Exencial Wealth Advisors Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Exencial Wealth Advisors reduced its stake in Schlumberger Limited. by 1.02% during the most recent quarter end. The investment management company now holds a total of 45,799 shares of Schlumberger Limited. which is valued at $3,660,714 after selling 471 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Schlumberger Limited. makes up approximately 1.69% of Exencial Wealth Advisors’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 , Howard Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 8,552 additional shares and now holds a total of 160,932 shares of Schlumberger Limited. which is valued at $12,863,295. Schlumberger Limited. makes up approx 2.48% of Howard Capital Management’s portfolio.Acadian Asset Management boosted its stake in SLB in the latest quarter, The investment management firm added 2,700 additional shares and now holds a total of 9,762 shares of Schlumberger Limited. which is valued at $744,450.Newman Dignan Sheerar boosted its stake in SLB in the latest quarter, The investment management firm added 337 additional shares and now holds a total of 13,605 shares of Schlumberger Limited. which is valued at $1,037,517. Schlumberger Limited. makes up approx 0.75% of Newman Dignan Sheerar’s portfolio.Graybill Bartz Assoc Ltd reduced its stake in SLB by selling 134 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 47,015 shares of SLB which is valued at $3,473,468. Schlumberger Limited. makes up approx 3.18% of Graybill Bartz Assoc 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 Reiterated by Cowen on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .Company shares were Reiterated by Nomura on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 88 from a previous price target of $81 .Company shares were Reiterated by KLR Group on Apr 25, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $103 .

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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