Valicenti Advisory Services Trimmed Schlumberger LTD (SLB) Holding By $716,105; Flaherty & Crumrine Preferred Securities Income Fund Has 0.91 Sentiment

November 15, 2017 - By Linda Rogers

Flaherty & Crumrine Preferred Securities Income Fund Incorporated is a diversified, closed-end management investment company. The company has market cap of $915.65 million. The Fund’s investment objective

is to provide its common shareholders with high current income consistent with the preservation of capital. It currently has negative earnings. It invests in a portfolio of preferred securities, such as taxable preferred securities and preferred stocks.

Valicenti Advisory Services Inc decreased Schlumberger Ltd (SLB) stake by 16.96% reported in 2017Q2 SEC filing. Valicenti Advisory Services Inc sold 11,017 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The Valicenti Advisory Services Inc holds 53,925 shares with $3.55M value, down from 64,942 last quarter. Schlumberger Ltd now has $86.97B valuation. The stock declined 0.53% or $0.33 reaching $62.45 per share. About 54,727 shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since November 15, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

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 $626.69M for 34.69 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. has $120 highest and $70 lowest target. $84.03’s average target is 34.56% above currents $62.45 stock price. Schlumberger Limited. had 123 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Schlumberger Limited. (NYSE:SLB) earned “Buy” rating by Evercore on Saturday, August 22. On Monday, September 21 the stock rating was maintained by FBR Capital with “Outperform”. Standpoint Research upgraded Schlumberger Limited. (NYSE:SLB) on Wednesday, August 26 to “Hold” rating. The stock of Schlumberger Limited. (NYSE:SLB) has “Buy” rating given on Monday, December 14 by KLR Group. The stock of Schlumberger Limited. (NYSE:SLB) has “Buy” rating given on Wednesday, September 30 by UBS. The firm earned “Equal Weight” rating on Monday, January 25 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Thursday, June 1. Credit Suisse maintained the stock with “Outperform” rating in Monday, April 4 report. Barclays Capital maintained Schlumberger Limited. (NYSE:SLB) rating on Wednesday, October 25. Barclays Capital has “Equal-Weight” rating and $70 target. Jefferies maintained the stock with “Buy” rating in Friday, September 29 report.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1. It dived, 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. Baystate Wealth Mgmt Ltd Company invested 0.03% of its portfolio in Schlumberger Limited. (NYSE:SLB). Mckinley Carter Wealth Serv Inc owns 4,310 shares or 0.13% of their US portfolio. Dearborn Partners Ltd Liability Company invested in 0.07% or 14,909 shares. Lee Danner & Bass holds 135,891 shares. Cubist Systematic Strategies Ltd Limited Liability Company holds 0.31% or 74,149 shares. Pinnacle Associates Ltd owns 241,999 shares. 182,276 are owned by Macquarie Grp Limited. Arrowstreet Cap Partnership stated it has 0% of its portfolio in Schlumberger Limited. (NYSE:SLB). Fiduciary Mgmt Inc Wi owns 3.75% invested in Schlumberger Limited. (NYSE:SLB) for 9.50 million shares. Becker Capital Incorporated holds 469,623 shares. Td Asset Incorporated reported 2.08 million shares stake. Deroy And Devereaux Private Inv Counsel Incorporated reported 1.47% in Schlumberger Limited. (NYSE:SLB). Telemus Cap Limited reported 52,118 shares or 0.47% of all its holdings. Barbara Oil Co holds 0.76% or 16,000 shares in its portfolio. Tradition Capital Mgmt Limited Liability Com accumulated 0.42% or 19,435 shares.

Since May 30, 2017, it had 1 insider buy, and 2 insider sales for $2.87 million activity. CURRIE PETER L S had bought 3,625 shares worth $250,203. Shares for $2.77M were sold by Floridia Aaron Gatt on Monday, June 12. The insider SANDVOLD TORE I sold 5,000 shares worth $349,100.

The stock increased 0.48% or $0.1 on November 14, reaching $20.77. About 103 shares traded. Flaherty&Crumrine Prfrd Scts Incm Fd Inc (FFC) has risen 3.29% since November 15, 2016 and is uptrending. It has underperformed by 13.41% the S&P500.

A. D. Beadell Investment Counsel Inc. holds 1.67% of its portfolio in Flaherty&Crumrine Prfrd Scts Incm Fd Inc for 93,818 shares. Tiemann Investment Advisors Llc owns 52,200 shares or 1.03% of their US portfolio. Moreover, Robinson Capital Management Llc has 0.97% invested in the company for 101,116 shares. The California-based Covington Capital Management has invested 0.64% in the stock. Family Firm Inc., a Maryland-based fund reported 61,485 shares.


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