Schlumberger Limited. (SLB) : Cornerstone Capital reduced its stake in Schlumberger Limited. by 0.9% during the most recent quarter end. The investment management company now holds a total of 162,527 shares of Schlumberger Limited. which is valued at $13,197,192 after selling 1,470 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Schlumberger Limited. makes up approximately 2.81% of Cornerstone Capital’s portfolio.
Other Hedge Funds, Including , Golub Group reduced its stake in SLB by selling 71,464 shares or 94.23% in the most recent quarter. The Hedge Fund company now holds 4,378 shares of SLB which is valued at $355,494. Schlumberger Limited. makes up approx 0.03% of Golub Group’s portfolio.Brown Advisory Securities boosted its stake in SLB in the latest quarter, The investment management firm added 4,192 additional shares and now holds a total of 42,332 shares of Schlumberger Limited. which is valued at $3,437,358. Schlumberger Limited. makes up approx 1.04% of Brown Advisory Securities’s portfolio.Wedge Capital Management L L Pnc reduced its stake in SLB by selling 82,783 shares or 66.82% in the most recent quarter. The Hedge Fund company now holds 41,100 shares of SLB which is valued at $3,309,372. Schlumberger Limited. makes up approx 0.04% of Wedge Capital Management L L Pnc’s portfolio. Fny Managed Accounts sold out all of its stake in SLB during the most recent quarter. The investment firm sold 13,341 shares of SLB which is valued $1,065,679.Independent Portfolio Consultants reduced its stake in SLB by selling 70 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 15,019 shares of SLB which is valued at $1,197,014. Schlumberger Limited. makes up approx 0.36% of Independent Portfolio Consultants’s portfolio.
Schlumberger Limited. closed down -0.55 points or -0.66% at $83.31 with 51,85,639 shares getting traded on Friday. Post opening the session at $83.51, the shares hit an intraday low of $82.72 and an intraday high of $83.67 and the price fluctuated in this range throughout the day.Shares ended Friday 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.. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $85 .Company shares were Reiterated by Scotia Howard Weil on Jul 25, 2016 to “Sector Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $80 .Schlumberger Limited. was Upgraded by Societe Generale to ” Buy” on Jul 19, 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.