North American Management Corp Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : North American Management Corp reduced its stake in Schlumberger Limited. by 1.66% during the most recent quarter end. The investment management company now holds a total of 220,763 shares of Schlumberger Limited. which is valued at $16,835,386 after selling 3,735 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 13, 2016.Schlumberger Limited. makes up approximately 2.71% of North American 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 , Gradient Investments boosted its stake in SLB in the latest quarter, The investment management firm added 3,101 additional shares and now holds a total of 4,031 shares of Schlumberger Limited. which is valued at $307,404. Schlumberger Limited. makes up approx 0.04% of Gradient Investments’s portfolio.Guinness Asset Management Ltd boosted its stake in SLB in the latest quarter, The investment management firm added 151,980 additional shares and now holds a total of 181,640 shares of Schlumberger Limited. which is valued at $13,851,866. Schlumberger Limited. makes up approx 4.10% of Guinness Asset Management Ltd’s portfolio.Bkd Wealth Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 799 additional shares and now holds a total of 32,336 shares of Schlumberger Limited. which is valued at $2,465,943. Schlumberger Limited. makes up approx 0.39% of Bkd Wealth Advisors’s portfolio.Dnb Asset Management As boosted its stake in SLB in the latest quarter, The investment management firm added 100,383 additional shares and now holds a total of 272,523 shares of Schlumberger Limited. which is valued at $20,782,604. Schlumberger Limited. makes up approx 0.43% of Dnb Asset Management As’s portfolio.Chicago Trust Co Na boosted its stake in SLB in the latest quarter, The investment management firm added 3,545 additional shares and now holds a total of 27,755 shares of Schlumberger Limited. which is valued at $2,050,539. Schlumberger Limited. makes up approx 0.89% of Chicago Trust Co Na’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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