SLB Limited $SLB Shares Acquired by Sanders Morris Harris LLC

Sanders Morris Harris LLC boosted its stake in shares of SLB Limited (NYSE:SLB) by 61.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,550 shares of the oil and gas company’s stock after acquiring an additional 126,150 shares during the quarter. SLB accounts for 1.5% of Sanders Morris Harris LLC’s portfolio, making the stock its 10th largest position. Sanders Morris Harris LLC’s holdings in SLB were worth $11,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SLB. Legacy Wealth Asset Management LLC boosted its position in SLB by 2.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock valued at $486,000 after buying an additional 308 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in shares of SLB by 4.5% in the 1st quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 316 shares in the last quarter. CreativeOne Wealth LLC grew its position in SLB by 6.3% during the 1st quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock worth $236,000 after acquiring an additional 335 shares during the last quarter. NewSquare Capital LLC increased its holdings in SLB by 51.4% during 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 in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in SLB by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 350 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Transactions 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 transaction of $2,261,400.00. Following the transaction, the executive vice president directly owned 159,371 shares in the company, valued at approximately $6,006,692.99. The trade was a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter John Coleman sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total value of $197,010.00. Following the completion of the transaction, the director directly owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. The trade was a 22.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,947 shares of company stock valued at $3,871,337 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

SLB Trading Down 3.2%

NYSE:SLB opened at $37.64 on Wednesday. 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 1-year low of $31.11 and a 1-year high of $44.66. The firm has a market capitalization of $56.23 billion, a price-to-earnings ratio of 14.53 and a beta of 0.73. The business’s 50-day moving average price is $36.02 and its two-hundred day moving average price is $35.21.

SLB (NYSE:SLB) last posted its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 EPS. On average, equities analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be issued a $0.285 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.0%. SLB’s dividend payout ratio (DPR) is 44.02%.

Analyst Upgrades and Downgrades

SLB has been the topic of several research analyst reports. Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. UBS Group increased their price objective on shares of SLB from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Friday. TD Cowen boosted their target price on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Redburn Partners set a $48.00 price target on shares of SLB in a research note on Monday, November 3rd. Finally, Melius Research initiated coverage on shares of SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target for the company. Two investment 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

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.