Gulf International Bank (uk) Ltd buys $34,595,706 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Gulf International Bank (uk) Ltd scooped up 300 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 424,331 shares of Schlumberger Limited. which is valued at $34,595,706.Schlumberger Limited. makes up approximately 0.57% of Gulf International Bank (uk) Ltd’s portfolio.

Other Hedge Funds, Including , Cohen Capital Management reduced its stake in SLB by selling 550 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 71,250 shares of SLB which is valued at $5,809,013. Schlumberger Limited. makes up approx 1.74% of Cohen Capital Management’s portfolio.Patten Patten Inctn boosted its stake in SLB in the latest quarter, The investment management firm added 484 additional shares and now holds a total of 16,221 shares of Schlumberger Limited. which is valued at $1,325,093. Schlumberger Limited. makes up approx 0.17% of Patten Patten Inctn’s portfolio.Thompson Rubinstein Investment Management Inc Or reduced its stake in SLB by selling 437 shares or 0.56% in the most recent quarter. The Hedge Fund company now holds 77,627 shares of SLB which is valued at $6,391,031. Schlumberger Limited. makes up approx 2.44% of Thompson Rubinstein Investment Management Inc Or’s portfolio.Addison Capital Co reduced its stake in SLB by selling 138 shares or 1.02% in the most recent quarter. The Hedge Fund company now holds 13,371 shares of SLB which is valued at $1,100,834. Schlumberger Limited. makes up approx 0.97% of Addison Capital Co’s portfolio.Curbstone Financial Management Corp boosted its stake in SLB in the latest quarter, The investment management firm added 7,238 additional shares and now holds a total of 30,924 shares of Schlumberger Limited. which is valued at $2,478,559. Schlumberger Limited. makes up approx 0.80% of Curbstone Financial Management Corp’s portfolio.

Schlumberger Limited. closed down -0.64 points or -0.78% at $81.69 with 50,62,960 shares getting traded on Tuesday. Post opening the session at $82.08, the shares hit an intraday low of $81.155 and an intraday high of $82.23 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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