Schlumberger LTD (SLB) Holder Johnson Investment Counsel Has Lowered Stake as Stock Price Declined; As Amarin Plc (AMRN) Shares Declined, Consonance Capital Management LP Decreased Holding

January 18, 2018 - By Winifred Garcia

Johnson Investment Counsel Inc decreased its stake in Schlumberger Ltd. (SLB) by 1.07% based on its latest 2017Q3 regulatory filing with the SEC. Johnson Investment Counsel Inc sold 4,951 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 458,969 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $32.02M, down from 463,920 at the end of the previous reported quarter. Johnson Investment Counsel Inc who had been investing in Schlumberger Ltd. for a number of months, seems to be less bullish one the $107.01 billion market cap company. The stock increased 0.05% or $0.04 during the last trading session, reaching $77.25. About 2.03M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 18, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Mitchell Blutt decreased its stake in Amarin Corp Plc (AMRN) by 0.7% based on its latest 2017Q3 regulatory filing with the SEC. Consonance Capital Management Lp sold 175,000 shares as the company’s stock declined 15.67% while stock markets rallied. The hedge fund run by Mitchell Blutt held 24.65 million shares of the major pharmaceuticals company at the end of 2017Q3, valued at $86.27M, down from 24.82 million at the end of the previous reported quarter. Consonance Capital Management Lp who had been investing in Amarin Corp Plc for a number of months, seems to be less bullish one the $1.09 billion market cap company. The stock increased 1.00% or $0.04 during the last trading session, reaching $4.04. About 319,030 shares traded. Amarin Corporation plc (NASDAQ:AMRN) has risen 76.19% since January 18, 2017 and is uptrending. It has outperformed by 59.49% the S&P500.

Investors sentiment increased to 1.48 in 2017 Q3. Its up 0.45, from 1.03 in 2017Q2. It increased, as 10 investors sold AMRN shares while 21 reduced holdings. 20 funds opened positions while 26 raised stakes. 107.35 million shares or 6.52% more from 100.78 million shares in 2017Q2 were reported. Sterling Mngmt Limited Com invested 0% of its portfolio in Amarin Corporation plc (NASDAQ:AMRN). Kistler stated it has 0% in Amarin Corporation plc (NASDAQ:AMRN). Group Incorporated One Trading Limited Partnership holds 0.01% of its portfolio in Amarin Corporation plc (NASDAQ:AMRN) for 299,648 shares. Proshare Ltd Liability holds 0% in Amarin Corporation plc (NASDAQ:AMRN) or 148,627 shares. Moreover, Raymond James Assocs has 0% invested in Amarin Corporation plc (NASDAQ:AMRN). Broadfin Ltd stated it has 1.63M shares or 0.85% of all its holdings. Ing Groep Nv accumulated 10,670 shares. Price T Rowe Inc Md reported 0% stake. Balyasny Asset Management Lc has invested 0.04% in Amarin Corporation plc (NASDAQ:AMRN). Drw Limited Liability accumulated 55,400 shares. State Bank Of America Corp De owns 95,168 shares or 0% of their US portfolio. Neuberger Berman Grp Lc accumulated 100,000 shares. Private Advisor Grp Ltd stated it has 52,089 shares or 0% of all its holdings. Mariner Wealth Advisors Ltd holds 104,984 shares or 0.02% of its portfolio. 13,325 were accumulated by Loring Wolcott Coolidge Fiduciary Advsr Llp Ma.

