Ariel Capital Advisors buys $2,742,781 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Ariel Capital Advisors scooped up 7,403 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 36,512 shares of Schlumberger Limited. which is valued at $2,742,781.Schlumberger Limited. makes up approximately 2.40% of Ariel Capital Advisors’s portfolio.

Other Hedge Funds, Including , Compass Capital Management Inc added SLB to its portfolio by purchasing 3,088 company shares during the most recent quarter which is valued at $231,971. Schlumberger Limited. makes up approx 0.05% of Compass Capital Management Inc’s portfolio.Whitnell boosted its stake in SLB in the latest quarter, The investment management firm added 1,151 additional shares and now holds a total of 25,592 shares of Schlumberger Limited. which is valued at $2,056,061. Schlumberger Limited. makes up approx 0.75% of Whitnell’s portfolio.Lee Danner Bass Inc reduced its stake in SLB by selling 3,236 shares or 2.59% in the most recent quarter. The Hedge Fund company now holds 121,587 shares of SLB which is valued at $9,768,300. Schlumberger Limited. makes up approx 1.22% of Lee Danner Bass Inc’s portfolio.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.Fisher Asset Management boosted its stake in SLB in the latest quarter, The investment management firm added 34,084 additional shares and now holds a total of 4,273,670 shares of Schlumberger Limited. which is valued at $341,594,443. Schlumberger Limited. makes up approx 0.67% of Fisher Asset Management’s portfolio.

Schlumberger Limited. opened for trading at $73.33 and hit $74.54 on the upside on Tuesday, eventually ending the session at $74.26, with a gain of 2.05% or 1.49 points. The heightened volatility saw the trading volume jump to 73,80,874 shares. Company has a market cap of $92,998 M.

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.. Schlumberger Limited. was Downgraded by Societe Generale to ” Hold” on Apr 28, 2016. 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 .

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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