Will Schlumberger’s Heaviest Stockholders Increase Their Positions After This New Release?

In 2012, Schlumberger Limited’s (NYSE:SLB) shares are down 2.66 percent. On Wednesday, the company announced the release of  its Mangrove reservoir-centric stimulation design software, which will offer improved decision making for well completion and fracturing programs. The software had been developed on the Petrel E&P software platform enabling Mangrove users to access the shared earth model to advance designs for reservoirs.

Salvador Ayala, vice president, Stimulation, Schlumberger Well Services said, “Economic development of unconventional reservoirs has been a challenge with a purely geometrical approach to staging design and perforation placement, and an empirical fracture treatment design. With Mangrove software, customers can be confident in a scientific approach that uses all available data in the shared earth model to enable the most productive parts of the reservoir to be optimally completed.”

With the design software release, will Schlumberger’s largest shareholders increase their positions? 1360 institutional firms indicated owning shares of Schlumberger Limited (NYSE:SLB) in Q1 2012. These firms reported owning a total of 982.293 million shares on 03/31/2012. The shares closed at $69.64 on 03/31/2012.

Here are the ten largest positions in Schlumberger Limited at the end of March 31st, 2012.

Vanguard Group Inc held 56,496,093 shares on 03/31/2012 worth $3,950,771,801. This brought the portfolio total to 0.53%.

State Street Corp held 51,977,469 shares on 03/31/2012 worth $3,634,784,423. This brought the portfolio total to 0.56%.

Capital Research Global Investors held 41,728,939 shares on 03/31/2012 worth $2,918,104,717. This brought the portfolio total to 1.24%.

Price T Rowe Associates Inc /MD/ held 39,303,527 shares on 03/31/2012 worth $2,748,495,655. This brought the portfolio total to 0.83%.

Dodge & Cox held 34,623,552 shares on 03/31/2012 worth $2,421,225,002. This brought the portfolio total to 3.1%.

Blackrock Institutional Trust Company N.A. held 34,322,915 shares on 03/31/2012 worth $2,400,201,456. This brought the portfolio total to 0.55%.

FMR LLC held 31,121,894 shares on 03/31/2012 worth $2,176,354,057. This brought the portfolio total to 0.39%.

Bank of New York Mellon Corp held 25,936,957 shares on 03/31/2012 worth $1,813,771,411. This brought the portfolio total to 0.69%.

JPMorgan Chase & Co held 20,117,154 shares on 03/31/2012 worth $1,406,792,585. This brought the portfolio total to 0.57%.

Northern Trust Corp held 19,146,246 shares on 03/31/2012 worth $1,338,896,989. This brought the portfolio total to 0.62%.

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