Canandaigua National Bank Trust Co Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Canandaigua National Bank Trust Co reduced its stake in Schlumberger Limited. by 4.79% during the most recent quarter end. The investment management company now holds a total of 52,314 shares of Schlumberger Limited. which is valued at $4,178,842 after selling 2,634 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Schlumberger Limited. makes up approximately 1.19% of Canandaigua National Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Valicenti Advisory Services Inc reduced its stake in SLB by selling 339 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 64,305 shares of SLB which is valued at $5,136,683. Schlumberger Limited. makes up approx 3.16% of Valicenti Advisory Services Inc’s portfolio.Cibc World Markets boosted its stake in SLB in the latest quarter, The investment management firm added 27,975 additional shares and now holds a total of 56,184 shares of Schlumberger Limited. which is valued at $4,585,176. Schlumberger Limited. makes up approx 0.02% of Cibc World Markets’s portfolio.Capital Analysts boosted its stake in SLB in the latest quarter, The investment management firm added 35,524 additional shares and now holds a total of 37,149 shares of Schlumberger Limited. which is valued at $2,960,775. Schlumberger Limited. makes up approx 0.58% of Capital Analysts’s portfolio.Washington Trust Bank reduced its stake in SLB by selling 147 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 9,049 shares of SLB which is valued at $712,518. Schlumberger Limited. makes up approx 0.18% of Washington Trust Bank’s portfolio.

Schlumberger Limited. opened for trading at $78.23 and hit $80.62 on the upside on Friday, eventually ending the session at $80.52, with a gain of 1.86% or 1.47 points. The heightened volatility saw the trading volume jump to 62,00,576 shares. Company has a market cap of $111,979 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.. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Company shares were Reiterated by Scotia Howard Weil on Jul 25, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .Schlumberger Limited. was Upgraded by Societe Generale to ” Buy” on Jul 19, 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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