Stephens Inc. AR Decreases Stock Holdings in SLB Limited $SLB

Stephens Inc. AR lowered its stake in shares of SLB Limited (NYSE:SLB) by 16.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,619 shares of the oil and gas company’s stock after selling 5,218 shares during the period. Stephens Inc. AR’s holdings in SLB were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SLB. Brighton Jones LLC boosted its holdings in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after buying an additional 1,166 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of SLB in the fourth quarter valued at about $238,000. GAMMA Investing LLC lifted its holdings in shares of SLB by 45.5% in the first quarter. GAMMA Investing LLC now owns 21,671 shares of the oil and gas company’s stock valued at $906,000 after purchasing an additional 6,778 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of SLB by 6.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 132,533 shares of the oil and gas company’s stock valued at $5,540,000 after purchasing an additional 8,060 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of SLB in the first quarter valued at about $201,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

SLB Stock Performance

NYSE:SLB opened at $35.84 on Friday. The firm has a 50 day simple moving average of $34.66 and a 200-day simple moving average of $34.53. 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 firm has a market cap of $53.54 billion, a PE ratio of 13.84, a P/E/G ratio of 9.96 and a beta of 0.97. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.97.

SLB (NYSE:SLB) last posted its quarterly earnings data 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 business had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same quarter in the previous year, the business posted $0.89 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. On average, equities analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

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 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 yield of 3.2%. SLB’s dividend payout ratio is 44.02%.

Wall Street Analysts Forecast Growth

SLB has been the topic of several recent research reports. Zacks Research raised shares of SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Wells Fargo & Company downgraded shares of SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. JPMorgan Chase & Co. reduced their price target on shares of SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Melius Research started coverage on shares of SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target on the stock. Finally, Barclays boosted their price objective on shares of SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

About SLB

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.