Beese Fulmer Investment Management Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Beese Fulmer Investment Management reduced its stake in Schlumberger Limited. by 1.0% during the most recent quarter end. The investment management company now holds a total of 98,023 shares of Schlumberger Limited. which is valued at $7,475,234 after selling 993 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Schlumberger Limited. makes up approximately 2.14% of Beese Fulmer Investment Management’s portfolio.

Schlumberger Limited. closed down -0.9 points or -1.17% at $76.26 with 68,69,867 shares getting traded on Friday. Post opening the session at $77.16, the shares hit an intraday low of $75.95 and an intraday high of $77.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Addison Capital Co reduced its stake in SLB by selling 247 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 13,699 shares of SLB which is valued at $1,044,686. Schlumberger Limited. makes up approx 0.79% of Addison Capital Co’s portfolio.Proficio Capital Partners boosted its stake in SLB in the latest quarter, The investment management firm added 237 additional shares and now holds a total of 826 shares of Schlumberger Limited. which is valued at $61,025. Schlumberger Limited. makes up approx 0.05% of Proficio Capital Partners’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.Capital Insight Partners boosted its stake in SLB in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 26,631 shares of Schlumberger Limited. which is valued at $1,967,498. Schlumberger Limited. makes up approx 2.01% of Capital Insight Partners’s portfolio.Curbstone Financial Management Corp reduced its stake in SLB by selling 340 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 24,136 shares of SLB which is valued at $1,783,168. Schlumberger Limited. makes up approx 0.60% of Curbstone Financial Management Corp’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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