Schlumberger LTD (SLB) Stake Held by Pax World Management Llc; As Rpc (RES) Stock Price Declined, Impala Asset Management Has Raised by $21.32 Million Its Holding

August 10, 2018 - By Jimmy Cauthen

Schlumberger Limited (NYSE:SLB) Logo

Pax World Management Llc increased its stake in Schlumberger Ltd (SLB) by 10.87% based on its latest 2018Q1 regulatory filing with the SEC. Pax World Management Llc bought 18,900 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 192,777 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $12.49 million, up from 173,877 at the end of the previous reported quarter. Pax World Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $91.41 billion market cap company. The stock increased 0.98% or $0.64 during the last trading session, reaching $66.04. About 4.83 million shares traded. Schlumberger Limited (NYSE:SLB) has declined 1.14% since August 10, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Impala Asset Management Llc increased its stake in Rpc Inc (RES) by 789.73% based on its latest 2018Q1 regulatory filing with the SEC. Impala Asset Management Llc bought 1.18 million shares as the company’s stock declined 14.31% with the market. The hedge fund held 1.33 million shares of the energy company at the end of 2018Q1, valued at $24.06M, up from 150,000 at the end of the previous reported quarter. Impala Asset Management Llc who had been investing in Rpc Inc for a number of months, seems to be bullish on the $3.25 billion market cap company. The stock increased 2.93% or $0.43 during the last trading session, reaching $15.12. About 1.48M shares traded. RPC, Inc. (NYSE:RES) has declined 11.79% since August 10, 2017 and is downtrending. It has underperformed by 24.36% the S&P500. Some Historical RES News: 13/03/2018 – RPC GROUP PLC – CONSIDERATION OF EUR 75 MLN IS BEING FUNDED FROM RPC’S EXISTING DEBT FACILITIES AND REPRESENTS A PRE-SYNERGY EBITDA MULTIPLE OF CIRCA 7X; 02/04/2018 – Marine Products Corporation Announces First Quarter 2018 Share Repurchases; 29/03/2018 – RPC Expects FY18 Revenue Significantly Ahead of Prior Year; 25/04/2018 – RPC Inc 1Q EPS 24c; 25/04/2018 – RPC 1Q EPS 24C; 13/03/2018 – RPC GROUP PLC – ACQUISITION WILL NOT IMPACT SHARE BUYBACK PROGRAMME, OF UP TO £100 MLN, CURRENTLY BEING EXECUTED; 04/05/2018 – RPC Non-Deal Roadshow Scheduled By SunTrust for May. 11; 25/04/2018 – RPC 1Q REV. $436.3M, EST. $461.7M; 11/04/2018 – RPC Closes Above 50-Day Moving Average: Technicals; 29/03/2018 – RPC GROUP PLC RPC.L – REVENUE FOR FULL YEAR IS EXPECTED TO HAVE GROWN SIGNIFICANTLY VERSUS LAST YEAR

Since March 26, 2018, it had 3 buys, and 1 insider sale for $945,601 activity. Shares for $218,049 were sold by Jaramillo Claudia on Wednesday, May 16. 3,000 shares were bought by Al Mogharbel Khaled, worth $192,900 on Wednesday, March 28. On Monday, March 26 KIBSGAARD PAAL bought $646,800 worth of Schlumberger Limited (NYSE:SLB) or 10,000 shares.

