Schulhoff & Co. Inc. Increases Stock Holdings in SLB Limited $SLB

Schulhoff & Co. Inc. increased its holdings in SLB Limited (NYSE:SLB) by 35.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,480 shares of the oil and gas company’s stock after purchasing an additional 2,240 shares during the period. Schulhoff & Co. Inc.’s holdings in SLB were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLB. Charles Schwab Investment Management Inc. grew its position in shares of SLB by 478.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock valued at $1,994,674,000 after purchasing an additional 39,474,501 shares during the period. Boston Partners boosted its holdings in SLB by 27.7% in the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock valued at $824,160,000 after acquiring an additional 4,300,222 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in SLB by 211.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,992,997 shares of the oil and gas company’s stock valued at $250,507,000 after acquiring an additional 4,066,500 shares during the last quarter. Nuveen LLC acquired a new position in SLB in the first quarter valued at $169,232,000. Finally, Banque Transatlantique SA boosted its holdings in SLB by 21,737.8% in the first quarter. Banque Transatlantique SA now owns 1,859,274 shares of the oil and gas company’s stock valued at $71,821,000 after acquiring an additional 1,850,760 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Trading Up 0.2%

Shares of SLB opened at $33.51 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. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The stock’s 50-day moving average is $34.52 and its two-hundred day moving average is $34.48. The stock has a market cap of $50.05 billion, a PE ratio of 12.94, a P/E/G ratio of 9.35 and a beta of 0.97.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. Equities analysts forecast that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. SLB’s payout ratio is 44.02%.

Insider Activity at SLB

In related news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SLB. Citigroup lifted their target price on SLB from $46.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Jefferies Financial Group reduced their target price on SLB from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, June 26th. Stifel Nicolaus reduced their price objective on SLB from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Finally, Susquehanna reduced their price objective on SLB from $44.00 to $42.00 and set a “positive” rating on the stock in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and an average target price of $51.69.

About SLB

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.