Edmond De Rothschild (europe) buys $3,292,173 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Edmond De Rothschild (europe) scooped up 11,396 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 40,544 shares of Schlumberger Limited. which is valued at $3,292,173.Schlumberger Limited. makes up approximately 1.59% of Edmond De Rothschild (europe)’s portfolio.

Other Hedge Funds, Including , Highpoint Advisor Group boosted its stake in SLB in the latest quarter, The investment management firm added 2,711 additional shares and now holds a total of 7,180 shares of Schlumberger Limited. which is valued at $583,016. Schlumberger Limited. makes up approx 0.21% of Highpoint Advisor Group’s portfolio.Shelton Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 49,705 shares of Schlumberger Limited. which is valued at $3,957,512. Schlumberger Limited. makes up approx 0.34% of Shelton Capital Management’s portfolio.La Financiere De L’echiquier boosted its stake in SLB in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 56,000 shares of Schlumberger Limited. which is valued at $4,513,600. Schlumberger Limited. makes up approx 3.62% of La Financiere De L’echiquier’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.

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