Jacobs Coca buys $7,829,007 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Jacobs Coca scooped up 3,013 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 95,093 shares of Schlumberger Limited. which is valued at $7,829,007.Schlumberger Limited. makes up approximately 1.75% of Jacobs Coca’s portfolio.

Other Hedge Funds, Including , Contravisory Investment Management boosted its stake in SLB in the latest quarter, The investment management firm added 56 additional shares and now holds a total of 80 shares of Schlumberger Limited. which is valued at $6,586.Stokes Hubbell Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 10,514 shares of Schlumberger Limited. which is valued at $854,893. Schlumberger Limited. makes up approx 0.36% of Stokes Hubbell Capital Management’s portfolio.Lenox Wealth Advisors reduced its stake in SLB by selling 54 shares or 36.99% in the most recent quarter. The Hedge Fund company now holds 92 shares of SLB which is valued at $7,374.Chevy Chase Trust Holdings reduced its stake in SLB by selling 67,775 shares or 4.54% in the most recent quarter. The Hedge Fund company now holds 1,426,378 shares of SLB which is valued at $114,324,197. Schlumberger Limited. makes up approx 0.63% of Chevy Chase Trust Holdings’s portfolio.Eqis Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 1,455 additional shares and now holds a total of 18,541 shares of Schlumberger Limited. which is valued at $1,486,061. Schlumberger Limited. makes up approx 0.09% of Eqis Capital Management’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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