Howard Capital Management buys $12,863,295 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Howard Capital Management scooped up 8,552 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 160,932 shares of Schlumberger Limited. which is valued at $12,863,295.Schlumberger Limited. makes up approximately 2.48% of Howard Capital Management’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 , Carl Domino Inc reduced its stake in SLB by selling 2,085 shares or 8.01% in the most recent quarter. The Hedge Fund company now holds 23,954 shares of SLB which is valued at $1,914,643. Schlumberger Limited. makes up approx 1.72% of Carl Domino Inc’s portfolio.1st Global Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 5,036 additional shares and now holds a total of 26,334 shares of Schlumberger Limited. which is valued at $2,008,231. Schlumberger Limited. makes up approx 0.28% of 1st Global Advisors’s portfolio.North American Management Corp reduced its stake in SLB by selling 3,735 shares or 1.66% in the most recent quarter. The Hedge Fund company now holds 220,763 shares of SLB which is valued at $16,835,386. Schlumberger Limited. makes up approx 2.71% of North American Management Corp’s portfolio.Mai Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 4,964 additional shares and now holds a total of 56,961 shares of Schlumberger Limited. which is valued at $4,208,279. Schlumberger Limited. makes up approx 0.35% of Mai Capital 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.. 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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