Schlumberger Limited. (SLB) : Schwartz Investment Counsel Inc scooped up 40,100 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 531,375 shares of Schlumberger Limited. which is valued at $38.5 Million.Schlumberger Limited. makes up approximately 2.87% of Schwartz Investment Counsel Inc’s portfolio.
Other Hedge Funds, Including , Ironbridge Capital Management Lp sold out all of its stake in SLB during the most recent quarter. The investment firm sold 5,980 shares of SLB which is valued $433,131.Evanson Asset Management reduced its stake in SLB by selling 382 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 11,460 shares of SLB which is valued at $830,048. Schlumberger Limited. makes up approx 0.28% of Evanson Asset Management’s portfolio.Hallmark Capital Management Inc boosted its stake in SLB in the latest quarter, The investment management firm added 1,525 additional shares and now holds a total of 15,318 shares of Schlumberger Limited. which is valued at $1.2 Million. Schlumberger Limited. makes up approx 0.19% of Hallmark Capital Management Inc’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in SLB by selling 30,013 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 1,736,214 shares of SLB which is valued at $130.4 Million. Schlumberger Limited. makes up approx 0.50% of State Board Of Administration Of Florida Retirement System’s portfolio.Sumitomo Life Insurance Co boosted its stake in SLB in the latest quarter, The investment management firm added 388 additional shares and now holds a total of 65,249 shares of Schlumberger Limited. which is valued at $5.2 Million. Schlumberger Limited. makes up approx 0.68% of Sumitomo Life Insurance Co’s portfolio.
Schlumberger Limited. opened for trading at $73.3 and hit $74.45 on the upside on Monday, eventually ending the session at $74, with a gain of 2.17% or 1.57 points. The heightened volatility saw the trading volume jump to 54,07,084 shares. Company has a market cap of $92,673 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.