Cohen Capital Management Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Cohen Capital Management reduced its stake in Schlumberger Limited. by 0.77% during the most recent quarter end. The investment management company now holds a total of 71,250 shares of Schlumberger Limited. which is valued at $5,809,013 after selling 550 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Schlumberger Limited. makes up approximately 1.74% of Cohen Capital Management’s portfolio.

Other Hedge Funds, Including , Community Bank N.a. boosted its stake in SLB in the latest quarter, The investment management firm added 1,018 additional shares and now holds a total of 16,249 shares of Schlumberger Limited. which is valued at $1,324,781. Schlumberger Limited. makes up approx 0.31% of Community Bank N.a.’s portfolio.Chicago Trust Co Na boosted its stake in SLB in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 29,045 shares of Schlumberger Limited. which is valued at $2,372,686. Schlumberger Limited. makes up approx 1.09% of Chicago Trust Co Na’s portfolio.Genesee Valley Trust Co boosted its stake in SLB in the latest quarter, The investment management firm added 1,941 additional shares and now holds a total of 23,714 shares of Schlumberger Limited. which is valued at $1,937,197. Schlumberger Limited. makes up approx 1.25% of Genesee Valley Trust Co’s portfolio.Capstone Asset Management Co boosted its stake in SLB in the latest quarter, The investment management firm added 5,348 additional shares and now holds a total of 132,492 shares of Schlumberger Limited. which is valued at $10,823,271. Schlumberger Limited. makes up approx 0.32% of Capstone Asset Management Co’s portfolio.Boltwood Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 5,905 shares of Schlumberger Limited. which is valued at $473,286. Schlumberger Limited. makes up approx 0.38% of Boltwood Capital Management’s portfolio.

Schlumberger Limited. closed down -0.64 points or -0.78% at $81.69 with 50,62,960 shares getting traded on Tuesday. Post opening the session at $82.08, the shares hit an intraday low of $81.155 and an intraday high of $82.23 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

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