Atria Wealth Solutions Inc. Decreases Holdings in SLB Limited $SLB

Atria Wealth Solutions Inc. lowered its position in SLB Limited (NYSE:SLB) by 81.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,298 shares of the oil and gas company’s stock after selling 27,245 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SLB were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. First Command Advisory Services Inc. lifted its holdings in SLB by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after buying an additional 477 shares in the last quarter. Atticus Wealth Management LLC acquired a new position in SLB in the 2nd quarter worth $29,000. Atlas Capital Advisors Inc. acquired a new position in SLB in the 1st quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 worth $33,000 after buying an additional 350 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in SLB in the 1st quarter worth $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

NYSE SLB opened at $34.88 on Thursday. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.97. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a market cap of $52.09 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 9.34 and a beta of 0.97. The company has a 50-day moving average price of $34.55 and a two-hundred day moving average price of $34.49.

SLB (NYSE:SLB) last posted its 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. The firm had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. SLB’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. Analysts forecast that SLB Limited will post 3.38 EPS for the current year.

SLB Dividend Announcement

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 paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.3%. SLB’s dividend payout ratio is currently 44.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Atb Cap Markets upgraded shares of SLB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 1st. Barclays upped their target price on shares of SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday. Susquehanna cut their target price on shares of SLB from $44.00 to $42.00 and set a “positive” rating on the stock in a research note on Monday, July 21st. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Stifel Nicolaus cut their target price on shares of SLB from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.69.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

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.