Highland Private Wealth Management adds Schlumberger Limited. (SLB) to its portfolio

Schlumberger Limited. (SLB) : Highland Private Wealth Management added new position in Schlumberger Limited. during the most recent quarter end. The investment management firm now holds 3,018 shares of Schlumberger Limited. which is valued at $245,062 , the company said in a statement filed on Aug 12, 2016 with the SEC.Schlumberger Limited. makes up approximately 0.13% of Highland Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Great Lakes Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 42,922 additional shares and now holds a total of 727,547 shares of Schlumberger Limited. which is valued at $59,076,816. Schlumberger Limited. makes up approx 1.54% of Great Lakes Advisors’s portfolio.Nelson Van Denburg Campbell Wealth Management Group boosted its stake in SLB in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 12,674 shares of Schlumberger Limited. which is valued at $1,029,129. Schlumberger Limited. makes up approx 0.42% of Nelson Van Denburg Campbell Wealth Management Group’s portfolio.State Board Of Administration Of Florida Retirement System boosted its stake in SLB in the latest quarter, The investment management firm added 313,776 additional shares and now holds a total of 2,049,990 shares of Schlumberger Limited. which is valued at $166,459,188. Schlumberger Limited. makes up approx 0.51% of State Board Of Administration Of Florida Retirement System’s portfolio.Condor Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 6,816 additional shares and now holds a total of 60,480 shares of Schlumberger Limited. which is valued at $4,910,976. Schlumberger Limited. makes up approx 1.13% of Condor Capital Management’s portfolio.Blb&b Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 1,084 additional shares and now holds a total of 50,608 shares of Schlumberger Limited. which is valued at $4,079,005. Schlumberger Limited. makes up approx 0.75% of Blb&b Advisors’s portfolio.

Schlumberger Limited. opened for trading at $80.61 and hit $81.5 on the upside on Monday, eventually ending the session at $81.14, with a gain of 0.30% or 0.24 points. The heightened volatility saw the trading volume jump to 33,59,038 shares. Company has a market cap of $112,841 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.. 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.

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