Vestmark Advisory Solutions Inc. Invests $935,000 in SLB Limited $SLB

Vestmark Advisory Solutions Inc. purchased a new position in shares of SLB Limited (NYSE:SLB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 27,659 shares of the oil and gas company’s stock, valued at approximately $935,000.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of SLB by 478.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock worth $1,994,674,000 after purchasing an additional 39,474,501 shares during the last quarter. Boston Partners increased its stake in SLB by 27.7% in the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock worth $824,160,000 after buying an additional 4,300,222 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in SLB by 211.1% during the 1st 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 buying an additional 4,066,500 shares in the last quarter. Nuveen LLC purchased a new stake in SLB in the 1st quarter valued at about $169,232,000. Finally, Banque Transatlantique SA boosted its position in SLB by 21,737.8% in the 1st quarter. Banque Transatlantique SA now owns 1,859,274 shares of the oil and gas company’s stock valued at $71,821,000 after buying an additional 1,850,760 shares during the period. Institutional investors own 81.99% of the company’s stock.

SLB Trading Up 0.7%

Shares of NYSE:SLB opened at $36.93 on Tuesday. The company has a market capitalization of $55.17 billion, a PE ratio of 14.26, a P/E/G ratio of 10.19 and a beta of 0.97. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.97. The business’s fifty day simple moving average is $34.95 and its 200-day simple moving average is $34.70.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, beating 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 company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.1%. SLB’s payout ratio is presently 44.02%.

Insider Activity

In related news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the transaction, the insider owned 202,201 shares in the company, valued at $7,295,412.08. The trade was a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SLB. JPMorgan Chase & Co. decreased their price target on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. UBS Group restated a “buy” rating and set a $44.00 price objective on shares of SLB in a report on Tuesday, October 21st. Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Susquehanna dropped their price target on SLB from $44.00 to $42.00 and set a “positive” rating on the stock in a research report on Monday, July 21st. Finally, Melius began coverage on SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.28.

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.