Schlumberger (SLB) Position Held by Wilkins Investment Counsel Inc; As Verizon Communicatio (VZ) Shares Declined, Beutel Goodman & Co LTD Lifted Its Position by $14.64 Million

April 17, 2018 - By Ellis Scott

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Beutel Goodman & Co Ltd increased its stake in Verizon Communicatio (VZ) by 6.29% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 348,651 shares as the company’s stock declined 11.05% with the market. The institutional investor held 5.89 million shares of the telecommunications equipment company at the end of 2017Q4, valued at $249.13 million, up from 5.54 million at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Verizon Communicatio for a number of months, seems to be bullish on the $201.94B market cap company. The stock increased 1.10% or $0.53 during the last trading session, reaching $48.92. About 5.28M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 3.72% since April 17, 2017 and is downtrending. It has underperformed by 15.27% the S&P500.

Wilkins Investment Counsel Inc increased its stake in Schlumberger (SLB) by 8.13% based on its latest 2017Q4 regulatory filing with the SEC. Wilkins Investment Counsel Inc bought 9,385 shares as the company’s stock declined 4.39% with the market. The institutional investor held 124,770 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $8.41 million, up from 115,385 at the end of the previous reported quarter. Wilkins Investment Counsel Inc who had been investing in Schlumberger for a number of months, seems to be bullish on the $95.29B market cap company. The stock increased 0.34% or $0.23 during the last trading session, reaching $68.75. About 3.61M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 17, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Wilkins Investment Counsel Inc, which manages about $365.32M and $335.02 million US Long portfolio, decreased its stake in International Flavors & Fragra (NYSE:IFF) by 2,808 shares to 72,852 shares, valued at $11.12M in 2017Q4, according to the filing. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 2,797 shares in the quarter, leaving it with 79,054 shares, and cut its stake in J.P. Morgan Chase (NYSE:JPM).

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 144 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Citigroup on Wednesday, October 21. Oppenheimer maintained the shares of SLB in report on Monday, January 25 with “Outperform” rating. The firm has “Overweight” rating by Morgan Stanley given on Monday, October 23. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, January 22 by FBR Capital. As per Friday, July 7, the company rating was maintained by Cowen & Co. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Bank of America on Monday, February 26. Macquarie Research maintained the stock with “Neutral” rating in Wednesday, September 9 report. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by SunTrust on Tuesday, April 3. The firm earned “Neutral” rating on Tuesday, June 27 by Atlantic Securities. The stock has “Hold” rating by Standpoint Research on Wednesday, April 20.

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It dropped, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Moreover, Honeywell Intl has 0.75% invested in Schlumberger Limited (NYSE:SLB) for 334,600 shares. 4.48M were accumulated by Invesco. Victory Capital Mgmt Inc stated it has 0% in Schlumberger Limited (NYSE:SLB). 14,576 are owned by Strategy Asset Managers Llc. State Of Alaska Department Of Revenue holds 0.26% of its portfolio in Schlumberger Limited (NYSE:SLB) for 159,304 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.39% of its portfolio in Schlumberger Limited (NYSE:SLB). Marshwinds Advisory Company, Georgia-based fund reported 20,485 shares. Credit Suisse Ag stated it has 0.22% of its portfolio in Schlumberger Limited (NYSE:SLB). Columbia Asset Management has 10,748 shares for 0.21% of their portfolio. 12,270 are held by Peoples Fincl Svcs Corp. Tru Of Oklahoma accumulated 12,532 shares or 0.44% of the stock. Horizon Kinetics Ltd Llc owns 0.02% invested in Schlumberger Limited (NYSE:SLB) for 11,990 shares. Guardian Capital Advsrs LP reported 2,705 shares stake. Roosevelt Invest Gru holds 0.08% or 12,140 shares. Livforsakringsbolaget Skandia Omsesidigt has 21,103 shares for 0.14% of their portfolio.

Since October 24, 2017, it had 3 insider purchases, and 3 selling transactions for $6.93 million activity. 5,000 shares were bought by Schorn Patrick, worth $323,950 on Monday, March 26. The insider SANDVOLD TORE I sold $219,205. KIBSGAARD PAAL also bought $646,800 worth of Schlumberger Limited (NYSE:SLB) shares. The insider Al Mogharbel Khaled bought 3,000 shares worth $192,900. The insider Guild Howard sold $1.96 million.

Beutel Goodman & Co Ltd, which manages about $36.47 billion and $14.72 billion US Long portfolio, decreased its stake in Rogers Communication (NYSE:RCI) by 81,425 shares to 16.32M shares, valued at $835.06M in 2017Q4, according to the filing. It also reduced its holding in Cameco Corp (NYSE:CCJ) by 246,285 shares in the quarter, leaving it with 23.20M shares, and cut its stake in Cdn Natl Railway (NYSE:CNI).

Among 29 analysts covering Verizon Communications Inc. (NYSE:VZ), 10 have Buy rating, 0 Sell and 19 Hold. Therefore 34% are positive. Verizon Communications Inc. had 77 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Moffett Nathanson on Wednesday, February 28. SunTrust maintained the stock with “Hold” rating in Tuesday, January 23 report. The firm has “Hold” rating by SunTrust given on Wednesday, December 6. The firm has “Neutral” rating by Citigroup given on Monday, March 14. The rating was downgraded by Raymond James on Wednesday, January 25 to “Mkt Perform”. On Friday, July 7 the stock rating was maintained by RBC Capital Markets with “Hold”. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Sunday, September 17. RBC Capital Markets has “Hold” rating and $50.0 target. As per Wednesday, January 24, the company rating was maintained by Jefferies. The rating was downgraded by Zacks on Monday, September 7 to “Hold”. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Outperform” rating by RBC Capital Markets on Wednesday, September 30.

Investors sentiment increased to 1.02 in Q4 2017. Its up 0.14, from 0.88 in 2017Q3. It increased, as 57 investors sold VZ shares while 662 reduced holdings. 141 funds opened positions while 592 raised stakes. 2.54 billion shares or 0.48% more from 2.53 billion shares in 2017Q3 were reported. Sonata Gp holds 0.52% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 13,619 shares. Stewart & Patten Limited has 7,479 shares. Css Limited Liability Corp Il owns 20,722 shares. Beutel Goodman And Com has invested 1.82% in Verizon Communications Inc. (NYSE:VZ). Boyar Asset Mngmt Inc invested 0.48% in Verizon Communications Inc. (NYSE:VZ). The Connecticut-based Birinyi Associate has invested 0.59% in Verizon Communications Inc. (NYSE:VZ). Carlton Hofferkamp Jenks Wealth Mgmt Llc invested 1.03% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Moreover, Rwc Asset Management Limited Liability Partnership has 0.09% invested in Verizon Communications Inc. (NYSE:VZ). Portland Advisors Ltd Llc accumulated 0.09% or 4,403 shares. House Ltd Company holds 42,033 shares. Qs Invsts Lc invested in 719,254 shares. Fmr Ltd Limited Liability Company reported 65.12 million shares. Altrinsic Glob Ltd Liability accumulated 491,645 shares. Moreover, Raab & Moskowitz Asset Mgmt Limited Liability Corp has 1.87% invested in Verizon Communications Inc. (NYSE:VZ) for 73,308 shares. Integral Derivatives Ltd Liability Corp, a New York-based fund reported 53,285 shares.

Since October 27, 2017, it had 0 insider purchases, and 2 sales for $376,615 activity. The insider Skiadas Anthony T sold $346,957.

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