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

Schlumberger Limited. (SLB) : Cribstone Capital Management reduced its stake in Schlumberger Limited. by 15.9% during the most recent quarter end. The investment management company now holds a total of 13,807 shares of Schlumberger Limited. which is valued at $1,112,844 after selling 2,611 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Schlumberger Limited. makes up approximately 0.69% of Cribstone Capital Management’s portfolio.

Other Hedge Funds, Including , Trust Co Of Vermont boosted its stake in SLB in the latest quarter, The investment management firm added 2,297 additional shares and now holds a total of 48,544 shares of Schlumberger Limited. which is valued at $3,912,646. Schlumberger Limited. makes up approx 0.51% of Trust Co Of Vermont’s portfolio.Sumitomo Life Insurance Co reduced its stake in SLB by selling 7,216 shares or 11.06% in the most recent quarter. The Hedge Fund company now holds 58,033 shares of SLB which is valued at $4,625,230. Schlumberger Limited. makes up approx 0.61% of Sumitomo Life Insurance Co’s portfolio. Svenska Handelsbanken Ab (publ) added SLB to its portfolio by purchasing 52,000 company shares during the most recent quarter which is valued at $4,101,760. Schlumberger Limited. makes up approx 0.25% of Svenska Handelsbanken Ab (publ)’s portfolio.Raymond James Trust N.a. reduced its stake in SLB by selling 3,513 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 57,242 shares of SLB which is valued at $4,507,235. Schlumberger Limited. makes up approx 0.38% of Raymond James Trust N.a.’s portfolio.Integrated Investment Consultants boosted its stake in SLB in the latest quarter, The investment management firm added 1,294 additional shares and now holds a total of 3,544 shares of Schlumberger Limited. which is valued at $275,121. Schlumberger Limited. makes up approx 0.14% of Integrated Investment Consultants’s portfolio.

Schlumberger Limited. opened for trading at $79.43 and hit $80.83 on the upside on Wednesday, eventually ending the session at $80.6, with a gain of 0.99% or 0.79 points. The heightened volatility saw the trading volume jump to 59,37,862 shares. Company has a market cap of $100,938 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.. Schlumberger Limited. was Upgraded by Societe Generale to ” Buy” on Jul 19, 2016. Scotia Howard Weil Downgraded Schlumberger Limited. on May 12, 2016 to ” Sector Outperform”, Price Target of the shares are set at $80.Schlumberger Limited. was Downgraded by Societe Generale to ” Hold” on Apr 28, 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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