Oak Thistle LLC Grows Position in SLB Limited $SLB

Oak Thistle LLC boosted its position in shares of SLB Limited (NYSE:SLB) by 41.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,934 shares of the oil and gas company’s stock after acquiring an additional 17,969 shares during the period. Oak Thistle LLC’s holdings in SLB were worth $2,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SLB. Twin Peaks Wealth Advisors LLC acquired a new stake in SLB during the 2nd quarter worth $25,000. Atticus Wealth Management LLC acquired a new position in SLB during the second quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of SLB by 55.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 350 shares during the period. NewSquare Capital LLC increased its holdings in shares of 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 acquiring an additional 341 shares during the period. Finally, Flaharty Asset Management LLC acquired a new stake in SLB during the 1st quarter worth $67,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

SLB stock opened at $37.64 on Wednesday. The stock has a market capitalization of $56.23 billion, a P/E ratio of 14.53 and a beta of 0.73. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. The firm’s 50-day moving average is $36.02 and its two-hundred day moving average is $35.21.

SLB (NYSE:SLB) last posted 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 net margin of 10.34% and a return on equity of 18.97%. The business had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. Equities analysts predict that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The firm 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 3.0%. SLB’s payout ratio is currently 44.02%.

Insider Activity at SLB

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 value of $2,261,400.00. Following the completion of the sale, the executive vice president owned 159,371 shares in the company, valued at $6,006,692.99. The trade was a 27.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total transaction of $197,010.00. Following the transaction, the director directly owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. This represents a 22.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 103,947 shares of company stock worth $3,871,337. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Melius Research assumed coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Rothschild Redb raised shares of SLB to a “strong-buy” rating in a report on Monday, November 3rd. UBS Group raised their price target on SLB from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. Finally, Cowen reiterated a “buy” rating and issued a $57.00 price target on shares of SLB in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.32.

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.