Biondo Investment Advisors buys $7,862,307 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Biondo Investment Advisors scooped up 41,420 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 96,340 shares of Schlumberger Limited. which is valued at $7,862,307.Schlumberger Limited. makes up approximately 2.69% of Biondo Investment Advisors’s portfolio.

Other Hedge Funds, Including , Paragon Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 3,217 additional shares and now holds a total of 72,898 shares of Schlumberger Limited. which is valued at $5,949,206. Schlumberger Limited. makes up approx 2.04% of Paragon Capital Management’s portfolio.Private Trust Co Na boosted its stake in SLB in the latest quarter, The investment management firm added 1,452 additional shares and now holds a total of 31,848 shares of Schlumberger Limited. which is valued at $2,566,949. Schlumberger Limited. makes up approx 0.65% of Private Trust Co Na’s portfolio.Atria Investments boosted its stake in SLB in the latest quarter, The investment management firm added 3,172 additional shares and now holds a total of 18,479 shares of Schlumberger Limited. which is valued at $1,457,624. Schlumberger Limited. makes up approx 0.15% of Atria Investments’s portfolio.Newman Dignan Sheerar boosted its stake in SLB in the latest quarter, The investment management firm added 72 additional shares and now holds a total of 13,677 shares of Schlumberger Limited. which is valued at $1,076,927. Schlumberger Limited. makes up approx 0.69% of Newman Dignan Sheerar’s portfolio.

Schlumberger Limited. closed down -0.83 points or -1.04% at $79.05 with 55,67,041 shares getting traded on Thursday. Post opening the session at $79.77, the shares hit an intraday low of $78.6 and an intraday high of $80.51 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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