Osborne Partners Capital Management Boosted Schlumberger LTD (SLB) Holding by $433,680; Oppenheimer & Company Has Lowered Illumina (ILMN) Position by $3.25 Million

December 16, 2017 - By Louis Casey

Osborne Partners Capital Management Llc increased its stake in Schlumberger Ltd (SLB) by 3.5% based on its latest 2017Q2 regulatory filing with the SEC. Osborne Partners Capital Management Llc bought 6,672 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund held 197,171 shares of the oilfield services and equipment company at the end of 2017Q2, valued at $12.98 million, up from 190,499 at the end of the previous reported quarter. Osborne Partners Capital Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $86.01B market cap company. The stock decreased 0.45% or $0.28 during the last trading session, reaching $62.09. About 15.83 million shares traded or 93.16% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since December 16, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Oppenheimer & Company Inc decreased its stake in Illumina Inc (ILMN) by 17.7% based on its latest 2017Q2 regulatory filing with the SEC. Oppenheimer & Company Inc sold 18,794 shares as the company’s stock rose 8.35% with the market. The institutional investor held 87,385 shares of the capital goods company at the end of 2017Q2, valued at $15.16 million, down from 106,179 at the end of the previous reported quarter. Oppenheimer & Company Inc who had been investing in Illumina Inc for a number of months, seems to be less bullish one the $31.62 billion market cap company. The stock increased 2.70% or $5.7 during the last trading session, reaching $216.55. About 1.80 million shares traded or 139.18% up from the average. Illumina, Inc. (NASDAQ:ILMN) has risen 28.24% since December 16, 2016 and is uptrending. It has outperformed by 11.54% the S&P500.

Analysts await Illumina, Inc. (NASDAQ:ILMN) to report earnings on January, 30. They expect $1.18 EPS, up 38.82% or $0.33 from last year’s $0.85 per share. ILMN’s profit will be $172.28 million for 45.88 P/E if the $1.18 EPS becomes a reality. After $1.11 actual EPS reported by Illumina, Inc. for the previous quarter, Wall Street now forecasts 6.31% EPS growth.

Oppenheimer & Company Inc, which manages about $8.66 billion and $3.63B US Long portfolio, upped its stake in Martin Marietta Matls Inc (NYSE:MLM) by 4,351 shares to 23,238 shares, valued at $5.17 million in 2017Q2, according to the filing. It also increased its holding in Wisdomtree Tr (DXJ) by 13,780 shares in the quarter, for a total of 87,343 shares, and has risen its stake in Vanguard World Fds (VCR).

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.43, from 0.91 in 2017Q1. It improved, as 32 investors sold ILMN shares while 150 reduced holdings. 80 funds opened positions while 164 raised stakes. 133.36 million shares or 1.16% less from 134.93 million shares in 2017Q1 were reported. Friess Assoc Ltd Liability stated it has 100,925 shares. Moreover, Boston Advsr Lc has 0.08% invested in Illumina, Inc. (NASDAQ:ILMN) for 20,182 shares. Credit Agricole S A has invested 0.02% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). 1,200 were reported by Birch Hill Invest Advsrs Limited Liability Corporation. Moreover, Bamco Inc has 0.4% invested in Illumina, Inc. (NASDAQ:ILMN). Somerville Kurt F invested 0.95% in Illumina, Inc. (NASDAQ:ILMN). Old Mutual Customised Solutions (Proprietary) Limited reported 1,540 shares stake. Brown Advisory, a Maryland-based fund reported 20,496 shares. Schwab Charles Invest Mgmt Incorporated has invested 0.08% of its portfolio in Illumina, Inc. (NASDAQ:ILMN). Kidder Stephen W holds 0.9% or 13,641 shares in its portfolio. Wells Fargo & Communication Mn holds 0.02% or 338,695 shares in its portfolio. Vanguard Incorporated has 0.08% invested in Illumina, Inc. (NASDAQ:ILMN) for 9.90M shares. Riverhead Capital Management Ltd Com holds 0.02% of its portfolio in Illumina, Inc. (NASDAQ:ILMN) for 2,313 shares. Advsrs Asset reported 15,132 shares. Cambridge Invest Advsrs accumulated 10,447 shares.

