Murphy Pohlad Asset Management LLC Acquires 4,635 Shares of SLB Limited $SLB

Murphy Pohlad Asset Management LLC grew its holdings in SLB Limited (NYSE:SLB) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,069 shares of the oil and gas company’s stock after acquiring an additional 4,635 shares during the quarter. SLB accounts for about 1.5% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 22nd largest holding. Murphy Pohlad Asset Management LLC’s holdings in SLB were worth $3,653,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of SLB by 478.8% in the first 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 acquiring an additional 39,474,501 shares in the last quarter. Boston Partners increased its holdings in shares of SLB by 27.7% in the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock worth $824,160,000 after acquiring an additional 4,300,222 shares in the last quarter. Northern Trust Corp increased its holdings in shares of SLB by 4.4% in the first quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock worth $602,860,000 after acquiring an additional 604,832 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of SLB by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock worth $375,738,000 after acquiring an additional 1,667,203 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of SLB by 3.8% in the first quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock worth $320,154,000 after acquiring an additional 281,937 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Activity

In other 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 directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SLB. Weiss Ratings restated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Melius started coverage on SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Citigroup upped their price objective on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Barclays upped their price objective on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Finally, Melius Research started coverage on SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.69.

SLB Stock Performance

Shares of NYSE SLB opened at $36.32 on Friday. The stock has a 50 day moving average price of $34.89 and a 200 day moving average price of $34.60. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The stock has a market capitalization of $54.25 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97.

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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders 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 3.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio (DPR) is presently 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.