Investors sentiment increased to 1.2 in 2018 Q1. Its up 0.54, from 0.66 in 2017Q4. It is positive, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Glob X Com holds 0.02% of its portfolio in Schlumberger Limited (NYSE:SLB) for 16,478 shares. Moreover, Girard Ptnrs has 0.92% invested in Schlumberger Limited (NYSE:SLB) for 60,908 shares. Brown Advisory Incorporated invested in 0.12% or 411,154 shares. Ledyard Bankshares stated it has 0.52% in Schlumberger Limited (NYSE:SLB). Talara Capital Mgmt Llc owns 53,675 shares. Mitsubishi Ufj Tru Corp holds 0.35% in Schlumberger Limited (NYSE:SLB) or 3.04 million shares. Adage Capital Prns Group Lc holds 0.23% in Schlumberger Limited (NYSE:SLB) or 1.53M shares. Zacks Inv Mngmt invested 0.6% in Schlumberger Limited (NYSE:SLB). Millennium Mngmt Lc, New York-based fund reported 11,092 shares. 3,822 were reported by Financial Consulate. Sawgrass Asset Mgmt Limited Liability Company invested in 17,290 shares. Wendell David Incorporated reported 17,781 shares stake. Bb&T Ltd owns 399,328 shares. Inverness Counsel Limited has invested 0.09% in Schlumberger Limited (NYSE:SLB). Fmr Limited Liability Corporation reported 6.75 million shares.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 154 analyst reports since July 22, 2015 according to SRatingsIntel. On Friday, June 30 the stock rating was maintained by Jefferies with “Buy”. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Jefferies on Friday, September 29. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, June 27. The stock has “Buy” rating by Citigroup on Wednesday, June 13. The firm earned “Focus Stock” rating on Monday, January 25 by Howard Weil. The company was maintained on Friday, May 5 by Bernstein. The rating was maintained by Oppenheimer on Monday, January 25 with “Outperform”. Jefferies maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, January 4. Jefferies has “Buy” rating and $78.0 target. The firm has “Buy” rating by Cowen & Co given on Thursday, March 15. The company was maintained on Thursday, August 27 by Argus Research.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Seekingalpha.com which released: “Schlumberger’s Business Is Recovering” on July 24, 2018, also Seekingalpha.com with their article: “Schlumberger: Beat And Scarred, But Not Broken” published on July 24, 2018, Seekingalpha.com published: “Schlumberger: The Much Awaited Recovery Is Here” on August 02, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Seekingalpha.com and their article: “Another Solid Performance From Schlumberger” published on July 27, 2018 as well as Seekingalpha.com‘s news article titled: “Schlumberger Now Taking Market Share With OneStim” with publication date: July 24, 2018.

Pax World Management Llc, which manages about $3.21 billion and $1.73 billion US Long portfolio, decreased its stake in Ss&C Technologies Hldgs Inc (NASDAQ:SSNC) by 540,500 shares to 52,915 shares, valued at $2.84 million in 2018Q1, according to the filing. It also reduced its holding in Lauder Estee Cos Inc (NYSE:EL) by 26,587 shares in the quarter, leaving it with 136,627 shares, and cut its stake in One Gas Inc (NYSE:OGS).

More news for RPC, Inc. (NYSE:RES) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For August 9, 2018” on August 09, 2018. Nasdaq.com‘s article titled: “Detailed Research: Economic Perspectives on Apptio, RPC, Kansas City Southern, MasTec, Commercial Metals, and …” and published on August 10, 2018 is yet another important article.

Among 24 analysts covering RPC (NYSE:RES), 4 have Buy rating, 1 Sell and 19 Hold. Therefore 17% are positive. RPC had 96 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Outperform” rating by FBR Capital given on Monday, March 7. The firm has “Market Perform” rating by Cowen & Co given on Thursday, January 19. The firm earned “Buy” rating on Tuesday, April 10 by BMO Capital Markets. The stock of RPC, Inc. (NYSE:RES) has “Hold” rating given on Wednesday, January 24 by Piper Jaffray. The firm has “Neutral” rating given on Wednesday, June 21 by Seaport Global. The rating was downgraded by Credit Suisse on Friday, October 13 to “Neutral”. On Monday, September 21 the stock rating was maintained by FBR Capital with “Market Perform”. The company was maintained on Thursday, January 25 by Susquehanna. FBR Capital upgraded the shares of RES in report on Wednesday, January 6 to “Outperform” rating. The stock of RPC, Inc. (NYSE:RES) earned “Hold” rating by Raymond James on Thursday, October 26.

Since May 10, 2018, it had 0 insider purchases, and 2 sales for $337,881 activity.

RPC, Inc. (NYSE:RES) Institutional Positions Chart

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