SLB Limited $SLB Stock Holdings Increased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC lifted its position in SLB Limited (NYSE:SLB) by 15.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,971 shares of the oil and gas company’s stock after buying an additional 819 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in SLB were worth $202,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of 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 worth $1,994,674,000 after buying an additional 39,474,501 shares in the last quarter. Boston Partners raised 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 buying an additional 4,300,222 shares in the last quarter. Northern Trust Corp raised 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 buying an additional 604,832 shares in the last quarter. Dimensional Fund Advisors LP raised 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 buying an additional 1,667,203 shares in the last quarter. Finally, Invesco Ltd. raised 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 buying an additional 281,937 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday. Barclays decreased their target price on SLB from $47.00 to $46.00 and set an “overweight” rating on the stock in a report on Monday, July 21st. Wells Fargo & Company cut SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Atb Cap Markets upgraded SLB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, SLB has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

SLB Stock Performance

Shares of NYSE SLB opened at $33.43 on Tuesday. The business’s 50-day moving average price is $34.51 and its two-hundred day moving average price is $34.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB Limited has a one year low of $31.11 and a one year high of $44.97. The company has a market capitalization of $49.92 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 9.13 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 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The firm had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.4%. SLB’s payout ratio is currently 44.02%.

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.