Seaward Management Limited Partnership buys $34,440,262 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Seaward Management Limited Partnership scooped up 6,344 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 431,150 shares of Schlumberger Limited. which is valued at $34,440,262.Schlumberger Limited. makes up approximately 1.83% of Seaward Management Limited Partnership’s portfolio.

Other Hedge Funds, Including , Diversified Trust Co reduced its stake in SLB by selling 310 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 10,415 shares of SLB which is valued at $831,950. Schlumberger Limited. makes up approx 0.11% of Diversified Trust Co’s portfolio.Private Wealth Advisors reduced its stake in SLB by selling 2,524 shares or 10.13% in the most recent quarter. The Hedge Fund company now holds 22,399 shares of SLB which is valued at $1,827,982. Schlumberger Limited. makes up approx 0.87% of Private Wealth Advisors’s portfolio.Pioneer Trust Bank N Aor reduced its stake in SLB by selling 70 shares or 0.14% in the most recent quarter. The Hedge Fund company now holds 49,844 shares of SLB which is valued at $3,972,567. Schlumberger Limited. makes up approx 2.34% of Pioneer Trust Bank N Aor’s portfolio.Trust Co Of Oklahoma reduced its stake in SLB by selling 3,399 shares or 18.29% in the most recent quarter. The Hedge Fund company now holds 15,182 shares of SLB which is valued at $1,210,005. Schlumberger Limited. makes up approx 0.65% of Trust Co Of Oklahoma’s portfolio.Rosenbaum Jay D. boosted its stake in SLB in the latest quarter, The investment management firm added 1,409 additional shares and now holds a total of 15,699 shares of Schlumberger Limited. which is valued at $1,236,139. Schlumberger Limited. makes up approx 0.17% of Rosenbaum Jay D.’s portfolio.

Schlumberger Limited. opened for trading at $78.23 and hit $80.62 on the upside on Friday, eventually ending the session at $80.52, with a gain of 1.86% or 1.47 points. The heightened volatility saw the trading volume jump to 62,00,576 shares. Company has a market cap of $111,979 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.. 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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