Guinness Asset Management Ltd buys $13,851,866 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Guinness Asset Management Ltd scooped up 151,980 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 181,640 shares of Schlumberger Limited. which is valued at $13,851,866.Schlumberger Limited. makes up approximately 4.10% of Guinness Asset Management Ltd’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 , Webster Bank N. A. reduced its stake in SLB by selling 485 shares or 1.0% in the most recent quarter. The Hedge Fund company now holds 48,071 shares of SLB which is valued at $3,665,894. Schlumberger Limited. makes up approx 0.57% of Webster Bank N. A.’s portfolio.Lenox Wealth Advisors reduced its stake in SLB by selling 182 shares or 55.66% in the most recent quarter. The Hedge Fund company now holds 145 shares of SLB which is valued at $11,058.Chelsea Counsel Co reduced its stake in SLB by selling 5,358 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 139,948 shares of SLB which is valued at $10,339,358. Schlumberger Limited. makes up approx 2.99% of Chelsea Counsel Co’s portfolio.Community Trust Investment Co boosted its stake in SLB in the latest quarter, The investment management firm added 11,237 additional shares and now holds a total of 114,995 shares of Schlumberger Limited. which is valued at $8,495,831. Schlumberger Limited. makes up approx 1.10% of Community Trust Investment Co’s portfolio.Stock Yards Bank Trust Co boosted its stake in SLB in the latest quarter, The investment management firm added 13,930 additional shares and now holds a total of 125,729 shares of Schlumberger Limited. which is valued at $9,288,859. Schlumberger Limited. makes up approx 1.33% of Stock Yards Bank Trust Co’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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