Schlumberger Limited. (SLB) : J.p. Marvel Investment Advisors scooped up 8,186 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 26, 2016. The investment management firm now holds a total of 89,506 shares of Schlumberger Limited. which is valued at $6.9 Million.Schlumberger Limited. makes up approximately 2.38% of J.p. Marvel Investment Advisors’s portfolio.
Other Hedge Funds, Including , Wellington Shields sold out all of its stake in SLB during the most recent quarter. The investment firm sold 4,500 shares of SLB which is valued $347,265. Mraz Amerine Associates added SLB to its portfolio by purchasing 1,764 company shares during the most recent quarter which is valued at $132,229. Schlumberger Limited. makes up approx 0.05% of Mraz Amerine Associates’s portfolio.Taconic Capital Advisors Lp boosted its stake in SLB in the latest quarter, The investment management firm added 214,800 additional shares and now holds a total of 583,540 shares of Schlumberger Limited. which is valued at $42.3 Million. Schlumberger Limited. makes up approx 3.14% of Taconic Capital Advisors Lp’s portfolio.Baker Avenue Asset Management Lp reduced its stake in SLB by selling 4,671 shares or 10.94% in the most recent quarter. The Hedge Fund company now holds 38,008 shares of SLB which is valued at $2.8 Million. Schlumberger Limited. makes up approx 0.42% of Baker Avenue Asset Management Lp’s portfolio.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.
Schlumberger Limited. closed down -0.44 points or -0.58% at $75.86 with 55,42,161 shares getting traded on Wednesday. Post opening the session at $75.41, the shares hit an intraday low of $74.913 and an intraday high of $76.34 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.