Van Strum Towne buys $5,356,924 stake in Schlumberger Limited. (SLB)

Schlumberger Limited. (SLB) : Van Strum Towne scooped up 270 additional shares in Schlumberger Limited. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 68,059 shares of Schlumberger Limited. which is valued at $5,356,924.Schlumberger Limited. makes up approximately 3.49% of Van Strum Towne’s portfolio.

Other Hedge Funds, Including , Wrapmanager Inc boosted its stake in SLB in the latest quarter, The investment management firm added 2,193 additional shares and now holds a total of 12,025 shares of Schlumberger Limited. which is valued at $946,488. Schlumberger Limited. makes up approx 0.38% of Wrapmanager Inc’s portfolio.Dixon Hubard Feinour Brown Incva reduced its stake in SLB by selling 44,161 shares or 86.01% in the most recent quarter. The Hedge Fund company now holds 7,186 shares of SLB which is valued at $574,449. Schlumberger Limited. makes up approx 0.18% of Dixon Hubard Feinour Brown Incva’s portfolio.Seabridge Investment Advisors reduced its stake in SLB by selling 1,480 shares or 34.1% in the most recent quarter. The Hedge Fund company now holds 2,860 shares of SLB which is valued at $226,512. Schlumberger Limited. makes up approx 0.05% of Seabridge Investment Advisors’s portfolio. Solaris Asset Management added SLB to its portfolio by purchasing 775 company shares during the most recent quarter which is valued at $62,240. Schlumberger Limited. makes up approx 0.04% of Solaris Asset Management’s portfolio.Van Cleef Asset Managementinc boosted its stake in SLB in the latest quarter, The investment management firm added 1,857 additional shares and now holds a total of 80,127 shares of Schlumberger Limited. which is valued at $6,488,684. Schlumberger Limited. makes up approx 2.17% of Van Cleef Asset Managementinc’s portfolio.

Schlumberger Limited. closed down -0.1 points or -0.12% at $80 with 39,51,072 shares getting traded on Monday. Post opening the session at $80.1, the shares hit an intraday low of $79.72 and an intraday high of $80.52 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Schlumberger Limited. reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $0.22. The company had revenue of $7019.00 million for the quarter, compared to analysts expectations of $7091.13 million. The company’s revenue was down -17.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.78 EPS.

Many Wall Street Analysts have commented on Schlumberger Limited.. Schlumberger Limited. was Upgraded by Jefferies to ” Buy” on Nov 15, 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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