SLB Limited $SLB Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC trimmed its position in shares of SLB Limited (NYSE:SLB) by 4.1% in the second quarter, HoldingsChannel reports. The firm owned 8,130 shares of the oil and gas company’s stock after selling 346 shares during the period. Exencial Wealth Advisors LLC’s holdings in SLB were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in SLB by 478.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock valued at $1,994,674,000 after purchasing an additional 39,474,501 shares during the period. Boston Partners lifted its stake in shares of SLB by 27.7% in the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock worth $824,160,000 after acquiring an additional 4,300,222 shares during the period. Northern Trust Corp lifted its stake in shares of SLB by 4.4% in the 1st quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock worth $602,860,000 after acquiring an additional 604,832 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of SLB by 22.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock worth $375,738,000 after acquiring an additional 1,667,203 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of SLB by 3.8% in the 1st quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock worth $320,154,000 after acquiring an additional 281,937 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

SLB Stock Down 0.5%

NYSE SLB opened at $35.84 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. The company’s 50 day simple moving average is $34.66 and its 200 day simple moving average is $34.53. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The company has a market capitalization of $53.54 billion, a P/E ratio of 13.84, a PEG ratio of 9.96 and a beta of 0.97.

SLB (NYSE:SLB) last released its earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping 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 business had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the firm earned $0.89 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SLB shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a research note on Friday. Citigroup upped their price target on shares of SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday. Melius started coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target for the company. Wells Fargo & Company lowered shares of SLB from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 20th. Finally, UBS Group reaffirmed a “buy” rating and issued a $44.00 price target on shares of SLB in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, SLB presently has an average rating of “Moderate Buy” and an average price target of $51.69.

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.