FNY Investment Advisers LLC Takes Position in SLB Limited $SLB

FNY Investment Advisers LLC acquired a new stake in SLB Limited (NYSE:SLB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,136 shares of the oil and gas company’s stock, valued at approximately $72,000.

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

Insiders Place Their Bets

In related news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares in the company, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.

SLB Stock Performance

Shares of SLB stock opened at $36.06 on Friday. The firm’s fifty day simple moving average is $34.61 and its 200-day simple moving average is $34.51. The stock has a market capitalization of $53.86 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 9.66 and a beta of 0.97. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01.

SLB (NYSE:SLB) last announced 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 net margin of 10.34% and a return on equity of 18.97%. The business had revenue of $8.93 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the company posted $0.89 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts forecast that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors 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 yield of 3.2%. The ex-dividend date is Wednesday, December 3rd. SLB’s dividend payout ratio (DPR) is 44.02%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SLB shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Susquehanna decreased their price target on shares of SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research note on Monday, July 21st. Piper Sandler set a $42.00 price target on shares of SLB and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays lifted their target price on shares of SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday. Two investment 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 company. According to MarketBeat, SLB has a consensus 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.