Train Babcock Advisors Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Train Babcock Advisors reduced its stake in Schlumberger Limited. by 2.79% during the most recent quarter end. The investment management company now holds a total of 68,553 shares of Schlumberger Limited. which is valued at $5,227,852 after selling 1,965 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Schlumberger Limited. makes up approximately 2.07% of Train Babcock Advisors’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 , Blue Fin Capital reduced its stake in SLB by selling 875 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 6,892 shares of SLB which is valued at $525,584. Schlumberger Limited. makes up approx 0.44% of Blue Fin Capital’s portfolio.Kanaly Trust Co boosted its stake in SLB in the latest quarter, The investment management firm added 114 additional shares and now holds a total of 9,916 shares of Schlumberger Limited. which is valued at $756,194. Schlumberger Limited. makes up approx 0.15% of Kanaly Trust Co’s portfolio.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.Capstone Asset Management Co reduced its stake in SLB by selling 3,569 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 131,982 shares of SLB which is valued at $10,064,947. Schlumberger Limited. makes up approx 0.29% of Capstone Asset Management Co’s portfolio.Livingston Group Asset Management Co (operating As Southp… boosted its stake in SLB in the latest quarter, The investment management firm added 22 additional shares and now holds a total of 3,992 shares of Schlumberger Limited. which is valued at $294,929. Schlumberger Limited. makes up approx 0.19% of Livingston Group Asset Management Co (operating As Southp…’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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