SSA Swiss Advisors AG Has $31,000 Stock Position in SLB Limited $SLB

SSA Swiss Advisors AG lowered its stake in SLB Limited (NYSE:SLB) by 51.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 870 shares of the oil and gas company’s stock after selling 910 shares during the quarter. SSA Swiss Advisors AG’s holdings in SLB were worth $31,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. boosted its holdings in shares of SLB by 300.0% during the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 477 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of SLB during the second quarter worth approximately $29,000. Atlas Capital Advisors Inc. bought a new stake in shares of SLB during the first quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of SLB by 55.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 350 shares during the period. Finally, Alpine Bank Wealth Management bought a new stake in shares of SLB during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research note on Friday. Melius Research initiated coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target for the company. Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Susquehanna cut their price target on SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research note on Monday, July 21st. Finally, Stifel Nicolaus cut their price target on SLB from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

SLB Stock Down 0.5%

Shares of SLB opened at $35.84 on Friday. SLB Limited has a one year low of $31.11 and a one year high of $44.97. The company has a market cap of $53.54 billion, a P/E ratio of 13.84, a P/E/G ratio of 9.96 and a beta of 0.97. 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 firm has a 50 day simple moving average of $34.66 and a two-hundred day simple moving average of $34.53.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The business had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company’s revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 earnings per share. Research analysts forecast that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. SLB’s dividend payout ratio is 44.02%.

Insider Activity

In other news, insider Dianne B. Ralston sold 39,727 shares of the company’s 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 completion of the transaction, the insider directly owned 202,201 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.22% of the company’s stock.

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.