Capital Product Partners L.P. (CPLP) Reaches $3.24 After 6.00% Up Move; Altrinsic Global Advisors Has Increased By $2.15 Million Its Schlumberger LTD (SLB) Holding

February 14, 2018 - By Pete Kolinski

Altrinsic Global Advisors Llc increased Schlumberger Ltd (SLB) stake by 3.14% reported in 2017Q3 SEC filing. Altrinsic Global Advisors Llc acquired 31,179 shares as Schlumberger Ltd (SLB)’s stock declined 11.04%. The Altrinsic Global Advisors Llc holds 1.03 million shares with $71.52M value, up from 993,981 last quarter. Schlumberger Ltd now has $90.05B valuation. The stock decreased 1.29% or $0.85 during the last trading session, reaching $65.07. About 5.37M shares traded. Schlumberger Limited (NYSE:SLB) has declined 3.30% since February 14, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

The stock of Capital Product Partners L.P. (NASDAQ:CPLP) is a huge mover today! The stock increased 4.18% or $0.13 during the last trading session, reaching $3.24. About 376,243 shares traded. Capital Product Partners L.P. (NASDAQ:CPLP) has risen 28.14% since February 14, 2017 and is uptrending. It has outperformed by 11.44% the S&P500.The move comes after 6 months positive chart setup for the $417.62 million company. It was reported on Feb, 14 by Barchart.com. We have $3.43 PT which if reached, will make NASDAQ:CPLP worth $25.06 million more.

Capital Product Partners L.P., a shipping company, provides marine transportation services in Greece. The company has market cap of $417.62 million. It transports a range of cargoes, including crude oil; refined oil products, such as gasoline, diesel, fuel oil and jet fuel, and edible oils; chemicals, such as ethanol; and dry cargo and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters. It has a 14.93 P/E ratio. As of December 31, 2016, the firm owned a fleet of 36 vessels, which consisted of 4 Suezmax crude oil tankers, 21 medium range product tankers, 10 post-panamax container vessels, and 1 capesize bulk carrier.

Among 9 analysts covering Capital Product Partners L.P. (NASDAQ:CPLP), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Capital Product Partners L.P. had 13 analyst reports since August 25, 2015 according to SRatingsIntel. Stifel Nicolaus maintained Capital Product Partners L.P. (NASDAQ:CPLP) on Thursday, July 6 with “Buy” rating. The firm has “Outperform” rating by Wells Fargo given on Wednesday, January 25. The stock of Capital Product Partners L.P. (NASDAQ:CPLP) has “Hold” rating given on Monday, September 7 by Zacks. The rating was upgraded by Evercore to “Buy” on Thursday, January 19. The company was upgraded on Tuesday, October 27 by Wells Fargo. The rating was upgraded by Zacks to “Hold” on Thursday, August 27. The firm has “Buy” rating by Jefferies given on Monday, December 18. The stock has “Neutral” rating by Seaport Global on Monday, March 7. Wells Fargo downgraded the shares of CPLP in report on Friday, March 11 to “Market Perform” rating. The firm earned “Buy” rating on Friday, December 4 by Janney Capital.

Among 38 analysts covering Schlumberger Limited. (NYSE:SLB), 31 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 139 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Monday, March 28 by Barclays Capital. The firm has “Buy” rating by Cowen & Co given on Friday, October 6. The firm earned “Outperform” rating on Wednesday, April 26 by Cowen & Co. The rating was maintained by FBR Capital with “Outperform” on Monday, September 21. On Wednesday, October 5 the stock rating was maintained by Citigroup with “Buy”. Credit Suisse maintained the stock with “Outperform” rating in Monday, April 4 report. The firm earned “Neutral” rating on Tuesday, June 27 by Atlantic Securities. The stock has “Buy” rating by Cowen & Co on Wednesday, August 30. The stock of Schlumberger Limited (NYSE:SLB) has “Outperform” rating given on Thursday, July 6 by Bernstein. Scotia Capital maintained the stock with “Buy” rating in Thursday, March 23 report.

Since October 24, 2017, it had 0 insider buys, and 3 insider sales for $8.09 million activity. Shares for $1.96M were sold by Guild Howard. $5.91 million worth of Schlumberger Limited (NYSE:SLB) was sold by AYAT SIMON. $219,205 worth of Schlumberger Limited (NYSE:SLB) was sold by SANDVOLD TORE I on Tuesday, October 24.

Altrinsic Global Advisors Llc decreased Loews Corp (NYSE:L) stake by 478,672 shares to 107,435 valued at $5.14M in 2017Q3. It also reduced Check Point Software Tech Lt (NASDAQ:CHKP) stake by 23,803 shares and now owns 510,137 shares. Cognizant Technology Solutio (NASDAQ:CTSH) was reduced too.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is the same, 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. Baldwin Investment Management Ltd Co invested in 0.43% or 16,440 shares. The California-based Checchi Advisers has invested 0.07% in Schlumberger Limited (NYSE:SLB). 728 were reported by Gemmer Asset. New Mexico Educational Retirement Board, a New Mexico-based fund reported 129,201 shares. 6,630 are held by Bancorpsouth. Flossbach Von Storch Ag reported 503,000 shares stake. Eagleclaw Managment Limited Co has invested 0.93% in Schlumberger Limited (NYSE:SLB). Louisiana State Employees Retirement Systems holds 0.28% or 86,800 shares in its portfolio. 248,750 were accumulated by Icon Advisers. Ray Gerald L Limited stated it has 27,915 shares. Td Cap Mgmt Limited Liability Corp reported 200 shares or 0% of all its holdings. 1.10M were reported by Korea Inv Corporation. Sequent Asset Ltd reported 13.8% stake. 39,610 were accumulated by Daiwa Sb Invests Limited. Moreover, Waters Parkerson & Company Lc has 1.75% invested in Schlumberger Limited (NYSE:SLB) for 284,643 shares.

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