SLB Limited $SLB Shares Acquired by Creative Planning

Creative Planning lifted its position in shares of SLB Limited (NYSE:SLB) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 254,211 shares of the oil and gas company’s stock after buying an additional 40,591 shares during the quarter. Creative Planning’s holdings in SLB were worth $8,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of SLB by 478.8% during the 1st 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 purchasing an additional 39,474,501 shares during the period. Boston Partners increased its stake in SLB by 27.7% in 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 last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in SLB by 211.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,992,997 shares of the oil and gas company’s stock valued at $250,507,000 after purchasing an additional 4,066,500 shares during the last quarter. Nuveen LLC purchased a new position in SLB during the first quarter worth about $169,232,000. Finally, Banque Transatlantique SA boosted its stake in 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 worth $71,821,000 after buying an additional 1,850,760 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

SLB Stock Performance

Shares of SLB stock opened at $36.03 on Wednesday. The company’s fifty day simple moving average is $35.04 and its 200-day simple moving average is $34.80. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.97. The company has a market cap of $53.83 billion, a PE ratio of 13.91, a P/E/G ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last released its quarterly earnings data 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 return on equity of 18.97% and a net margin of 10.34%.The company had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the company posted $0.89 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

SLB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be given a $0.285 dividend. 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 (DPR) is 44.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SLB shares. Barclays increased their price objective on shares of SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. UBS Group reaffirmed a “buy” rating and set a $44.00 price target on shares of SLB in a research note on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Melius initiated coverage on SLB in a research report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $51.28.

Insider Activity

In related news, CFO Stephane Biguet sold 38,447 shares of SLB stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the completion of the sale, the chief financial officer owned 175,690 shares in the company, valued at approximately $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,433,350.16. Following the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold 138,174 shares of company stock worth $5,107,677 over the last 90 days. Company insiders own 0.22% of the company’s stock.

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.