Bank Of The West buys $10,486,977 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Bank Of The West scooped up 3,769 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 139,603 shares of Schlumberger Limited. which is valued at $10,486,977.Schlumberger Limited. makes up approximately 1.46% of Bank Of The West’s portfolio.

Other Hedge Funds, Including , Mar Vista Investment Partners reduced its stake in SLB by selling 29,154 shares or 3.06% in the most recent quarter. The Hedge Fund company now holds 923,228 shares of SLB which is valued at $69,352,887. Schlumberger Limited. makes up approx 4.27% of Mar Vista Investment Partners’s portfolio. Flossbach Von Storch Ag sold out all of its stake in SLB during the most recent quarter. The investment firm sold 126,200 shares of SLB which is valued $9,480,144.Zevin Asset Management reduced its stake in SLB by selling 1,146 shares or 32.63% in the most recent quarter. The Hedge Fund company now holds 2,366 shares of SLB which is valued at $177,734. Schlumberger Limited. makes up approx 0.05% of Zevin Asset Management’s portfolio.Valley National Advisers Inc boosted its stake in SLB in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 2,635 shares of Schlumberger Limited. which is valued at $210,616. Schlumberger Limited. makes up approx 0.11% of Valley National Advisers Inc’s portfolio.Private Trust Co Na reduced its stake in SLB by selling 1,702 shares or 5.3% in the most recent quarter. The Hedge Fund company now holds 30,396 shares of SLB which is valued at $2,429,552. Schlumberger Limited. makes up approx 0.65% of Private Trust Co Na’s portfolio.

Schlumberger Limited. opened for trading at $73.33 and hit $74.54 on the upside on Tuesday, eventually ending the session at $74.26, with a gain of 2.05% or 1.49 points. The heightened volatility saw the trading volume jump to 73,80,874 shares. Company has a market cap of $92,998 M.

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.. Schlumberger Limited. was Downgraded by Societe Generale to ” Hold” on Apr 28, 2016. 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 .

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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