Tower Bridge Advisors Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Tower Bridge Advisors reduced its stake in Schlumberger Limited. by 2.18% during the most recent quarter end. The investment management company now holds a total of 189,408 shares of Schlumberger Limited. which is valued at $15,379,930 after selling 4,221 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Schlumberger Limited. makes up approximately 1.86% of Tower Bridge Advisors’s portfolio.

Other Hedge Funds, Including , Alpine Associates Management sold out all of its stake in SLB during the most recent quarter. The investment firm sold 779,826 shares of SLB which is valued $63,321,871.Windsor Capital Management reduced its stake in SLB by selling 406 shares or 12.55% in the most recent quarter. The Hedge Fund company now holds 2,830 shares of SLB which is valued at $230,645. Schlumberger Limited. makes up approx 0.13% of Windsor Capital Management’s portfolio.Sandy Spring Bank boosted its stake in SLB in the latest quarter, The investment management firm added 1,126 additional shares and now holds a total of 69,485 shares of Schlumberger Limited. which is valued at $5,732,513. Schlumberger Limited. makes up approx 0.63% of Sandy Spring Bank’s portfolio.Inverness Counsel Ny boosted its stake in SLB in the latest quarter, The investment management firm added 37,138 additional shares and now holds a total of 265,922 shares of Schlumberger Limited. which is valued at $21,592,866. Schlumberger Limited. makes up approx 1.61% of Inverness Counsel Ny’s portfolio.Thompson Investment Management boosted its stake in SLB in the latest quarter, The investment management firm added 239 additional shares and now holds a total of 69,090 shares of Schlumberger Limited. which is valued at $5,500,946. Schlumberger Limited. makes up approx 1.08% of Thompson Investment Management’s portfolio.

Schlumberger Limited. opened for trading at $80.61 and hit $81.5 on the upside on Monday, eventually ending the session at $81.14, with a gain of 0.30% or 0.24 points. The heightened volatility saw the trading volume jump to 33,59,038 shares. Company has a market cap of $112,841 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.

Leave a Reply

Schlumberger Limited. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Schlumberger Limited.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.