Shelton Capital Management buys $3,957,512 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Shelton Capital Management scooped up 1,800 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 49,705 shares of Schlumberger Limited. which is valued at $3,957,512.Schlumberger Limited. makes up approximately 0.34% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Tradition Capital Management reduced its stake in SLB by selling 719 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 19,531 shares of SLB which is valued at $1,555,058. Schlumberger Limited. makes up approx 0.51% of Tradition Capital Management’s portfolio. Fny Managed Accounts sold out all of its stake in SLB during the most recent quarter. The investment firm sold 13,341 shares of SLB which is valued $1,065,679.Donald L. Hagan boosted its stake in SLB in the latest quarter, The investment management firm added 167 additional shares and now holds a total of 7,602 shares of Schlumberger Limited. which is valued at $620,399. Schlumberger Limited. makes up approx 0.58% of Donald L. Hagan’s portfolio.

Schlumberger Limited. opened for trading at $79.6 and hit $80.41 on the upside on Thursday, eventually ending the session at $80.39, with a gain of 0.97% or 0.77 points. The heightened volatility saw the trading volume jump to 81,83,088 shares. Company has a market cap of $111,798 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *