SLB Limited $SLB Shares Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC grew its holdings in shares of SLB Limited (NYSE:SLB) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,297 shares of the oil and gas company’s stock after purchasing an additional 451 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in SLB were worth $686,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of SLB by 478.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock worth $1,994,674,000 after buying an additional 39,474,501 shares during the period. Boston Partners grew its stake in shares of SLB by 27.7% during the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock valued at $824,160,000 after acquiring an additional 4,300,222 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of SLB by 211.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,992,997 shares of the oil and gas company’s stock valued at $250,507,000 after acquiring an additional 4,066,500 shares in the last quarter. Nuveen LLC acquired a new stake in shares of SLB during the first quarter valued at about $169,232,000. Finally, Banque Transatlantique SA grew its stake in SLB by 21,737.8% in the first quarter. Banque Transatlantique SA now owns 1,859,274 shares of the oil and gas company’s stock worth $71,821,000 after purchasing an additional 1,850,760 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the sale, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.

SLB Stock Up 2.4%

Shares of SLB opened at $33.43 on Tuesday. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.97. 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 firm has a market capitalization of $49.92 billion, a P/E ratio of 12.91, a P/E/G ratio of 9.13 and a beta of 0.97. The company has a 50-day simple moving average of $34.51 and a 200-day simple moving average of $34.49.

SLB (NYSE:SLB) last posted its quarterly 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. SLB had a net margin of 10.34% and a return on equity of 18.97%. The firm had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that SLB Limited will post 3.38 earnings per share for the current 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 issued a $0.285 dividend. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.4%. SLB’s dividend payout ratio (DPR) is 44.02%.

Analysts Set New Price Targets

A number of brokerages have issued reports on SLB. Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Atb Cap Markets raised SLB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 1st. Wells Fargo & Company cut SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Barclays reaffirmed an “overweight” rating on shares of SLB in a report on Tuesday. Finally, Melius started coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.