Philip James Wealth Mangement LLC Has $1.74 Million Holdings in SLB Limited $SLB

Philip James Wealth Mangement LLC lifted its stake in shares of SLB Limited (NYSE:SLB) by 114.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,537 shares of the oil and gas company’s stock after acquiring an additional 26,993 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in SLB were worth $1,737,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares during the period. Bison Wealth LLC bought a new position in SLB in the 4th quarter worth approximately $238,000. Woodline Partners LP lifted its holdings in shares of SLB by 39.6% during the first quarter. Woodline Partners LP now owns 118,351 shares of the oil and gas company’s stock worth $4,947,000 after buying an additional 33,545 shares during the last quarter. Focus Partners Wealth boosted its position in shares of SLB by 13.8% in the first quarter. Focus Partners Wealth now owns 169,101 shares of the oil and gas company’s stock valued at $7,076,000 after acquiring an additional 20,463 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of SLB by 7.8% in the first quarter. Intech Investment Management LLC now owns 83,904 shares of the oil and gas company’s stock worth $3,507,000 after acquiring an additional 6,038 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Stock Performance

SLB stock opened at $45.20 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. SLB Limited has a twelve month low of $31.11 and a twelve month high of $45.24. The company has a market cap of $67.52 billion, a P/E ratio of 17.45 and a beta of 0.72. The business’s fifty day moving average is $38.05 and its 200-day moving average is $35.85.

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

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd were paid a $0.285 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 2.5%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SLB. TD Cowen upped their price objective on shares of SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. UBS Group increased their price objective on shares of SLB from $44.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Cowen reissued a “buy” rating and issued a $57.00 target price on shares of SLB in a report on Thursday, December 11th. Barclays cut their price target on shares of SLB from $48.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.42.

Insider Activity

In related news, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total value of $197,010.00. Following the sale, the director owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. This trade represents a 22.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the completion of the sale, the executive vice president owned 159,371 shares in the company, valued at $6,006,692.99. The trade was a 27.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 103,947 shares of company stock worth $3,871,337 over the last three months. Corporate insiders own 0.22% of the company’s stock.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.