Schlumberger Limited. (SLB) : Cheyne Capital Management (uk) Llp added new position in Schlumberger Limited. during the most recent quarter end. The investment management firm now holds 265,433 shares of Schlumberger Limited. which is valued at $21,216,060 , the company said in a statement filed on Apr 18, 2016 with the SEC.Schlumberger Limited. makes up approximately 9.80% of Cheyne Capital Management (uk) Llp’s portfolio.
Schlumberger Limited. closed down -0.34 points or -0.42% at $79.93 with 99,33,393 shares getting traded on Friday. Post opening the session at $77.72, the shares hit an intraday low of $77.72 and an intraday high of $81.015 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Anderson Hoagland Co boosted its stake in SLB in the latest quarter, The investment management firm added 36,520 additional shares and now holds a total of 48,430 shares of Schlumberger Limited. which is valued at $3,871,010. Schlumberger Limited. makes up approx 2.43% of Anderson Hoagland Co’s portfolio.Capital City Trust Cofl reduced its stake in SLB by selling 1,409 shares or 6.43% in the most recent quarter. The Hedge Fund company now holds 20,491 shares of SLB which is valued at $1,562,644. Schlumberger Limited. makes up approx 0.63% of Capital City Trust Cofl’s portfolio.Guinness Atkinson Asset Management Inc boosted its stake in SLB in the latest quarter, The investment management firm added 12,930 additional shares and now holds a total of 88,680 shares of Schlumberger Limited. which is valued at $6,762,737. Schlumberger Limited. makes up approx 4.14% of Guinness Atkinson Asset Management Inc’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in SLB by selling 3,114 shares or 2.55% in the most recent quarter. The Hedge Fund company now holds 119,140 shares of SLB which is valued at $9,085,616. Schlumberger Limited. makes up approx 2.28% of Daiwa Sb Investments Ltd.’s portfolio.
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 Upgraded by Barclays on Apr 20, 2016 to ” Overweight”, Firm has raised the Price Target to $ 93 from a previous price target of $83 .Schlumberger Limited. was Downgraded by Standpoint Research to ” Hold” on Apr 20, 2016. Schlumberger Limited. was Initiated by Nomura to “Buy” on Apr 8, 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.