SLB Limited $SLB Stock Holdings Boosted by EPG Wealth Management LLC

EPG Wealth Management LLC lifted its position in shares of SLB Limited (NYSE:SLB) by 6.1% in the 2nd quarter, Holdings Channel reports. The fund owned 24,824 shares of the oil and gas company’s stock after buying an additional 1,429 shares during the period. EPG Wealth Management LLC’s holdings in SLB were worth $839,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in shares of SLB by 478.8% during 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 during the last quarter. Boston Partners grew its position in shares of SLB by 27.7% during 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 during the last quarter. Northern Trust Corp grew its position in shares of SLB by 4.4% during 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 during the last quarter. Dimensional Fund Advisors LP grew its position in 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 valued at $375,738,000 after buying an additional 1,667,203 shares in the last quarter. Finally, Invesco Ltd. grew its position in SLB by 3.8% in the 1st quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock valued at $320,154,000 after buying an additional 281,937 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Price Performance

Shares of NYSE SLB opened at $36.06 on Monday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 10.19 and a beta of 0.97. The firm has a 50-day moving average of $34.90 and a two-hundred day moving average of $34.62.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share 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 company had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the company earned $0.89 EPS. SLB’s revenue was down 2.5% on a year-over-year basis. As a group, analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

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

Insiders Place Their Bets

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SLB. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Melius Research began coverage on shares of SLB in a research report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price for the company. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Stifel Nicolaus decreased their target price on shares of SLB from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Finally, Barclays increased their target price on shares of SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $51.69.

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.