Schlumberger Limited. (SLB) : Hbk Investments L P added new position in Schlumberger Limited. during the most recent quarter end. The investment management firm now holds 6,849,931 shares of Schlumberger Limited. which is valued at $496.1 Million , the company said in a statement filed on May 13, 2016 with the SEC.Schlumberger Limited. makes up approximately 10.97% of Hbk Investments L P’s portfolio.
Other Hedge Funds, Including , Sheets Smith Wealth Management sold out all of its stake in SLB during the most recent quarter. The investment firm sold 44,890 shares of SLB which is valued $3.3 Million.Victory Capital Management Inc reduced its stake in SLB by selling 317,198 shares or 21.09% in the most recent quarter. The Hedge Fund company now holds 1,186,582 shares of SLB which is valued at $85.9 Million. Schlumberger Limited. makes up approx 0.37% of Victory Capital Management Inc’s portfolio.Jarislowsky Fraser Ltd reduced its stake in SLB by selling 4,465 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 240,455 shares of SLB which is valued at $17.4 Million. Schlumberger Limited. makes up approx 0.12% of Jarislowsky Fraser Ltd’s portfolio.Gamble Jones Investment Counsel boosted its stake in SLB in the latest quarter, The investment management firm added 3,059 additional shares and now holds a total of 130,923 shares of Schlumberger Limited. which is valued at $9.8 Million. Schlumberger Limited. makes up approx 1.09% of Gamble Jones Investment Counsel’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.