Amarillo National Bank Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Amarillo National Bank reduced its stake in Schlumberger Limited. by 2.4% during the most recent quarter end. The investment management company now holds a total of 14,521 shares of Schlumberger Limited. which is valued at $1,107,371 after selling 357 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Schlumberger Limited. makes up approximately 0.79% of Amarillo National Bank’s portfolio.

Schlumberger Limited. opened for trading at $74.74 and hit $77.5 on the upside on Monday, eventually ending the session at $77.45, with a gain of 1.56% or 1.19 points. The heightened volatility saw the trading volume jump to 59,47,529 shares. Company has a market cap of $97,306 M.

Other Hedge Funds, Including , North American Management Corp reduced its stake in SLB by selling 3,735 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 220,763 shares of SLB which is valued at $16,835,386. Schlumberger Limited. makes up approx 2.71% of North American Management Corp’s portfolio.Guinness Asset Management Ltd boosted its stake in SLB in the latest quarter, The investment management firm added 151,980 additional shares and now holds a total of 181,640 shares of Schlumberger Limited. which is valued at $13,851,866. Schlumberger Limited. makes up approx 4.10% of Guinness Asset Management Ltd’s portfolio.Atalanta Sosnoff Capital reduced its stake in SLB by selling 185,314 shares or 22.04% in the most recent quarter. The Hedge Fund company now holds 655,417 shares of SLB which is valued at $49,982,100. Schlumberger Limited. makes up approx 1.56% of Atalanta Sosnoff Capital’s portfolio.Burns J W Co Incny boosted its stake in SLB in the latest quarter, The investment management firm added 1,601 additional shares and now holds a total of 26,039 shares of Schlumberger Limited. which is valued at $1,923,761. Schlumberger Limited. makes up approx 0.61% of Burns J W Co Incny’s portfolio.Academy Capital Management Inctx boosted its stake in SLB in the latest quarter, The investment management firm added 107,962 additional shares and now holds a total of 199,191 shares of Schlumberger Limited. which is valued at $14,716,231. Schlumberger Limited. makes up approx 3.60% of Academy Capital Management Inctx’s portfolio.

On the company’s financial health, Schlumberger Limited. reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 21, 2016. Analyst had a consensus of $0.63. The company had revenue of $7744.00 million for the quarter, compared to analysts expectations of $7786.76 million. The company’s revenue was down -38.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on Schlumberger Limited.. Schlumberger Limited. was Initiated by Nomura to “Buy” on Apr 8, 2016. Schlumberger Limited. was Resumed by Credit Suisse to “Outperform” on Apr 4, 2016. Goldman Resumed Schlumberger Limited. on Apr 4, 2016 to “Buy”, Price Target of the shares are set at $82.

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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