ST Germain D J Co. Inc. Has $28.21 Million Holdings in SLB Limited $SLB

ST Germain D J Co. Inc. raised its holdings in SLB Limited (NYSE:SLB) by 10.2% in the third quarter, Holdings Channel reports. The fund owned 820,784 shares of the oil and gas company’s stock after acquiring an additional 75,908 shares during the period. SLB accounts for about 1.1% of ST Germain D J Co. Inc.’s portfolio, making the stock its 29th biggest position. ST Germain D J Co. Inc.’s holdings in SLB were worth $28,210,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of SLB by 14.2% in the second quarter. Vanguard Group Inc. now owns 150,317,566 shares of the oil and gas company’s stock valued at $5,080,734,000 after buying an additional 18,672,021 shares during the period. Franklin Resources Inc. lifted its position in SLB by 30.4% in the 2nd quarter. Franklin Resources Inc. now owns 20,233,749 shares of the oil and gas company’s stock valued at $683,901,000 after acquiring an additional 4,719,852 shares in the last quarter. Norges Bank acquired a new position in SLB in the 2nd quarter worth $618,697,000. Northern Trust Corp increased its holdings in SLB by 4.4% during the 1st quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock worth $602,860,000 after purchasing an additional 604,832 shares in the last quarter. Finally, Amundi raised its stake in shares of SLB by 29.9% in the 2nd quarter. Amundi now owns 11,415,740 shares of the oil and gas company’s stock valued at $409,939,000 after purchasing an additional 2,624,679 shares during the period. Institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In related news, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total transaction of $197,010.00. Following the completion of the sale, the director owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. The trade was a 22.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stephane Biguet sold 38,447 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the completion of the transaction, the chief financial officer directly owned 175,690 shares in the company, valued at approximately $6,456,607.50. This represents a 17.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 103,947 shares of company stock valued at $3,871,337 over the last ninety days. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SLB shares. TD Cowen upped their price objective on SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Melius began coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price on the stock. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a report on Monday, November 3rd. UBS Group boosted their price target on shares of SLB from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Rothschild & Co Redburn assumed coverage on SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, SLB has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

SLB Stock Performance

Shares of SLB stock opened at $37.64 on Wednesday. The stock has a market cap of $56.23 billion, a P/E ratio of 14.53 and a beta of 0.73. The company has a fifty day moving average price of $36.02 and a two-hundred day moving average price of $35.21. SLB Limited has a one year low of $31.11 and a one year high of $44.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01.

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

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be issued 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 3.0%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

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.