Wimmer Associates 1 buys $1,303,341 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Wimmer Associates 1 scooped up 832 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 16,051 shares of Schlumberger Limited. which is valued at $1,303,341.Schlumberger Limited. makes up approximately 1.13% of Wimmer Associates 1’s portfolio.

Other Hedge Funds, Including , American National Registered Investment Advisor boosted its stake in SLB in the latest quarter, The investment management firm added 1,575 additional shares and now holds a total of 15,580 shares of Schlumberger Limited. which is valued at $1,265,096. Schlumberger Limited. makes up approx 0.57% of American National Registered Investment Advisor’s portfolio.Fayez Sarofim Co boosted its stake in SLB in the latest quarter, The investment management firm added 54,480 additional shares and now holds a total of 89,893 shares of Schlumberger Limited. which is valued at $7,299,312. Schlumberger Limited. makes up approx 0.04% of Fayez Sarofim Co’s portfolio.Nippon Life Insurance Co reduced its stake in SLB by selling 5,305 shares or 7.68% in the most recent quarter. The Hedge Fund company now holds 63,796 shares of SLB which is valued at $5,079,438. Schlumberger Limited. makes up approx 0.12% of Nippon Life Insurance Co’s portfolio.Barrett Asset Management boosted its stake in SLB in the latest quarter, The investment management firm added 9,180 additional shares and now holds a total of 387,778 shares of Schlumberger Limited. which is valued at $31,254,907. Schlumberger Limited. makes up approx 2.61% of Barrett Asset Management’s portfolio.

Schlumberger Limited. closed down -0.3 points or -0.37% at $81.75 with 44,73,691 shares getting traded on Tuesday. Post opening the session at $82.17, the shares hit an intraday low of $81.54 and an intraday high of $82.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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