New Harbor Financial Group buys $120,900 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : New Harbor Financial Group scooped up 100 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 1,500 shares of Schlumberger Limited. which is valued at $120,900.Schlumberger Limited. makes up approximately 0.17% of New Harbor Financial Group’s portfolio.

Other Hedge Funds, Including , Mechanics Bank Trust Department reduced its stake in SLB by selling 757 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 19,451 shares of SLB which is valued at $1,567,751. Schlumberger Limited. makes up approx 0.56% of Mechanics Bank Trust Department’s portfolio.Boys Arnold Co Inc boosted its stake in SLB in the latest quarter, The investment management firm added 29,396 additional shares and now holds a total of 51,891 shares of Schlumberger Limited. which is valued at $4,135,713. Schlumberger Limited. makes up approx 0.69% of Boys Arnold Co Inc’s portfolio. Contravisory Investment Management added SLB to its portfolio by purchasing 24 company shares during the most recent quarter which is valued at $1,893.Atria Investments boosted its stake in SLB in the latest quarter, The investment management firm added 3,172 additional shares and now holds a total of 18,479 shares of Schlumberger Limited. which is valued at $1,457,624. Schlumberger Limited. makes up approx 0.15% of Atria Investments’s portfolio.Boltwood Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 5,660 shares of Schlumberger Limited. which is valued at $439,386. Schlumberger Limited. makes up approx 0.37% of Boltwood Capital Management’s portfolio.

Schlumberger Limited. opened for trading at $79.43 and hit $80.83 on the upside on Wednesday, eventually ending the session at $80.6, with a gain of 0.99% or 0.79 points. The heightened volatility saw the trading volume jump to 59,37,862 shares. Company has a market cap of $100,938 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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