Schlumberger Limited. (SLB) : Valicenti Advisory Services Inc reduced its stake in Schlumberger Limited. by 2.13% during the most recent quarter end. The investment management company now holds a total of 64,644 shares of Schlumberger Limited. which is valued at $5,193,499 after selling 1,410 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.Schlumberger Limited. makes up approximately 3.43% of Valicenti Advisory Services Inc’s portfolio.
Schlumberger Limited. closed down -0.94 points or -1.17% at $79.4 with 73,88,064 shares getting traded on Monday. Post opening the session at $79.95, the shares hit an intraday low of $78.29 and an intraday high of $80.715 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , Hl Financial Services reduced its stake in SLB by selling 1,787 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 62,674 shares of SLB which is valued at $5,035,229. Schlumberger Limited. makes up approx 0.12% of Hl Financial Services’s portfolio.Dumont Blake Investment Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 325 additional shares and now holds a total of 21,621 shares of Schlumberger Limited. which is valued at $1,728,167. Schlumberger Limited. makes up approx 0.89% of Dumont Blake Investment Advisors’s portfolio. Aull Monroe Investment Management Corp added SLB to its portfolio by purchasing 2,822 company shares during the most recent quarter which is valued at $225,562. Schlumberger Limited. makes up approx 0.13% of Aull Monroe Investment Management Corp’s portfolio.Next Financial Group Inc reduced its stake in SLB by selling 1,461 shares or 30.46% in the most recent quarter. The Hedge Fund company now holds 3,335 shares of SLB which is valued at $266,567. Schlumberger Limited. makes up approx 0.09% of Next Financial Group Inc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in SLB in the latest quarter, The investment management firm added 3,935 additional shares and now holds a total of 260,674 shares of Schlumberger Limited. which is valued at $19,878,999. Schlumberger Limited. makes up approx 0.45% of Oregon Public Employees Retirement Fund’s portfolio.
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.. 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 .Company shares were Reiterated by Cowen on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $75 .
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.