Schlumberger Limited. (SLB) : Oxford Asset Management added new position in Schlumberger Limited. during the most recent quarter end. The investment management firm now holds 1,180,578 shares of Schlumberger Limited. which is valued at $85,509,265 , the company said in a statement filed on May 9, 2016 with the SEC.Schlumberger Limited. makes up approximately 3.14% of Oxford Asset Management’s portfolio.
Other Hedge Funds, Including , Tukman Grossman Capital Management Inc reduced its stake in SLB by selling 4,000 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 1,429,850 shares of SLB which is valued at $103,564,036. Schlumberger Limited. makes up approx 6.00% of Tukman Grossman Capital Management Inc’s portfolio.Argyle Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 31,787 shares of Schlumberger Limited. which is valued at $2,553,768. Schlumberger Limited. makes up approx 1.15% of Argyle Capital Management’s portfolio.Parsons Capital Management Incri boosted its stake in SLB in the latest quarter, The investment management firm added 3,830 additional shares and now holds a total of 71,602 shares of Schlumberger Limited. which is valued at $5,752,505. Schlumberger Limited. makes up approx 0.78% of Parsons Capital Management Incri’s portfolio.Cambridge Advisors reduced its stake in SLB by selling 596 shares or 2.98% in the most recent quarter. The Hedge Fund company now holds 19,388 shares of SLB which is valued at $1,557,632. Schlumberger Limited. makes up approx 0.72% of Cambridge Advisors’s portfolio.
Schlumberger Limited. closed down -1.66 points or -2.24% at $72.43 with 60,90,404 shares getting traded on Friday. Post opening the session at $73.56, the shares hit an intraday low of $72.42 and an intraday high of $74.3 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.