As Schlumberger LTD Com (SLB) Market Value Declined, Reaves W H & Company Has Trimmed Stake; Shareholder Emerald Mutual Fund Advisers Trust Has Lifted Tutor Perini (TPC) Position

January 14, 2018 - By Ruchi Gupta

Emerald Mutual Fund Advisers Trust increased its stake in Tutor Perini Corporation (TPC) by 2.7% based on its latest 2017Q3 regulatory filing with the SEC. Emerald Mutual Fund Advisers Trust bought 19,640 shares as the company’s stock declined 11.85% while stock markets rallied. The institutional investor held 746,521 shares of the general bldg contractors – nonresidential bldgs company at the end of 2017Q3, valued at $21.20 million, up from 726,881 at the end of the previous reported quarter. Emerald Mutual Fund Advisers Trust who had been investing in Tutor Perini Corporation for a number of months, seems to be bullish on the $1.37B market cap company. The stock increased 2.80% or $0.75 during the last trading session, reaching $27.5. About 466,406 shares traded or 6.10% up from the average. Tutor Perini Corporation (NYSE:TPC) has risen 25.83% since January 14, 2017 and is uptrending. It has outperformed by 9.13% the S&P500.

Reaves W H & Company Inc decreased its stake in Schlumberger Ltd Com (SLB) by 53.37% based on its latest 2017Q3 regulatory filing with the SEC. Reaves W H & Company Inc sold 41,031 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 35,847 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $2.50M, down from 76,878 at the end of the previous reported quarter. Reaves W H & Company Inc who had been investing in Schlumberger Ltd Com for a number of months, seems to be less bullish one the $108.01 billion market cap company. The stock increased 1.19% or $0.92 during the last trading session, reaching $77.97. About 9.21M shares traded or 0.46% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 14, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Emerald Mutual Fund Advisers Trust, which manages about $1.06B and $2.40 billion US Long portfolio, decreased its stake in Bank Of The Ozarks Inc (NASDAQ:OZRK) by 281,851 shares to 574,288 shares, valued at $27.60M in 2017Q3, according to the filing. It also reduced its holding in Matthews Intl Corp Cl A (NASDAQ:MATW) by 61,338 shares in the quarter, leaving it with 128,310 shares, and cut its stake in Tetra Tech Inc (NASDAQ:TTEK).

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.38, from 0.92 in 2017Q2. It improved, as 15 investors sold TPC shares while 46 reduced holdings. 26 funds opened positions while 53 raised stakes. 39.47 million shares or 0.57% more from 39.25 million shares in 2017Q2 were reported. 241,502 are held by Anchor Bolt Lp. Nationwide Fund Advsrs stated it has 111,687 shares. Argyle Mgmt, a Pennsylvania-based fund reported 8,500 shares. First Trust Limited Partnership holds 0.02% of its portfolio in Tutor Perini Corporation (NYSE:TPC) for 252,627 shares. Schwab Charles Invest Mgmt holds 370,542 shares or 0.01% of its portfolio. Barclays Public Limited holds 20,452 shares. Pennsylvania-based Emerald Advisers Pa has invested 1.06% in Tutor Perini Corporation (NYSE:TPC). At National Bank & Trust owns 10,990 shares. Nordea Inv Management Ab, Sweden-based fund reported 242,900 shares. Alliancebernstein Lp invested 0.05% in Tutor Perini Corporation (NYSE:TPC). Goldman Sachs accumulated 0% or 44,778 shares. Howe And Rusling reported 123 shares stake. Advsr Asset Mngmt holds 0.06% or 130,806 shares in its portfolio. Piermont Capital Mngmt holds 0.77% or 81,678 shares in its portfolio. Livforsakringsbolaget Skandia Omsesidigt has 0.11% invested in Tutor Perini Corporation (NYSE:TPC).

Among 11 analysts covering Tutor Perini Corp (NYSE:TPC), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Tutor Perini Corp had 26 analyst reports since August 8, 2015 according to SRatingsIntel. The stock of Tutor Perini Corporation (NYSE:TPC) earned “Buy” rating by UBS on Monday, November 13. As per Wednesday, November 15, the company rating was maintained by B. Riley & Co. The stock of Tutor Perini Corporation (NYSE:TPC) earned “Hold” rating by Standpoint Research on Tuesday, May 24. The rating was initiated by Standpoint Research with “Buy” on Monday, April 11. KeyBanc Capital Markets maintained the shares of TPC in report on Thursday, October 5 with “Hold” rating. The firm has “Buy” rating given on Monday, August 7 by Canaccord Genuity. The stock of Tutor Perini Corporation (NYSE:TPC) earned “Outperform” rating by FBR Capital on Thursday, June 30. The firm has “Hold” rating given on Wednesday, December 9 by Stifel Nicolaus. FBR Capital maintained the shares of TPC in report on Tuesday, November 14 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, August 23 with “Hold”.

Since September 6, 2017, it had 0 buys, and 5 insider sales for $5.35 million activity. Shares for $1.96 million were sold by Ronald N. Tutor Separate Property Trust. Another trade for 4,829 shares valued at $131,735 was sold by REISS DALE ANN.

Investors sentiment is 0.88 in 2017 Q3. 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. Boston Ptnrs reported 84,156 shares. Arrowgrass Capital Llp invested in 0.93% or 50,545 shares. Thomas Story & Son Ltd Liability Co owns 89,964 shares. Peak Asset Mgmt Ltd reported 12,584 shares or 0.31% of all its holdings. Invest Prtn Limited Oh Adv stated it has 5,274 shares. Clear Harbor Asset Mngmt Limited Liability Company has 8,250 shares for 0.11% of their portfolio. International Sarl stated it has 1.1% of its portfolio in Schlumberger Limited (NYSE:SLB). Moreover, Guinness Asset Mngmt Limited has 2.97% invested in Schlumberger Limited (NYSE:SLB) for 203,020 shares. Stock Yards Bancshares & Tru has invested 1.46% in Schlumberger Limited (NYSE:SLB). Riverpark Ltd Llc has 4.57% invested in Schlumberger Limited (NYSE:SLB). Kentucky Retirement Insurance Trust Fund, Kentucky-based fund reported 36,741 shares. 15,446 are owned by Wafra Invest Advisory Group Incorporated Ny. Moreover, Denver Invest Ltd Liability Company has 0.55% invested in Schlumberger Limited (NYSE:SLB) for 160,630 shares. Portland Glob Advsrs Limited Com has invested 0.73% of its portfolio in Schlumberger Limited (NYSE:SLB). Financial Architects Inc reported 340 shares or 0.04% of all its holdings.

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 $623.37 million for 43.32 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.

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

Reaves W H & Company Inc, which manages about $3.03B and $2.76 billion US Long portfolio, upped its stake in Nextera Energy Partners Lp (NYSE:NEP) by 46,025 shares to 1.44 million shares, valued at $58.19M in 2017Q3, according to the filing. It also increased its holding in Zayo Group Hldgs Inc (NYSE:ZAYO) by 125,571 shares in the quarter, for a total of 771,355 shares, and has risen its stake in Comcast Corp Class A (NASDAQ:CMCSA).

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