Mraz Amerine & Associates Inc. Acquires 129,004 Shares of SLB Limited $SLB

Mraz Amerine & Associates Inc. bought a new position in SLB Limited (NYSE:SLB) in the 3rd quarter, Holdings Channel.com reports. The fund bought 129,004 shares of the oil and gas company’s stock, valued at approximately $6,285,000. SLB accounts for about 1.0% of Mraz Amerine & Associates Inc.’s portfolio, making the stock its 18th largest holding.

A number of other institutional investors have also modified their holdings of SLB. Rakuten Investment Management Inc. lifted its holdings in SLB by 9.1% during the 3rd quarter. Rakuten Investment Management Inc. now owns 267,096 shares of the oil and gas company’s stock worth $13,320,000 after buying an additional 22,214 shares during the last quarter. Provenance Wealth Advisors LLC increased its holdings in shares of SLB by 7,779.6% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 20,487 shares of the oil and gas company’s stock valued at $998,000 after acquiring an additional 20,227 shares during the last quarter. Associated Banc Corp bought a new stake in shares of SLB in the 3rd quarter valued at approximately $3,123,000. Factory Mutual Insurance Co. acquired a new stake in shares of SLB during the 3rd quarter valued at approximately $38,961,000. Finally, VCI Wealth Management LLC acquired a new stake in shares of SLB during the 3rd quarter valued at approximately $2,174,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of a number of research reports. Evercore lifted their price objective on shares of SLB from $63.00 to $66.00 in a report on Thursday, October 8th. BMO Capital Markets restated an “outperform” rating and issued a $62.00 price target (down from $63.00) on shares of SLB in a research report on Tuesday, September 1st. Freedom Broker raised shares of SLB from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a report on Monday, October 26th. Wolfe Research started coverage on shares of SLB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $62.00 price objective for the company. Finally, Barclays dropped their price objective on shares of SLB from $66.00 to $63.00 and set an “overweight” rating on the stock in a research note on Monday, October 26th. Twenty-four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.52.

Insider Activity at SLB

In other SLB news, insider Dianne B. Ralston sold 20,986 shares of SLB stock in a transaction on Friday, October 30th. The stock was sold at an average price of $53.57, for a total transaction of $1,124,220.02. Following the sale, the insider owned 205,053 shares of the company’s stock, valued at $10,984,689.21. The trade was a 9.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Howard Guild sold 10,047 shares of SLB stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $53.65, for a total value of $539,021.55. Following the sale, the chief accounting officer directly owned 12,845 shares in the company, valued at $689,134.25. The trade was a 43.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.16% of the company’s stock.

SLB Price Performance

Shares of NYSE SLB opened at $52.11 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.39 and a quick ratio of 1.02. The firm has a market capitalization of $76.91 billion, a PE ratio of 25.29, a P/E/G ratio of 2.90 and a beta of 0.80. SLB Limited has a 1-year low of $34.65 and a 1-year high of $60.46. The business’s fifty day moving average price is $52.43 and its two-hundred day moving average price is $51.43.

SLB (NYSE:SLB) last announced its quarterly earnings results on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $9.27 billion. SLB had a net margin of 8.40% and a return on equity of 13.77%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, research analysts expect that SLB Limited will post 2.46 EPS for the current year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $0.2950 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. SLB’s payout ratio is 57.28%.

SLB Profile

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.