Employees Retirement System Of Texas Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Employees Retirement System Of Texas reduced its stake in Schlumberger Limited. by 23.14% during the most recent quarter end. The investment management company now holds a total of 528,192 shares of Schlumberger Limited. which is valued at $42,889,190 after selling 159,000 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Schlumberger Limited. makes up approximately 0.57% of Employees Retirement System Of Texas’s portfolio.

Other Hedge Funds, Including , Ancora Advisors reduced its stake in SLB by selling 14,332 shares or 60.03% in the most recent quarter. The Hedge Fund company now holds 9,544 shares of SLB which is valued at $774,973. Schlumberger Limited. makes up approx 0.09% of Ancora Advisors’s portfolio.Bahl Gaynor Inc boosted its stake in SLB in the latest quarter, The investment management firm added 2,983 additional shares and now holds a total of 251,255 shares of Schlumberger Limited. which is valued at $20,401,906. Schlumberger Limited. makes up approx 0.26% of Bahl Gaynor Inc’s portfolio.Matterhorn Capital Management reduced its stake in SLB by selling 5,477 shares or 22.58% in the most recent quarter. The Hedge Fund company now holds 18,783 shares of SLB which is valued at $1,495,502. Schlumberger Limited. makes up approx 0.93% of Matterhorn Capital Management’s portfolio.Crossvault Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 13,260 additional shares and now holds a total of 51,900 shares of Schlumberger Limited. which is valued at $4,145,772. Schlumberger Limited. makes up approx 2.88% of Crossvault Capital Management’s portfolio.Warren Averett Asset Management reduced its stake in SLB by selling 505 shares or 10.14% in the most recent quarter. The Hedge Fund company now holds 4,475 shares of SLB which is valued at $352,988. Schlumberger Limited. makes up approx 0.16% of Warren Averett Asset Management’s portfolio.

Schlumberger Limited. closed down -0.3 points or -0.37% at $81.75 with 44,73,691 shares getting traded on Tuesday. Post opening the session at $82.17, the shares hit an intraday low of $81.54 and an intraday high of $82.4 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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