Deroy Devereaux Private Investment Counsel Inc buys $17,228,964 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Deroy Devereaux Private Investment Counsel Inc scooped up 480 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 225,924 shares of Schlumberger Limited. which is valued at $17,228,964.Schlumberger Limited. makes up approximately 2.34% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Schlumberger Limited. closed down -0.83 points or -1.02% at $80.27 with 82,94,056 shares getting traded on Wednesday. Post opening the session at $80.88, the shares hit an intraday low of $80.16 and an intraday high of $81.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Btr Capital Management Inc boosted its stake in SLB in the latest quarter, The investment management firm added 2,620 additional shares and now holds a total of 128,787 shares of Schlumberger Limited. which is valued at $9,821,297. Schlumberger Limited. makes up approx 2.25% of Btr Capital Management Inc’s portfolio.Independent Portfolio Consultants boosted its stake in SLB in the latest quarter, The investment management firm added 730 additional shares and now holds a total of 15,089 shares of Schlumberger Limited. which is valued at $1,150,687. Schlumberger Limited. makes up approx 0.32% of Independent Portfolio Consultants’s portfolio. Stillwater Capital Advisors sold out all of its stake in SLB during the most recent quarter. The investment firm sold 54,203 shares of SLB which is valued $4,133,521.Chevy Chase Trust Holdings boosted its stake in SLB in the latest quarter, The investment management firm added 142,241 additional shares and now holds a total of 1,473,107 shares of Schlumberger Limited. which is valued at $108,833,145. Schlumberger Limited. makes up approx 0.63% of Chevy Chase Trust Holdings’s portfolio.Hollencrest Securities boosted its stake in SLB in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 5,160 shares of Schlumberger Limited. which is valued at $381,221. Schlumberger Limited. makes up approx 0.07% of Hollencrest Securities’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.

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