La Financiere De L’echiquier buys $4,513,600 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : La Financiere De L’echiquier scooped up 1,200 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 56,000 shares of Schlumberger Limited. which is valued at $4,513,600.Schlumberger Limited. makes up approximately 3.62% of La Financiere De L’echiquier’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 39,815 additional shares and now holds a total of 443,868 shares of Schlumberger Limited. which is valued at $35,376,280. Schlumberger Limited. makes up approx 0.46% of Nisa Investment Advisors’s portfolio.Penn Davis Mcfarland Inc reduced its stake in SLB by selling 11,722 shares or 5.67% in the most recent quarter. The Hedge Fund company now holds 194,878 shares of SLB which is valued at $15,531,777. Schlumberger Limited. makes up approx 4.09% of Penn Davis Mcfarland Inc’s portfolio.Factory Mutual Insurance Co reduced its stake in SLB by selling 429,900 shares or 24.75% in the most recent quarter. The Hedge Fund company now holds 1,307,003 shares of SLB which is valued at $103,096,397. Schlumberger Limited. makes up approx 1.32% of Factory Mutual Insurance Co’s portfolio.British Columbia Investment Management Corp boosted its stake in SLB in the latest quarter, The investment management firm added 5,680 additional shares and now holds a total of 812,789 shares of Schlumberger Limited. which is valued at $63,999,006. Schlumberger Limited. makes up approx 0.55% of British Columbia Investment Management Corp’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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