Financial Security Advisor Inc. Increases Position in SLB Limited $SLB

Financial Security Advisor Inc. increased its stake in SLB Limited (NYSE:SLB) by 102.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,761 shares of the oil and gas company’s stock after purchasing an additional 12,003 shares during the quarter. Financial Security Advisor Inc.’s holdings in SLB were worth $918,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Stephens Inc. AR increased its holdings in shares of SLB by 2.2% in the 4th quarter. Stephens Inc. AR now owns 28,219 shares of the oil and gas company’s stock valued at $1,083,000 after purchasing an additional 619 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of SLB in the 4th quarter valued at about $820,000. Lockheed Martin Investment Management Co. increased its holdings in shares of SLB by 20.7% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 44,650 shares of the oil and gas company’s stock valued at $1,714,000 after purchasing an additional 7,660 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in shares of SLB in the 4th quarter valued at about $26,782,000. Finally, Commerzbank Aktiengesellschaft FI increased its holdings in shares of SLB by 19.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 180,047 shares of the oil and gas company’s stock valued at $6,910,000 after purchasing an additional 29,055 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SLB shares. Morgan Stanley set a $57.00 target price on shares of SLB in a report on Monday, April 27th. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 target price on shares of SLB in a report on Monday, April 27th. Argus upgraded shares of SLB to a “strong-buy” rating in a report on Monday, January 26th. Barclays raised their target price on shares of SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, TD Cowen raised their target price on shares of SLB from $55.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and a consensus price target of $59.74.

Insider Transactions at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of the sale, the director directly owned 16,953 shares in the company, valued at $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.16% of the company’s stock.

SLB Stock Performance

NYSE:SLB opened at $55.33 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $51.44 and a two-hundred day moving average price of $45.70. SLB Limited has a twelve month low of $31.64 and a twelve month high of $57.20. The company has a market capitalization of $82.72 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 3.92 and a beta of 0.72.

SLB (NYSE:SLB) last posted its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.72 EPS. As a group, research analysts expect that SLB Limited will post 2.61 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.1%. SLB’s payout ratio is 51.53%.

About SLB

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.