Mcqueen Ball Associates buys $1,589,855 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Mcqueen Ball Associates scooped up 50 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. The investment management firm now holds a total of 19,836 shares of Schlumberger Limited. which is valued at $1,589,855.Schlumberger Limited. makes up approximately 1.09% of Mcqueen Ball Associates’s portfolio.

Other Hedge Funds, Including , North Star Asset Management Inc reduced its stake in SLB by selling 1,958 shares or 5.64% in the most recent quarter. The Hedge Fund company now holds 32,764 shares of SLB which is valued at $2,626,035. Schlumberger Limited. makes up approx 0.30% of North Star Asset Management Inc’s portfolio.Washington Trust Bank boosted its stake in SLB in the latest quarter, The investment management firm added 570 additional shares and now holds a total of 9,619 shares of Schlumberger Limited. which is valued at $770,963. Schlumberger Limited. makes up approx 0.19% of Washington Trust Bank’s portfolio.West Oak Capital boosted its stake in SLB in the latest quarter, The investment management firm added 1,434 additional shares and now holds a total of 18,509 shares of Schlumberger Limited. which is valued at $1,483,496. Schlumberger Limited. makes up approx 1.03% of West Oak Capital’s portfolio.Beacon Financial Group boosted its stake in SLB in the latest quarter, The investment management firm added 188 additional shares and now holds a total of 16,465 shares of Schlumberger Limited. which is valued at $1,319,670. Schlumberger Limited. makes up approx 0.28% of Beacon Financial Group’s portfolio.Harbour Capital Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 1,327 additional shares and now holds a total of 13,815 shares of Schlumberger Limited. which is valued at $1,107,272. Schlumberger Limited. makes up approx 0.60% of Harbour Capital Advisors’s portfolio.

Schlumberger Limited. closed down -0.36 points or -0.46% at $78.54 with 52,11,096 shares getting traded on Tuesday. Post opening the session at $78.98, the shares hit an intraday low of $78.3401 and an intraday high of $79.1 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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