First Western Capital Management Co buys $5,524,921 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : First Western Capital Management Co scooped up 5,304 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 69,122 shares of Schlumberger Limited. which is valued at $5,524,921.Schlumberger Limited. makes up approximately 1.93% of First Western Capital Management Co’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 , First Quadrant L Pca boosted its stake in SLB in the latest quarter, The investment management firm added 11,455 additional shares and now holds a total of 625,792 shares of Schlumberger Limited. which is valued at $50,019,555. Schlumberger Limited. makes up approx 1.07% of First Quadrant L Pca’s portfolio.Donald L. Hagan boosted its stake in SLB in the latest quarter, The investment management firm added 102 additional shares and now holds a total of 7,435 shares of Schlumberger Limited. which is valued at $566,993. Schlumberger Limited. makes up approx 0.52% of Donald L. Hagan’s portfolio.British Columbia Investment Management Corp boosted its stake in SLB in the latest quarter, The investment management firm added 129,548 additional shares and now holds a total of 807,109 shares of Schlumberger Limited. which is valued at $59,629,213. Schlumberger Limited. makes up approx 0.56% of British Columbia Investment Management Corp’s portfolio.Edge Wealth Management boosted its stake in SLB in the latest quarter, The investment management firm added 37,315 additional shares and now holds a total of 37,885 shares of Schlumberger Limited. which is valued at $2,798,944. Schlumberger Limited. makes up approx 1.28% of Edge Wealth Management’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.. Shares were Reiterated by Barclays on Apr 26, 2016 to “Overweight” and Lowered the Price Target to $ 92 from a previous price target of $93 .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 .

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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