iSAM Funds UK Ltd Takes $696,000 Position in SLB Limited $SLB

iSAM Funds UK Ltd acquired a new stake in shares of SLB Limited (NYSE:SLB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,593 shares of the oil and gas company’s stock, valued at approximately $696,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lombard Odier Asset Management USA Corp grew its position in SLB by 24.2% during the second quarter. Lombard Odier Asset Management USA Corp now owns 26,693 shares of the oil and gas company’s stock valued at $902,000 after acquiring an additional 5,193 shares during the last quarter. London & Capital Asset Management Ltd bought a new stake in shares of SLB in the 2nd quarter worth approximately $30,542,000. Daiwa Securities Group Inc. boosted its stake in shares of SLB by 2.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 204,251 shares of the oil and gas company’s stock valued at $6,904,000 after purchasing an additional 4,515 shares in the last quarter. SVB Wealth LLC bought a new position in shares of SLB during the 2nd quarter valued at $2,079,000. Finally, L2 Asset Management LLC grew its holdings in shares of SLB by 401.5% during the 2nd quarter. L2 Asset Management LLC now owns 29,893 shares of the oil and gas company’s stock valued at $1,010,000 after purchasing an additional 23,932 shares during the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SLB shares. Redburn Partners set a $48.00 price target on shares of SLB in a research note on Monday, November 3rd. Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. UBS Group reiterated a “buy” rating and issued a $44.00 price objective on shares of SLB in a report on Tuesday, October 21st. Citigroup boosted their target price on SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Finally, Barclays increased their target price on SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.28.

SLB Stock Performance

Shares of NYSE:SLB opened at $39.95 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $35.64 and a 200-day moving average price of $35.05. The company has a market cap of $59.67 billion, a price-to-earnings ratio of 15.42 and a beta of 0.73. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.66.

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

SLB Announces Dividend

The firm 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 of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 2.9%. SLB’s payout ratio is 44.02%.

Insiders Place Their Bets

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the completion of the transaction, the director owned 18,671 shares of the company’s stock, valued at $668,795.22. This trade represents a 22.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 143,674 shares of company stock worth $5,304,687 in the last ninety days. 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.