CENTRAL TRUST Co Has $374,000 Stock Position in SLB Limited $SLB

CENTRAL TRUST Co cut its holdings in SLB Limited (NYSE:SLB) by 31.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,054 shares of the oil and gas company’s stock after selling 5,163 shares during the quarter. CENTRAL TRUST Co’s holdings in SLB were worth $374,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in 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 in the last quarter. Boston Partners raised its holdings 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 valued at $824,160,000 after purchasing an additional 4,300,222 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of SLB by 211.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,992,997 shares of the oil and gas company’s stock worth $250,507,000 after purchasing an additional 4,066,500 shares in the last quarter. Nuveen LLC acquired a new stake in shares of SLB in the 1st quarter valued at about $169,232,000. Finally, Banque Transatlantique SA grew its stake in shares of SLB by 21,737.8% in the 1st quarter. Banque Transatlantique SA now owns 1,859,274 shares of the oil and gas company’s stock valued at $71,821,000 after buying an additional 1,850,760 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

SLB opened at $36.28 on Friday. SLB Limited has a 1 year low of $31.11 and a 1 year 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. The company has a market capitalization of $54.20 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 10.19 and a beta of 0.97. The firm’s fifty day moving average price is $35.01 and its two-hundred day moving average price is $34.74.

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 the consensus estimate 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 quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, analysts anticipate that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.1%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Barclays increased their target price on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Melius initiated coverage on shares of SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target for the company. Redburn Partners set a $48.00 price objective on shares of SLB in a report on Monday, November 3rd. Finally, UBS Group reaffirmed a “buy” rating and issued a $44.00 price objective on shares of SLB in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.28.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00. Following the completion of the transaction, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This represents a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dianne B. Ralston sold 39,727 shares of SLB 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 sale, the insider owned 202,201 shares in the company, valued at $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.22% of the stock is owned by insiders.

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.