Everence Capital Management Inc buys $3,445,063 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Everence Capital Management Inc scooped up 7,241 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 43,101 shares of Schlumberger Limited. which is valued at $3,445,063.Schlumberger Limited. makes up approximately 1.05% of Everence Capital Management Inc’s portfolio.

Schlumberger Limited. opened for trading at $79.78 and hit $81.18 on the upside on Wednesday, eventually ending the session at $80.6, with a gain of 1.77% or 1.4 points. The heightened volatility saw the trading volume jump to 73,11,719 shares. Company has a market cap of $101,263 M.

Other Hedge Funds, Including , Jnba Financial Advisors reduced its stake in SLB by selling 208 shares or 8.92% in the most recent quarter. The Hedge Fund company now holds 2,125 shares of SLB which is valued at $169,851. Schlumberger Limited. makes up approx 0.06% of Jnba Financial Advisors’s portfolio.Seabridge Investment Advisors reduced its stake in SLB by selling 200 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 4,460 shares of SLB which is valued at $356,488. Schlumberger Limited. makes up approx 0.08% of Seabridge Investment Advisors’s portfolio.Mission Wealth Management boosted its stake in SLB in the latest quarter, The investment management firm added 812 additional shares and now holds a total of 3,854 shares of Schlumberger Limited. which is valued at $293,906. Schlumberger Limited. makes up approx 0.08% of Mission Wealth Management’s portfolio.Gierl Augustine Investment Management Inc boosted its stake in SLB in the latest quarter, The investment management firm added 1,854 additional shares and now holds a total of 1,858 shares of Schlumberger Limited. which is valued at $141,691. Schlumberger Limited. makes up approx 0.13% of Gierl Augustine Investment Management Inc’s portfolio.Capital Insight Partners boosted its stake in SLB in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 26,631 shares of Schlumberger Limited. which is valued at $1,967,498. Schlumberger Limited. makes up approx 2.01% of Capital Insight Partners’s portfolio.

On the company’s financial health, Schlumberger Limited. reported $0.40 EPS for the quarter, based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus estimate of $0.40. The company had revenue of $6520.00 million for the quarter, compared to analysts expectations of $6533.64 million. The company’s revenue was down -36.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.06 EPS.

Many Wall Street Analysts have commented on Schlumberger Limited.. Shares were Reiterated by Barclays on Apr 26, 2016 to “Overweight” and Lowered the Price Target to $ 92 from a previous price target of $93 .Company shares were Reiterated by Cowen on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .Company shares were Reiterated by Nomura on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $81 .

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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