Gamco Investors INC. ET AL Purchases 27,941 Shares of SLB Limited $SLB

Gamco Investors INC. ET AL boosted its holdings in shares of SLB Limited (NYSE:SLB) by 14.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 217,150 shares of the oil and gas company’s stock after acquiring an additional 27,941 shares during the quarter. Gamco Investors INC. ET AL’s holdings in SLB were worth $7,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. Synergy Asset Management LLC raised its holdings in shares of SLB by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after purchasing an additional 40,415 shares in the last quarter. Americana Partners LLC lifted its stake in shares of SLB by 10.1% in the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after purchasing an additional 22,706 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in SLB by 13.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock worth $7,220,000 after purchasing an additional 25,417 shares in the last quarter. Nordea Investment Management AB increased its position in SLB by 4.9% during the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after buying an additional 100,918 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG increased its position in SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after buying an additional 948,015 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SLB

In other SLB news, Director La Chevardiere Patrick De sold 4,000 shares of SLB stock in a transaction on Monday, January 26th. The shares were sold at an average price of $50.29, for a total transaction of $201,160.00. Following the sale, the director owned 19,525 shares in the company, valued at $981,912.25. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephane Biguet sold 61,017 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the completion of the sale, the chief financial officer directly owned 155,548 shares in the company, valued at $7,730,735.60. This trade represents a 28.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,902 shares of company stock valued at $7,796,666 over the last 90 days. Corporate insiders own 0.16% of the company’s stock.

SLB Trading Down 1.1%

Shares of SLB opened at $46.86 on Monday. The stock’s 50-day moving average price is $47.73 and its 200 day moving average price is $40.07. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $70.41 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 3.19 and a beta of 0.68. SLB Limited has a 12-month low of $31.11 and a 12-month high of $52.45.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. SLB had a return on equity of 17.45% and a net margin of 9.45%.The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. During the same quarter last year, the company earned $0.92 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts predict that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be paid a $0.295 dividend. The ex-dividend date is Wednesday, February 11th. This is a positive change from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.5%. SLB’s dividend payout ratio is currently 49.79%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Susquehanna boosted their price target on SLB from $52.00 to $58.00 and gave the stock a “positive” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price objective on SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 26th. UBS Group reissued a “buy” rating on shares of SLB in a research note on Tuesday, January 27th. Sanford C. Bernstein boosted their target price on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Evercore set a $54.00 target price on SLB and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.96.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.