Wedgewood Investors Inc Pa adds Schlumberger Limited. (SLB) to its portfolio

Schlumberger Limited. (SLB) : Wedgewood Investors Inc Pa added new position in Schlumberger Limited. during the most recent quarter end. The investment management firm now holds 2,610 shares of Schlumberger Limited. which is valued at $212,715 , the company said in a statement filed on Aug 8, 2016 with the SEC.Schlumberger Limited. makes up approximately 0.20% of Wedgewood Investors Inc Pa’s portfolio.

Other Hedge Funds, Including , William Blair Investment Management reduced its stake in SLB by selling 190,092 shares or 11.63% in the most recent quarter. The Hedge Fund company now holds 1,444,675 shares of SLB which is valued at $117,741,013. Schlumberger Limited. makes up approx 0.44% of William Blair Investment Management’s portfolio. Ota Financial Group sold out all of its stake in SLB during the most recent quarter. The investment firm sold 30,385 shares of SLB which is valued $2,467,262.Foster Motley Inc reduced its stake in SLB by selling 245 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 3,105 shares of SLB which is valued at $247,220. Schlumberger Limited. makes up approx 0.05% of Foster Motley Inc’s portfolio.Welch Group reduced its stake in SLB by selling 1,352 shares or 16.63% in the most recent quarter. The Hedge Fund company now holds 6,780 shares of SLB which is valued at $545,926. Schlumberger Limited. makes up approx 0.11% of Welch Group’s portfolio.Louisiana State Employees Retirement System reduced its stake in SLB by selling 1,801 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 91,164 shares of SLB which is valued at $7,282,180. Schlumberger Limited. makes up approx 0.37% of Louisiana State Employees Retirement System’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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