Simon Quick Advisors LLC Has $203,000 Stock Position in SLB Limited $SLB

Simon Quick Advisors LLC decreased its stake in shares of SLB Limited (NYSE:SLB) by 40.0% during the 2nd quarter, Holdings Channel reports. The firm owned 6,010 shares of the oil and gas company’s stock after selling 4,006 shares during the period. Simon Quick Advisors LLC’s holdings in SLB were worth $203,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SLB. First Command Advisory Services Inc. increased its position in shares of SLB by 300.0% during the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 477 shares during the last quarter. Atticus Wealth Management LLC acquired a new position in shares of SLB during the 2nd quarter worth approximately $29,000. Atlas Capital Advisors Inc. acquired a new position in shares of SLB during the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 350 shares during the last quarter. Finally, Park Square Financial Group LLC acquired a new position in shares of SLB during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Down 2.4%

SLB opened at $36.12 on Wednesday. SLB Limited has a fifty-two week low of $31.11 and a fifty-two 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 company has a market capitalization of $53.96 billion, a P/E ratio of 13.94, a P/E/G ratio of 10.19 and a beta of 0.97. The stock has a fifty day moving average of $34.94 and a 200-day moving average of $34.64.

SLB (NYSE:SLB) last posted its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. On average, equities analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Dividend Announcement

The business also recently declared 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. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. SLB’s dividend payout ratio (DPR) is presently 44.02%.

Insider Activity at SLB

In related news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction 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 transaction, the insider owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SLB shares. UBS Group reissued a “buy” rating and set a $44.00 target price on shares of SLB in a report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Redburn Partners set a $48.00 target price on SLB in a report on Monday. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Rothschild & Co Redburn started coverage on SLB in a report on Monday. They set a “buy” rating and a $48.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.28.

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.