Inceptionr LLC Invests $447,000 in SLB Limited $SLB

Inceptionr LLC acquired a new position in SLB Limited (NYSE:SLB) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 12,996 shares of the oil and gas company’s stock, valued at approximately $447,000.

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Freedom Capital downgraded SLB from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Stifel Nicolaus set a $56.00 price objective on shares of SLB in a report on Monday, January 26th. Jefferies Financial Group raised their target price on shares of SLB from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Sunday, February 1st. Sanford C. Bernstein lifted their price objective on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada upped their price target on SLB from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.96.

SLB Trading Up 0.1%

Shares of SLB stock opened at $48.16 on Thursday. SLB Limited has a 52-week low of $31.11 and a 52-week high of $52.45. The firm has a market capitalization of $72.36 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.27 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The company’s fifty day moving average price is $48.30 and its two-hundred day moving average price is $40.31.

SLB (NYSE:SLB) last released its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.54 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Increases Dividend

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

Insiders Place Their Bets

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the sale, the executive vice president directly owned 140,602 shares in the company, valued at $6,987,919.40. This represents a 29.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Stephane Biguet sold 61,017 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the sale, the chief financial officer directly owned 155,548 shares in the company, valued at approximately $7,730,735.60. This 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 worth $7,796,666 over the last ninety days. 0.16% of the stock is owned by insiders.

SLB Company 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.