Amica Retiree Medical Trust buys $659,174 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Amica Retiree Medical Trust scooped up 942 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 8,279 shares of Schlumberger Limited. which is valued at $659,174.Schlumberger Limited. makes up approximately 0.54% of Amica Retiree Medical Trust’s portfolio.

Other Hedge Funds, Including , Provise Management Group boosted its stake in SLB in the latest quarter, The investment management firm added 501 additional shares and now holds a total of 6,884 shares of Schlumberger Limited. which is valued at $548,104. Schlumberger Limited. makes up approx 0.10% of Provise Management Group’s portfolio.Btc Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 3,142 additional shares and now holds a total of 31,923 shares of Schlumberger Limited. which is valued at $2,541,709. Schlumberger Limited. makes up approx 0.54% of Btc Capital Management’s portfolio.Deprince Race Zollo Inc reduced its stake in SLB by selling 32,480 shares or 3.89% in the most recent quarter. The Hedge Fund company now holds 802,234 shares of SLB which is valued at $64,082,452. Schlumberger Limited. makes up approx 1.25% of Deprince Race Zollo Inc’s portfolio.Salem Capital Management Inc boosted its stake in SLB in the latest quarter, The investment management firm added 512 additional shares and now holds a total of 47,299 shares of Schlumberger Limited. which is valued at $3,730,945. Schlumberger Limited. makes up approx 2.09% of Salem Capital Management Inc’s portfolio.

Schlumberger Limited. opened for trading at $81.64 and hit $82.9883 on the upside on Monday, eventually ending the session at $82.5, with a gain of 1.60% or 1.3 points. The heightened volatility saw the trading volume jump to 62,13,903 shares. Company has a market cap of $114,732 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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