SLB Limited $SLB Shares Acquired by Oak Thistle LLC

Oak Thistle LLC boosted its position in SLB Limited (NYSE:SLB) by 41.8% during the third quarter, Holdings Channel.com reports. The fund owned 60,934 shares of the oil and gas company’s stock after purchasing an additional 17,969 shares during the quarter. Oak Thistle LLC’s holdings in SLB were worth $2,094,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moody National Bank Trust Division lifted its stake in shares of SLB by 12.0% in the 3rd quarter. Moody National Bank Trust Division now owns 26,703 shares of the oil and gas company’s stock valued at $918,000 after purchasing an additional 2,869 shares in the last quarter. City Center Advisors LLC acquired a new stake in SLB during the 3rd quarter worth approximately $318,000. Venture Visionary Partners LLC increased its position in SLB by 3.8% during the 3rd quarter. Venture Visionary Partners LLC now owns 10,157 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 370 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in SLB in the third quarter valued at approximately $313,000. Finally, GAMMA Investing LLC lifted its position in SLB by 24.3% during the third quarter. GAMMA Investing LLC now owns 22,837 shares of the oil and gas company’s stock valued at $785,000 after buying an additional 4,459 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Redburn Partners set a $48.00 price objective on shares of SLB in a research report on Monday, November 3rd. Rothschild & Co Redburn started coverage on shares of SLB in a research report on Monday, November 3rd. They set a “buy” rating and a $48.00 price target for the company. JPMorgan Chase & Co. lowered their price target on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Cowen reissued a “buy” rating and issued a $57.00 price objective on shares of SLB in a research report on Thursday, December 11th. Finally, Barclays boosted their price objective on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, SLB has an average rating of “Moderate Buy” and an average price target of $52.32.

SLB Stock Performance

Shares of SLB stock opened at $37.64 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. The company’s fifty day moving average price is $36.02 and its two-hundred day moving average price is $35.21. The firm has a market capitalization of $56.23 billion, a P/E ratio of 14.53 and a beta of 0.73. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.66.

SLB (NYSE:SLB) last announced its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The business had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.0%. SLB’s payout ratio is currently 44.02%.

Insider Buying and Selling at SLB

In related news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the sale, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This represents a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter John Coleman sold 5,500 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the transaction, the director directly owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. This represents a 22.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,947 shares of company stock valued at $3,871,337 in the last three months. Corporate insiders own 0.22% of the company’s stock.

SLB Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.