Signature Estate Investment Advisors buys $12,669,608 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Signature Estate Investment Advisors scooped up 13,717 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 166,137 shares of Schlumberger Limited. which is valued at $12,669,608.Schlumberger Limited. makes up approximately 2.08% of Signature Estate Investment Advisors’s portfolio.

Schlumberger Limited. closed down -0.83 points or -1.02% at $80.27 with 82,94,056 shares getting traded on Wednesday. Post opening the session at $80.88, the shares hit an intraday low of $80.16 and an intraday high of $81.96 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Capital Advisors Ltd. reduced its stake in SLB by selling 540 shares or 87.52% in the most recent quarter. The Hedge Fund company now holds 77 shares of SLB which is valued at $5,872.Eastern Bank boosted its stake in SLB in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 22,336 shares of Schlumberger Limited. which is valued at $1,703,343. Schlumberger Limited. makes up approx 0.14% of Eastern Bank’s portfolio.Waverton Investment Management Ltd reduced its stake in SLB by selling 1,700 shares or 13.23% in the most recent quarter. The Hedge Fund company now holds 11,150 shares of SLB which is valued at $823,762. Schlumberger Limited. makes up approx 0.06% of Waverton Investment Management Ltd’s portfolio.Abner Herrman Brock boosted its stake in SLB in the latest quarter, The investment management firm added 37,135 additional shares and now holds a total of 53,227 shares of Schlumberger Limited. which is valued at $3,932,411. Schlumberger Limited. makes up approx 1.00% of Abner Herrman Brock’s portfolio.Indiana Trust Investment Management Co reduced its stake in SLB by selling 568 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 7,378 shares of SLB which is valued at $545,087. Schlumberger Limited. makes up approx 0.30% of Indiana Trust Investment Management 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.. Company shares were Upgraded by Barclays on Apr 20, 2016 to ” Overweight”, Firm has raised the Price Target to $ 93 from a previous price target of $83 .Schlumberger Limited. was Downgraded by Standpoint Research to ” Hold” on Apr 20, 2016. Schlumberger Limited. was Initiated by Nomura to “Buy” on Apr 8, 2016.

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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