Fiduciary Family Office LLC trimmed its position in shares of SLB Limited (NYSE:SLB – Free Report) by 66.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,637 shares of the oil and gas company’s stock after selling 13,195 shares during the quarter. Fiduciary Family Office LLC’s holdings in SLB were worth $224,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. EntryPoint Capital LLC raised its holdings in shares of SLB by 4.5% during the first quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock worth $307,000 after acquiring an additional 316 shares during the period. Horizon Investments LLC raised its holdings in shares of SLB by 1.5% during the first quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company’s stock worth $946,000 after acquiring an additional 330 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of SLB by 6.3% during the first quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock worth $236,000 after acquiring an additional 335 shares during the period. Forza Wealth Management LLC raised its holdings in shares of SLB by 5.8% during the first quarter. Forza Wealth Management LLC now owns 6,374 shares of the oil and gas company’s stock worth $266,000 after acquiring an additional 350 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SLB by 55.3% during the second 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 period. 81.99% of the stock is currently owned by institutional investors and hedge funds.
SLB Stock Up 0.2%
SLB stock opened at $33.51 on Wednesday. The company’s 50-day moving average price is $34.52 and its two-hundred day moving average price is $34.48. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The stock has a market cap of $50.05 billion, a P/E ratio of 12.94, a P/E/G ratio of 9.35 and a beta of 0.97. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97.
SLB Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.4%. SLB’s dividend payout ratio (DPR) is 44.02%.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on SLB shares. Atb Cap Markets upgraded shares of SLB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 1st. Melius started coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target on the stock. Citigroup lifted their price target on shares of SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Finally, Stifel Nicolaus lowered their price target on shares of SLB from $54.00 to $52.00 and set a “buy” rating on the stock in a research note on Wednesday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and an average price target of $51.69.
Get Our Latest Analysis on SLB
Insider Buying and Selling at SLB
In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction 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. Company insiders own 0.22% of the company’s stock.
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.
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