Heritage Investors Management Corp buys $21,402,638 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Heritage Investors Management Corp scooped up 2,617 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 268,540 shares of Schlumberger Limited. which is valued at $21,402,638.Schlumberger Limited. makes up approximately 1.56% of Heritage Investors Management Corp’s portfolio.

Other Hedge Funds, Including , Sonora Investment Management boosted its stake in SLB in the latest quarter, The investment management firm added 5,250 additional shares and now holds a total of 27,131 shares of Schlumberger Limited. which is valued at $2,162,341. Schlumberger Limited. makes up approx 1.19% of Sonora Investment Management’s portfolio.Lathrop Investment Management Corp boosted its stake in SLB in the latest quarter, The investment management firm added 2,144 additional shares and now holds a total of 139,310 shares of Schlumberger Limited. which is valued at $11,103,007. Schlumberger Limited. makes up approx 3.32% of Lathrop Investment Management Corp’s portfolio.Investment Partners Ltd Oh Adv reduced its stake in SLB by selling 2,633 shares or 35.71% in the most recent quarter. The Hedge Fund company now holds 4,740 shares of SLB which is valued at $373,891. Schlumberger Limited. makes up approx 0.37% of Investment Partners Ltd Oh Adv’s portfolio.Edge Wealth Management reduced its stake in SLB by selling 36,532 shares or 96.43% in the most recent quarter. The Hedge Fund company now holds 1,353 shares of SLB which is valued at $106,535. Schlumberger Limited. makes up approx 0.04% of Edge Wealth Management’s portfolio.

Schlumberger Limited. opened for trading at $78.81 and hit $79.71 on the upside on Monday, eventually ending the session at $79.7, with a gain of 0.44% or 0.35 points. The heightened volatility saw the trading volume jump to 43,33,637 shares. Company has a market cap of $99,811 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.. Schlumberger Limited. was Upgraded by Societe Generale to ” Buy” on Jul 19, 2016. 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.

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.

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