Guinness Atkinson Asset Management Inc buys $6,762,737 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Guinness Atkinson Asset Management Inc scooped up 12,930 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 88,680 shares of Schlumberger Limited. which is valued at $6,762,737.Schlumberger Limited. makes up approximately 4.14% of Guinness Atkinson Asset Management Inc’s portfolio.

Schlumberger Limited. closed down -0.9 points or -1.17% at $76.26 with 68,69,867 shares getting traded on Friday. Post opening the session at $77.16, the shares hit an intraday low of $75.95 and an intraday high of $77.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , E&g Advisors Lp reduced its stake in SLB by selling 1,250 shares or 9.15% in the most recent quarter. The Hedge Fund company now holds 12,415 shares of SLB which is valued at $946,768. Schlumberger Limited. makes up approx 0.61% of E&g Advisors Lp’s portfolio.Investment Counsel boosted its stake in SLB in the latest quarter, The investment management firm added 326 additional shares and now holds a total of 14,017 shares of Schlumberger Limited. which is valued at $1,068,936. Schlumberger Limited. makes up approx 0.99% of Investment Counsel’s portfolio.Triangle Securities Wealth Management boosted its stake in SLB in the latest quarter, The investment management firm added 45 additional shares and now holds a total of 19,742 shares of Schlumberger Limited. which is valued at $1,458,539. Schlumberger Limited. makes up approx 0.96% of Triangle Securities Wealth Management’s portfolio.Catawba Capital Management Va boosted its stake in SLB in the latest quarter, The investment management firm added 6,075 additional shares and now holds a total of 55,866 shares of Schlumberger Limited. which is valued at $4,127,380. Schlumberger Limited. makes up approx 1.06% of Catawba Capital Management Va’s portfolio. First American Bank added SLB to its portfolio by purchasing 3,926 company shares during the most recent quarter which is valued at $290,053. Schlumberger Limited. makes up approx 0.03% of First American Bank’s portfolio.

On the company’s financial health, Schlumberger Limited. reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.63. The company had revenue of $7744.00 million for the quarter, compared to analysts expectations of $7786.76 million. The company’s revenue was down -38.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on Schlumberger Limited.. Schlumberger Limited. was Initiated by Nomura to “Buy” on Apr 8, 2016. Schlumberger Limited. was Resumed by Credit Suisse to “Outperform” on Apr 4, 2016. Goldman Resumed Schlumberger Limited. on Apr 4, 2016 to “Buy”, Price Target of the shares are set at $82.

Schlumberger N.V. is a supplier of technology integrated project management and information solutions to the international oil and gas exploration and production industry. The Company operates in the oilfield service markets through three Groups which include Reservoir Characterization Group which consists of the principal technologies involved in finding and defining hydrocarbon resources; Drilling Group which consists of the principal technologies involved in the drilling and positioning of oil and gas wells and Production Group which consists of the principal technologies involved in the lifetime production of oil and gas reservoirs and includes Well Services Completions Artificial Lift Well Intervention Water Services and the Schlumberger Production Management field production projects.

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