn Prtn Ltd Liability owns 14,909 shares for 0.07% of their portfolio. Intrust Comml Bank Na owns 0.57% invested in Schlumberger Limited (NYSE:SLB) for 25,285 shares. Family Mgmt owns 58,700 shares for 2.66% of their portfolio. Innovations Ltd Llc holds 2.49% or 9,877 shares. Martin & Incorporated Tn has invested 0.52% of its portfolio in Schlumberger Limited (NYSE:SLB). Spirit Of America Mngmt New York invested in 6,375 shares or 0.05% of the stock. Advantus Capital Management, a Minnesota-based fund reported 140,199 shares. Papp L Roy & Associate invested in 0.16% or 11,557 shares.

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

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