Since August 1, 2017, it had 0 buys, and 21 selling transactions for $42.51 million activity. $4.20 million worth of Illumina, Inc. (NASDAQ:ILMN) shares were sold by Ronaghi Mostafa. FLATLEY JAY T sold $3.89 million worth of stock. 1,671 shares were sold by OSTADAN OMEAD, worth $326,279. Van Oene Mark sold $259,013 worth of stock or 1,250 shares. Bouchard Michel sold $1.09M worth of stock. Dadswell Charles sold $29,323 worth of Illumina, Inc. (NASDAQ:ILMN) on Tuesday, October 3.

Among 26 analysts covering Illumina Inc (NASDAQ:ILMN), 15 have Buy rating, 1 Sell and 10 Hold. Therefore 58% are positive. Illumina Inc had 77 analyst reports since July 22, 2015 according to SRatingsIntel. BTIG Research maintained the stock with “Buy” rating in Thursday, August 20 report. The stock has “Market Perform” rating by Wells Fargo on Thursday, January 7. The firm earned “Buy” rating on Monday, October 23 by Deutsche Bank. The stock of Illumina, Inc. (NASDAQ:ILMN) has “Hold” rating given on Tuesday, September 26 by Goldman Sachs. Barclays Capital maintained the shares of ILMN in report on Tuesday, April 19 with “Equal-Weight” rating. The rating was maintained by Cowen & Co with “Buy” on Wednesday, October 25. Cowen & Co maintained Illumina, Inc. (NASDAQ:ILMN) rating on Tuesday, April 19. Cowen & Co has “Outperform” rating and $180 target. On Tuesday, October 6 the stock rating was maintained by Stifel Nicolaus with “Buy”. Piper Jaffray maintained it with “Overweight” rating and $220 target in Tuesday, October 6 report. As per Tuesday, January 10, the company rating was upgraded by Bank of America.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.29, from 1.17 in 2017Q1. It turned negative, 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. Engineers Gate Manager LP stated it has 22,189 shares. Taurus Asset Management Lc stated it has 17,855 shares. Van Strum Towne reported 2.76% in Schlumberger Limited (NYSE:SLB). 620,921 were reported by Welch Forbes Llc. Bryn Mawr Tru holds 0.34% or 86,358 shares. Williams Jones Limited Company holds 0.1% in Schlumberger Limited (NYSE:SLB) or 62,676 shares. First Merchants owns 53,461 shares for 0.97% of their portfolio. Trustmark Savings Bank Department owns 17,300 shares. Edge Wealth Mgmt Limited Liability holds 0.03% or 1,353 shares. Sva Plumb Wealth Lc stated it has 47,184 shares or 0.4% of all its holdings. D E Shaw & Co has 0.49% invested in Schlumberger Limited (NYSE:SLB). Korea Inv Corporation has invested 0.35% in Schlumberger Limited (NYSE:SLB). Abner Herrman Brock accumulated 96,930 shares. Reilly Ltd Liability Company has invested 1.36% in Schlumberger Limited (NYSE:SLB). Warren Averett Asset Mgmt Ltd Llc has 0.1% invested in Schlumberger Limited (NYSE:SLB).

Osborne Partners Capital Management Llc, which manages about $1.48B and $702.95 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 16,608 shares to 126,098 shares, valued at $18.16 million in 2017Q2, according to the filing. It also reduced its holding in Bunge Limited (NYSE:BG) by 56,153 shares in the quarter, leaving it with 3,065 shares, and cut its stake in Paypal Holdings Inc.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 123 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Wednesday, June 21. Argus Research maintained Schlumberger Limited (NYSE:SLB) rating on Thursday, August 27. Argus Research has “Buy” rating and $112 target. Citigroup maintained the shares of SLB in report on Monday, October 5 with “Buy” rating. HSBC maintained Schlumberger Limited (NYSE:SLB) on Thursday, September 3 with “Buy” rating. Cowen & Co maintained Schlumberger Limited (NYSE:SLB) rating on Monday, April 25. Cowen & Co has “Outperform” rating and $85 target. The rating was upgraded by Bernstein on Thursday, July 6 to “Outperform”. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Citigroup on Thursday, October 5. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, March 28. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 20. The company was maintained on Monday, January 25 by Oppenheimer.

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