Schlumberger Limited. (SLB) : Blume Capital Management reduced its stake in Schlumberger Limited. by 1.61% during the most recent quarter end. The investment management company now holds a total of 94,703 shares of Schlumberger Limited. which is valued at $6.9 Million after selling 1,550 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on May 12, 2016.Schlumberger Limited. makes up approximately 4.84% of Blume Capital Management’s portfolio.
Other Hedge Funds, Including , Investec Asset Management North America boosted its stake in SLB in the latest quarter, The investment management firm added 33,894 additional shares and now holds a total of 248,441 shares of Schlumberger Limited. which is valued at $18 Million. Schlumberger Limited. makes up approx 2.96% of Investec Asset Management North America’s portfolio.Savant Capital reduced its stake in SLB by selling 1,784 shares or 25.76% in the most recent quarter. The Hedge Fund company now holds 5,141 shares of SLB which is valued at $372,363. Schlumberger Limited. makes up approx 0.12% of Savant Capital’s portfolio.Blackrock Group Ltd reduced its stake in SLB by selling 36,721 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 14,442,127 shares of SLB which is valued at $1,046 Million. Schlumberger Limited. makes up approx 0.57% of Blackrock Group Ltd’s portfolio. Oxford Asset Management added SLB to its portfolio by purchasing 1,180,578 company shares during the most recent quarter which is valued at $85.5 Million. Schlumberger Limited. makes up approx 3.14% of Oxford Asset Management’s portfolio. Princeton Alpha Management Lp sold out all of its stake in SLB during the most recent quarter. The investment firm sold 30,436 shares of SLB which is valued $2.3 Million.
Schlumberger Limited. opened for trading at $74.67 and hit $75.14 on the upside on Friday, eventually ending the session at $74.96, with a gain of 1.02% or 0.76 points. The heightened volatility saw the trading volume jump to 73,89,357 shares. Company has a market cap of $93,875 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.. Scotia Howard Weil Downgraded Schlumberger Limited. on May 12, 2016 to ” Sector Outperform”, Price Target of the shares are set at $80.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 .
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.