Schlumberger LTD (SLB) Valuation Declined While Viking Fund Management Has Increased Stake; Johnson & Johnson (JNJ) Holding Raised by Sfe Investment Counsel

April 26, 2018 - By Louis Casey

Johnson & Johnson (NYSE:JNJ) Logo

Sfe Investment Counsel increased its stake in Johnson & Johnson (JNJ) by 20.7% based on its latest 2017Q4 regulatory filing with the SEC. Sfe Investment Counsel bought 3,815 shares as the company’s stock declined 9.21% with the market. The institutional investor held 22,246 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $3.11 million, up from 18,431 at the end of the previous reported quarter. Sfe Investment Counsel who had been investing in Johnson & Johnson for a number of months, seems to be bullish on the $345.71 billion market cap company. The stock increased 1.66% or $2.11 during the last trading session, reaching $128.87. About 2.56 million shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since April 26, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Viking Fund Management Llc increased its stake in Schlumberger Ltd (SLB) by 5.49% based on its latest 2017Q4 regulatory filing with the SEC. Viking Fund Management Llc bought 10,750 shares as the company’s stock declined 4.39% with the market. The institutional investor held 206,700 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $13.93M, up from 195,950 at the end of the previous reported quarter. Viking Fund Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $96.24 billion market cap company. The stock increased 0.49% or $0.34 during the last trading session, reaching $69.44. About 3.00 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 26, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Investors sentiment increased to 0.87 in Q4 2017. Its up 0.04, from 0.83 in 2017Q3. It is positive, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Bonness holds 3.89% or 41,038 shares. Boston Prns reported 1.25% in Johnson & Johnson (NYSE:JNJ). First Pacific Advisors Lc owns 9,700 shares. Karpus Mngmt Inc invested 0.02% of its portfolio in Johnson & Johnson (NYSE:JNJ). Wagner Bowman Management has 1.68% invested in Johnson & Johnson (NYSE:JNJ). Dorsey Whitney Trust Ltd Liability Company reported 2.85% of its portfolio in Johnson & Johnson (NYSE:JNJ). Regis Management Company Limited Company holds 3,213 shares or 0.07% of its portfolio. Goelzer Inv Mgmt Inc invested 1.09% of its portfolio in Johnson & Johnson (NYSE:JNJ). Longer Invests holds 1.38% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 11,792 shares. Vnbtrust National Association has 16,464 shares. Profund Ltd Limited Liability Company holds 144,672 shares. Edge Wealth Mngmt holds 1.9% or 47,701 shares in its portfolio. Cullinan Assocs, a Kentucky-based fund reported 131,558 shares. Kidder Stephen W holds 5.13% or 102,381 shares in its portfolio. Moreover, Mcdaniel Terry And has 4.44% invested in Johnson & Johnson (NYSE:JNJ) for 179,534 shares.

Sfe Investment Counsel, which manages about $321.20M and $247.65M US Long portfolio, decreased its stake in Hcp Inc (NYSE:HCP) by 47,616 shares to 168,630 shares, valued at $4.40M in 2017Q4, according to the filing. It also reduced its holding in Mesabi Tr (NYSE:MSB) by 43,738 shares in the quarter, leaving it with 204,288 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

Since February 15, 2018, it had 0 buys, and 1 sale for $20.17 million activity.

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 100 analyst reports since August 7, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Buy” rating and $13200 target in Monday, July 10 report. The firm earned “Equal-Weight” rating on Wednesday, October 18 by Barclays Capital. The firm has “Equal-Weight” rating given on Wednesday, October 18 by Morgan Stanley. As per Friday, September 22, the company rating was maintained by RBC Capital Markets. UBS maintained the stock with “Buy” rating in Wednesday, October 19 report. Jefferies maintained Johnson & Johnson (NYSE:JNJ) on Tuesday, January 16 with “Buy” rating. On Wednesday, April 18 the stock rating was maintained by Wells Fargo with “Buy”. Atlantic Securities initiated it with “Neutral” rating and $95 target in Friday, December 18 report. The firm earned “Buy” rating on Wednesday, October 18 by Jefferies. The company was downgraded on Tuesday, November 29 by Barclays Capital.

Viking Fund Management Llc, which manages about $1.05B and $612.38 million US Long portfolio, decreased its stake in Keane Group Inc by 110,000 shares to 380,000 shares, valued at $7.22M in 2017Q4, according to the filing. It also reduced its holding in Wells Fargo & Co (NYSE:WFC) by 21,000 shares in the quarter, leaving it with 31,000 shares, and cut its stake in Southern Co (NYSE:SO).

Since January 22, 2018, it had 3 insider buys, and 2 insider sales for $6.71 million activity. 25,000 Schlumberger Limited (NYSE:SLB) shares with value of $1.96M were sold by Guild Howard. The insider Al Mogharbel Khaled bought 3,000 shares worth $192,900. $323,950 worth of Schlumberger Limited (NYSE:SLB) was bought by Schorn Patrick. 75,000 shares valued at $5.91M were sold by AYAT SIMON on Wednesday, January 24.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>