Gruss Co Inc buys $3.3 Million stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Gruss Co Inc scooped up 40,000 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 45,000 shares of Schlumberger Limited. which is valued at $3.3 Million.Schlumberger Limited. makes up approximately 4.50% of Gruss Co Inc’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in SLB by selling 4,389,897 shares or 19.62% in the most recent quarter. The Hedge Fund company now holds 17,985,689 shares of SLB which is valued at $1,302.7 Million. Schlumberger Limited. makes up approx 0.34% of Wellington Management Group Llp’s portfolio.Teacher Retirement System Of Texas boosted its stake in SLB in the latest quarter, The investment management firm added 201,773 additional shares and now holds a total of 1,067,065 shares of Schlumberger Limited. which is valued at $77.3 Million. Schlumberger Limited. makes up approx 0.53% of Teacher Retirement System Of Texas’s portfolio.Smith Salley Associates boosted its stake in SLB in the latest quarter, The investment management firm added 3,901 additional shares and now holds a total of 74,623 shares of Schlumberger Limited. which is valued at $5.4 Million. Schlumberger Limited. makes up approx 1.38% of Smith Salley Associates’s portfolio.Td Asset Management Inc reduced its stake in SLB by selling 59,477 shares or 6.63% in the most recent quarter. The Hedge Fund company now holds 837,372 shares of SLB which is valued at $62.9 Million. Schlumberger Limited. makes up approx 0.12% of Td Asset Management Inc’s portfolio.Rockland Trust Co boosted its stake in SLB in the latest quarter, The investment management firm added 18,241 additional shares and now holds a total of 161,274 shares of Schlumberger Limited. which is valued at $12.1 Million. Schlumberger Limited. makes up approx 2.10% of Rockland Trust Co’s portfolio.

Schlumberger Limited. opened for trading at $76 and hit $78 on the upside on Wednesday, eventually ending the session at $77.91, with a gain of 3.03% or 2.29 points. The heightened volatility saw the trading volume jump to 74,89,455 shares. Company has a market cap of $97,569 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.

Leave a Reply

Schlumberger Limited. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Schlumberger Limited.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.