SLB Limited $SLB Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. raised its holdings in SLB Limited (NYSE:SLB) by 17.8% in the second quarter, Holdings Channel.com reports. The fund owned 255,978 shares of the oil and gas company’s stock after acquiring an additional 38,726 shares during the period. Osaic Holdings Inc.’s holdings in SLB were worth $8,897,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SLB. Brighton Jones LLC boosted its holdings in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after buying an additional 1,166 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of SLB during the 4th quarter worth $238,000. Capital Analysts LLC grew its holdings in shares of SLB by 14.9% in the 1st quarter. Capital Analysts LLC now owns 7,124 shares of the oil and gas company’s stock worth $298,000 after acquiring an additional 924 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of SLB by 35.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 173,857 shares of the oil and gas company’s stock worth $7,268,000 after purchasing an additional 45,036 shares during the period. Finally, CW Advisors LLC lifted its holdings in shares of SLB by 22.6% during the first quarter. CW Advisors LLC now owns 33,590 shares of the oil and gas company’s stock valued at $1,404,000 after purchasing an additional 6,190 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. TD Cowen lifted their target price on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Barclays cut their price target on shares of SLB from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday. Cowen reiterated a “buy” rating and set a $57.00 price objective on shares of SLB in a research report on Thursday, December 11th. Finally, UBS Group boosted their target price on shares of SLB from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.42.

SLB Stock Performance

Shares of SLB opened at $38.12 on Friday. The company has a market capitalization of $56.95 billion, a PE ratio of 14.72 and a beta of 0.73. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The company’s 50 day moving average price is $36.34 and its 200 day moving average price is $35.30. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.66.

SLB (NYSE:SLB) last issued its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) 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 company had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Research analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

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 paid a $0.285 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.0%. SLB’s payout ratio is 44.02%.

Insiders Place Their Bets

In other news, CFO Stephane Biguet sold 38,447 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the completion of the sale, the chief financial officer directly owned 175,690 shares of the company’s stock, valued at $6,456,607.50. This trade represents a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were 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 directly owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. The trade was a 27.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 103,947 shares of company stock valued at $3,871,337 in the last three months. Insiders own 0.22% of the company’s stock.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.