SLB Limited $SLB Shares Sold by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. trimmed its position in SLB Limited (NYSE:SLB) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,429 shares of the oil and gas company’s stock after selling 308 shares during the period. Huntleigh Advisors Inc.’s holdings in SLB were worth $454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLB. Charles Schwab Investment Management Inc. grew its position in 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 valued at $1,994,674,000 after buying an additional 39,474,501 shares during the last quarter. Boston Partners grew its position in SLB by 27.7% in the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock valued at $824,160,000 after buying an additional 4,300,222 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in SLB by 211.1% in the 1st 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 buying an additional 4,066,500 shares during the last quarter. Nuveen LLC purchased a new position in SLB in the 1st quarter valued at $169,232,000. Finally, Banque Transatlantique SA grew its position in SLB by 21,737.8% in the 1st quarter. Banque Transatlantique SA now owns 1,859,274 shares of the oil and gas company’s stock valued at $71,821,000 after buying an additional 1,850,760 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Dianne B. Ralston sold 39,727 shares of the company’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 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

SLB Trading Down 1.0%

NYSE SLB opened at $32.58 on Friday. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The company has a 50-day moving average of $34.49 and a 200-day moving average of $34.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The company has a market cap of $48.66 billion, a P/E ratio of 12.58, a P/E/G ratio of 9.11 and a beta of 0.97.

SLB (NYSE:SLB) last issued its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. SLB had a return on equity of 20.99% and a net margin of 11.53%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, equities analysts predict that SLB Limited will post 3.38 earnings per share 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 given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio is presently 44.02%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SLB. JPMorgan Chase & Co. lowered their price objective on shares of SLB from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, June 30th. Barclays decreased their target price on shares of SLB from $47.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, July 21st. Jefferies Financial Group decreased their target price on shares of SLB from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, June 26th. UBS Group decreased their target price on shares of SLB from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, August 20th. Finally, Melius Research initiated coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Two investment 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 company’s stock. Based on data from MarketBeat, SLB currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

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.