Among 4 analysts covering Amarin Corp (NASDAQ:AMRN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Amarin Corp had 13 analyst reports since May 12, 2016 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Monday, June 12 report. The firm earned “Buy” rating on Thursday, June 1 by H.C. Wainwright. As per Monday, June 12, the company rating was maintained by Cantor Fitzgerald. H.C. Wainwright maintained the stock with “Buy” rating in Tuesday, June 27 report. Jefferies initiated Amarin Corporation plc (NASDAQ:AMRN) on Thursday, May 12 with “Buy” rating. The firm has “Buy” rating given on Tuesday, August 29 by Cantor Fitzgerald. H.C. Wainwright maintained Amarin Corporation plc (NASDAQ:AMRN) rating on Thursday, August 3. H.C. Wainwright has “Buy” rating and $1000 target. On Wednesday, November 1 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of Amarin Corporation plc (NASDAQ:AMRN) has “Buy” rating given on Wednesday, October 5 by Cantor Fitzgerald. The firm has “Buy” rating given on Wednesday, October 19 by Citigroup.

Since October 5, 2017, it had 0 insider buys, and 4 insider sales for $1.06 million activity.

Analysts await Amarin Corporation plc (NASDAQ:AMRN) to report earnings on February, 27. They expect $-0.04 EPS, up 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.04 actual EPS reported by Amarin Corporation plc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Consonance Capital Management Lp, which manages about $513.80M and $904.16 million US Long portfolio, upped its stake in Spectrum Pharmaceuticals Inc (NASDAQ:SPPI) by 6.69 million shares to 8.71 million shares, valued at $122.54 million in 2017Q3, according to the filing.

Johnson Investment Counsel Inc, which manages about $8.19B and $3.78 billion US Long portfolio, upped its stake in Vanguard Total Stock Market Viper (VTI) by 7,480 shares to 41,887 shares, valued at $5.43M in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc. Class C by 459 shares in the quarter, for a total of 20,640 shares, and has risen its stake in Ishares Barclays Agg Bond Fund (AGG).

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

Analysts await Schlumberger Limited (NYSE:SLB) to report earnings on January, 19. They expect $0.45 earnings per share, up 66.67% or $0.18 from last year’s $0.27 per share. SLB’s profit will be $623.37M for 42.92 P/E if the $0.45 EPS becomes a reality. After $0.42 actual earnings per share reported by Schlumberger Limited for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 129 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Tudor Pickering given on Friday, March 24. Jefferies maintained the shares of SLB in report on Friday, June 30 with “Buy” rating. Oppenheimer maintained it with “Outperform” rating and $92.0 target in Monday, January 25 report. RBC Capital Markets maintained the shares of SLB in report on Tuesday, January 16 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $73.0 target in Thursday, December 21 report. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 1. The firm has “Outperform” rating by Credit Suisse given on Monday, October 23. The firm has “Sell” rating given on Monday, April 25 by Griffen Securities. The firm has “Buy” rating by Piper Jaffray given on Thursday, July 20. The rating was maintained by Argus Research on Thursday, August 27 with “Buy”.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It has no change, 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. Capital One National Association stated it has 15,142 shares. Welch & Forbes Ltd Company reported 1.17% of its portfolio in Schlumberger Limited (NYSE:SLB). Shoker Inv Counsel holds 4,431 shares or 0.23% of its portfolio. Royal Bank Of Canada reported 0.08% in Schlumberger Limited (NYSE:SLB). Texas Yale Capital, a Florida-based fund reported 8,205 shares. J Goldman & Ltd Partnership reported 60,262 shares or 0.21% of all its holdings. Bender Robert And accumulated 4,142 shares or 0.17% of the stock. Cohen Capital Mgmt invested in 71,550 shares or 1.21% of the stock. Pax World Mgmt Limited Liability reported 108,377 shares or 0.43% of all its holdings. Axiom Invsts Ltd Limited Liability Company De stated it has 0.57% of its portfolio in Schlumberger Limited (NYSE:SLB). Barnett And invested in 0.01% or 197 shares. 20,821 are held by Franklin Street Advsr Inc Nc. South Dakota Council owns 333,471 shares or 0.47% of their US portfolio. Johnson Inv Counsel holds 0.85% or 458,969 shares in its portfolio. First Mercantile Trust has 37,832 shares for 0.48% of their portfolio.

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