Schlumberger Limited. (SLB) : Heritage Investors Management Corp scooped up 4,864 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 265,923 shares of Schlumberger Limited. which is valued at $20,279,288.Schlumberger Limited. makes up approximately 1.54% of Heritage Investors Management Corp’s portfolio.
Schlumberger Limited. opened for trading at $74.74 and hit $77.5 on the upside on Monday, eventually ending the session at $77.45, with a gain of 1.56% or 1.19 points. The heightened volatility saw the trading volume jump to 59,47,529 shares. Company has a market cap of $97,306 M.
Other Hedge Funds, Including , Santa Fe Partners added SLB to its portfolio by purchasing 20,059 company shares during the most recent quarter which is valued at $1,529,699. Schlumberger Limited. makes up approx 0.25% of Santa Fe Partners’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.Addison Capital Co reduced its stake in SLB by selling 247 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 13,699 shares of SLB which is valued at $1,044,686. Schlumberger Limited. makes up approx 0.79% of Addison Capital Co’s portfolio.Carlson Capital Management reduced its stake in SLB by selling 88 shares or 2.37% in the most recent quarter. The Hedge Fund company now holds 3,630 shares of SLB which is valued at $268,184. Schlumberger Limited. makes up approx 0.10% of Carlson Capital Management’s portfolio.Trust Co Of Virginia Va reduced its stake in SLB by selling 19 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 9,794 shares of SLB which is valued at $723,581. Schlumberger Limited. makes up approx 0.13% of Trust Co Of Virginia Va’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.