Twin Capital Management Inc Lowers stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Twin Capital Management Inc reduced its stake in Schlumberger Limited. by 4.3% during the most recent quarter end. The investment management company now holds a total of 114,080 shares of Schlumberger Limited. which is valued at $9,297,520 after selling 5,120 shares in Schlumberger Limited. , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Schlumberger Limited. makes up approximately 0.67% of Twin Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Telos Capital Management boosted its stake in SLB in the latest quarter, The investment management firm added 1,121 additional shares and now holds a total of 22,449 shares of Schlumberger Limited. which is valued at $1,829,594. Schlumberger Limited. makes up approx 0.86% of Telos Capital Management’s portfolio.Clear Harbor Asset Management reduced its stake in SLB by selling 545 shares or 5.52% in the most recent quarter. The Hedge Fund company now holds 9,336 shares of SLB which is valued at $758,083. Schlumberger Limited. makes up approx 0.16% of Clear Harbor Asset Management’s portfolio.Cambridge Trust Co reduced its stake in SLB by selling 481 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 231,249 shares of SLB which is valued at $18,777,419. Schlumberger Limited. makes up approx 1.39% of Cambridge Trust Co’s portfolio.Reilly Financial Advisors boosted its stake in SLB in the latest quarter, The investment management firm added 7,740 additional shares and now holds a total of 138,812 shares of Schlumberger Limited. which is valued at $11,052,211. Schlumberger Limited. makes up approx 1.97% of Reilly Financial Advisors’s portfolio.Independent Portfolio Consultants reduced its stake in SLB by selling 70 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 15,019 shares of SLB which is valued at $1,197,014. Schlumberger Limited. makes up approx 0.36% of Independent Portfolio Consultants’s portfolio.

Schlumberger Limited. opened for trading at $81.75 and hit $82.13 on the upside on Monday, eventually ending the session at $82.04, with a gain of 1.03% or 0.84 points. The heightened volatility saw the trading volume jump to 40,15,962 shares. Company has a market cap of $114,092 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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