SLB Limited $SLB Stake Lowered by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC trimmed its position in shares of SLB Limited (NYSE:SLB) by 10.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,894 shares of the oil and gas company’s stock after selling 1,452 shares during the period. Uhlmann Price Securities LLC’s holdings in SLB were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of SLB in the 1st quarter valued at approximately $169,232,000. Scharf Investments LLC raised its position in SLB by 20.5% during the first quarter. Scharf Investments LLC now owns 1,653,895 shares of the oil and gas company’s stock valued at $69,133,000 after acquiring an additional 281,773 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new stake in SLB in the first quarter valued at approximately $308,000. Shell Asset Management Co. grew its position in SLB by 48.1% in the second quarter. Shell Asset Management Co. now owns 62,737 shares of the oil and gas company’s stock worth $2,121,000 after acquiring an additional 20,387 shares in the last quarter. Finally, Godsey & Gibb Inc. increased its stake in shares of SLB by 9.6% during the 2nd quarter. Godsey & Gibb Inc. now owns 493,092 shares of the oil and gas company’s stock worth $16,667,000 after purchasing an additional 43,135 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

NYSE SLB opened at $32.58 on Monday. The stock has a 50-day simple moving average of $34.49 and a 200 day simple moving average of $34.50. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The stock has a market capitalization of $48.66 billion, a PE ratio of 12.58, a P/E/G ratio of 9.13 and a beta of 0.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39.

SLB (NYSE:SLB) last issued its quarterly 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 company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.89 EPS. Research analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The company also recently declared 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. This represents a $1.14 annualized dividend and a yield of 3.5%. The ex-dividend date is Wednesday, December 3rd. SLB’s payout ratio is currently 44.02%.

Analyst Upgrades and Downgrades

SLB has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Melius Research assumed coverage on SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Wells Fargo & Company cut SLB from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. lowered their price objective on SLB from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Monday, June 30th. Finally, Stifel Nicolaus cut their price objective on SLB from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Insider Buying and Selling

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the sale, the insider owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.

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.