SLB Limited $SLB Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its stake in shares of SLB Limited (NYSE:SLB) by 16.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,619 shares of the oil and gas company’s stock after selling 5,218 shares during the quarter. Stephens Inc. AR’s holdings in SLB were worth $920,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of SLB by 478.8% in the first 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 acquiring an additional 39,474,501 shares in the last quarter. Boston Partners increased its position in shares of SLB by 27.7% in the first 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 in the last quarter. Northern Trust Corp boosted its stake in shares of SLB by 4.4% in the first quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock valued at $602,860,000 after purchasing an additional 604,832 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of SLB by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock valued at $375,738,000 after purchasing an additional 1,667,203 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of SLB by 3.8% in the first quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock valued at $320,154,000 after purchasing an additional 281,937 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Down 0.5%

Shares of NYSE:SLB opened at $35.84 on Friday. The stock has a market capitalization of $53.54 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 9.96 and a beta of 0.97. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.97. The company’s fifty day moving average is $34.66 and its two-hundred day moving average is $34.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39.

SLB (NYSE:SLB) last issued its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $8.93 billion for 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%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 earnings per share. Equities analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The firm 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 dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio is 44.02%.

Insider Buying and Selling at SLB

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 transaction of $1,433,350.16. Following the sale, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

SLB has been the subject of several analyst reports. Piper Sandler set a $42.00 target price on shares of SLB and gave the company an “overweight” rating in a research note on Monday. Melius Research initiated coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research note on Friday. UBS Group reiterated a “buy” rating and set a $44.00 price objective on shares of SLB in a research note on Tuesday. Finally, Citigroup increased their price objective on shares of SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday. Two investment 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $51.69.

SLB 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.