Mercer Capital Advisers Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Mercer Capital Advisers reduced its stake in Schlumberger Limited. by 11.1% during the most recent quarter end. The investment management company now holds a total of 801 shares of Schlumberger Limited. which is valued at $64,024 after selling 100 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Schlumberger Limited. makes up approximately 0.05% of Mercer Capital Advisers’s portfolio.

Schlumberger Limited. opened for trading at $79.78 and hit $81.18 on the upside on Wednesday, eventually ending the session at $80.6, with a gain of 1.77% or 1.4 points. The heightened volatility saw the trading volume jump to 73,11,719 shares. Company has a market cap of $101,263 M.

Other Hedge Funds, Including , Old Second National Bank Of Aurora boosted its stake in SLB in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 40,906 shares of Schlumberger Limited. which is valued at $3,269,617. Schlumberger Limited. makes up approx 1.54% of Old Second National Bank Of Aurora’s portfolio.Winslow Evans Crocker reduced its stake in SLB by selling 2,772 shares or 26.12% in the most recent quarter. The Hedge Fund company now holds 7,842 shares of SLB which is valued at $626,811. Schlumberger Limited. makes up approx 0.19% of Winslow Evans Crocker’s portfolio.Proffitt Goodson Inc boosted its stake in SLB in the latest quarter, The investment management firm added 1,736 additional shares and now holds a total of 14,524 shares of Schlumberger Limited. which is valued at $1,160,903. Schlumberger Limited. makes up approx 0.65% of Proffitt Goodson Inc’s portfolio.Oakbrook Investments boosted its stake in SLB in the latest quarter, The investment management firm added 1,648 additional shares and now holds a total of 248,960 shares of Schlumberger Limited. which is valued at $18,985,690. Schlumberger Limited. makes up approx 1.21% of Oakbrook Investments’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.

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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