Schlumberger Limited. (SLB) : Page Arthur B reduced its stake in Schlumberger Limited. by 0.46% during the most recent quarter end. The investment management company now holds a total of 36,008 shares of Schlumberger Limited. which is valued at $2.8 Million after selling 165 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on May 27, 2016.Schlumberger Limited. makes up approximately 2.83% of Page Arthur B’s portfolio.
Other Hedge Funds, Including , Kalmar Investments Inc De sold out all of its stake in SLB during the most recent quarter. The investment firm sold 118,366 shares of SLB which is valued $9.1 Million.Element Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 26,996 additional shares and now holds a total of 57,043 shares of Schlumberger Limited. which is valued at $4.3 Million. Schlumberger Limited. makes up approx 0.65% of Element Capital Management’s portfolio. Sir Capital Management added SLB to its portfolio by purchasing 123,000 company shares during the most recent quarter which is valued at $9.2 Million. Schlumberger Limited. makes up approx 1.29% of Sir Capital Management’s portfolio.Next Century Growth Investors boosted its stake in SLB in the latest quarter, The investment management firm added 268 additional shares and now holds a total of 51,338 shares of Schlumberger Limited. which is valued at $3.7 Million. Schlumberger Limited. makes up approx 0.18% of Next Century Growth Investors’s portfolio.
Schlumberger Limited. opened for trading at $79.45 and hit $80.37 on the upside on Tuesday, eventually ending the session at $80.1, with a gain of 1.28% or 1.01 points. The heightened volatility saw the trading volume jump to 85,46,417 shares. Company has a market cap of $100,312 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.