Btr Capital Management Inc Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Btr Capital Management Inc reduced its stake in Schlumberger Limited. by 2.91% during the most recent quarter end. The investment management company now holds a total of 125,042 shares of Schlumberger Limited. which is valued at $9,965,847 after selling 3,745 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Schlumberger Limited. makes up approximately 2.22% of Btr Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 39,815 additional shares and now holds a total of 443,868 shares of Schlumberger Limited. which is valued at $35,376,280. Schlumberger Limited. makes up approx 0.46% of Nisa Investment Advisors’s portfolio.Davis R M Inc boosted its stake in SLB in the latest quarter, The investment management firm added 7,664 additional shares and now holds a total of 151,813 shares of Schlumberger Limited. which is valued at $12,099,496. Schlumberger Limited. makes up approx 0.58% of Davis R M Inc’s portfolio.Community Bank N.a. boosted its stake in SLB in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 15,231 shares of Schlumberger Limited. which is valued at $1,213,911. Schlumberger Limited. makes up approx 0.28% of Community Bank N.a.’s portfolio.First United Bank Trust boosted its stake in SLB in the latest quarter, The investment management firm added 52 additional shares and now holds a total of 12,076 shares of Schlumberger Limited. which is valued at $952,555. Schlumberger Limited. makes up approx 0.81% of First United Bank Trust’s portfolio.Hall Laurie J Trustee boosted its stake in SLB in the latest quarter, The investment management firm added 290 additional shares and now holds a total of 17,693 shares of Schlumberger Limited. which is valued at $1,395,624. Schlumberger Limited. makes up approx 0.90% of Hall Laurie J Trustee’s portfolio.

Schlumberger Limited. opened for trading at $78.81 and hit $79.71 on the upside on Monday, eventually ending the session at $79.7, with a gain of 0.44% or 0.35 points. The heightened volatility saw the trading volume jump to 43,33,637 shares. Company has a market cap of $99,811 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 Upgraded by Societe Generale to ” Buy” on Jul 19, 2016. Scotia Howard Weil Downgraded Schlumberger Limited. on May 12, 2016 to ” Sector Outperform”, Price Target of the shares are set at $80.Schlumberger Limited. was Downgraded by Societe Generale to ” Hold” on Apr 28, 2016.

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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