Smithbridge Asset Management Incde buys $2,548,731 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Smithbridge Asset Management Incde scooped up 227 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 31,342 shares of Schlumberger Limited. which is valued at $2,548,731.Schlumberger Limited. makes up approximately 2.32% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in SLB in the latest quarter, The investment management firm added 8,880 additional shares and now holds a total of 335,503 shares of Schlumberger Limited. which is valued at $27,283,104. Schlumberger Limited. makes up approx 0.61% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Howland Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 2,283 additional shares and now holds a total of 181,414 shares of Schlumberger Limited. which is valued at $14,790,683. Schlumberger Limited. makes up approx 1.40% of Howland Capital Management’s portfolio.Private Trust Co Na boosted its stake in SLB in the latest quarter, The investment management firm added 3,954 additional shares and now holds a total of 35,802 shares of Schlumberger Limited. which is valued at $2,918,937. Schlumberger Limited. makes up approx 0.72% of Private Trust Co Na’s portfolio.Burns J W Co Incny reduced its stake in SLB by selling 34 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 28,364 shares of SLB which is valued at $2,273,375. Schlumberger Limited. makes up approx 0.70% of Burns J W Co Incny’s portfolio.

Schlumberger Limited. closed down -0.21 points or -0.26% at $81.32 with 46,81,503 shares getting traded on Friday. Post opening the session at $81.97, the shares hit an intraday low of $81.31 and an intraday high of $82.36 and the price fluctuated in this range throughout the day.Shares ended Friday 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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