Twin Focus Capital Partners adds Schlumberger Limited. (SLB) to its portfolio

Schlumberger Limited. (SLB) : Twin Focus Capital Partners added new position in Schlumberger Limited. during the most recent quarter end. The investment management firm now holds 2,607 shares of Schlumberger Limited. which is valued at $211,688 , the company said in a statement filed on Aug 11, 2016 with the SEC.Schlumberger Limited. makes up approximately 0.16% of Twin Focus Capital Partners’s portfolio.

Other Hedge Funds, Including , Hightower Advisors reduced its stake in SLB by selling 31,093 shares or 13.86% in the most recent quarter. The Hedge Fund company now holds 193,183 shares of SLB which is valued at $15,686,460. Schlumberger Limited. makes up approx 0.19% of Hightower Advisors’s portfolio.Assetmark Inc boosted its stake in SLB in the latest quarter, The investment management firm added 7,214 additional shares and now holds a total of 10,059 shares of Schlumberger Limited. which is valued at $819,809. Schlumberger Limited. makes up approx 0.01% of Assetmark Inc’s portfolio.Lee Danner Bass Inc boosted its stake in SLB in the latest quarter, The investment management firm added 3,210 additional shares and now holds a total of 124,797 shares of Schlumberger Limited. which is valued at $9,936,337. Schlumberger Limited. makes up approx 1.20% of Lee Danner Bass Inc’s portfolio.Capital Analysts boosted its stake in SLB in the latest quarter, The investment management firm added 35,524 additional shares and now holds a total of 37,149 shares of Schlumberger Limited. which is valued at $2,960,775. Schlumberger Limited. makes up approx 0.58% of Capital Analysts’s portfolio.Windsor Financial Group reduced its stake in SLB by selling 250 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 53,981 shares of SLB which is valued at $4,302,286. Schlumberger Limited. makes up approx 1.92% of Windsor Financial Group’s portfolio.

Schlumberger Limited. closed down -0.3 points or -0.37% at $81.75 with 44,73,691 shares getting traded on Tuesday. Post opening the session at $82.17, the shares hit an intraday low of $81.54 and an intraday high of $82.4 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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