Van Cleef Asset Managementinc buys $5,829,375 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Van Cleef Asset Managementinc scooped up 707 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 72,931 shares of Schlumberger Limited. which is valued at $5,829,375.Schlumberger Limited. makes up approximately 2.04% of Van Cleef Asset Managementinc’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 , Anderson Hoagland Co boosted its stake in SLB in the latest quarter, The investment management firm added 36,520 additional shares and now holds a total of 48,430 shares of Schlumberger Limited. which is valued at $3,871,010. Schlumberger Limited. makes up approx 2.43% of Anderson Hoagland Co’s portfolio.Wagner Bowman Management Corp reduced its stake in SLB by selling 74 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 5,808 shares of SLB which is valued at $442,918. Schlumberger Limited. makes up approx 0.17% of Wagner Bowman Management Corp’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SLB in the latest quarter, The investment management firm added 3,935 additional shares and now holds a total of 260,674 shares of Schlumberger Limited. which is valued at $19,878,999. Schlumberger Limited. makes up approx 0.45% of Oregon Public Employees Retirement Fund’s portfolio. Integrated Investment Consultants added SLB to its portfolio by purchasing 2,250 company shares during the most recent quarter which is valued at $171,585. Schlumberger Limited. makes up approx 0.10% of Integrated Investment Consultants’s portfolio.Central Trust Co boosted its stake in SLB in the latest quarter, The investment management firm added 2,258 additional shares and now holds a total of 51,842 shares of Schlumberger Limited. which is valued at $3,953,471. Schlumberger Limited. makes up approx 0.31% of Central Trust 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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