SLB Limited $SLB Shares Sold by Savant Capital LLC

Savant Capital LLC trimmed its holdings in shares of SLB Limited (NYSE:SLB) by 51.0% in the second quarter, Holdings Channel reports. The firm owned 28,825 shares of the oil and gas company’s stock after selling 30,058 shares during the period. Savant Capital LLC’s holdings in SLB were worth $974,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Atticus Wealth Management LLC acquired a new stake in shares of SLB during the second quarter valued at about $29,000. Atlas Capital Advisors Inc. acquired a new position in shares of SLB in the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 350 shares during the period. NewSquare Capital LLC increased its holdings in SLB by 51.4% in the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 341 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in SLB in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Up 0.6%

SLB stock opened at $36.28 on Friday. The company’s 50 day moving average price is $35.01 and its 200 day moving average price is $34.74. The firm has a market capitalization of $54.20 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 10.19 and a beta of 0.97. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39.

SLB (NYSE:SLB) last posted 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 net margin of 10.34% and a return on equity of 18.97%. The company had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the business posted $0.89 EPS. The firm’s revenue was down 2.5% on a year-over-year basis. On average, equities research analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Announces Dividend

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

Insiders Place Their Bets

In other SLB news, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the sale, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. The trade was a 27.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.22% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research reports. Melius started coverage on SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Piper Sandler set a $42.00 price target on shares of SLB and gave the stock an “overweight” rating in a research note on Monday, October 20th. Melius Research initiated coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective for the company. UBS Group reaffirmed a “buy” rating and set a $44.00 target price on shares of SLB in a research note on Tuesday, October 21st. Finally, Zacks Research raised shares of SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SLB currently has an average rating of “Moderate Buy” and an average target price of $51.28.

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.