Live Oak Private Wealth LLC Has $7.74 Million Stake in SLB Limited $SLB

Live Oak Private Wealth LLC grew its holdings in SLB Limited (NYSE:SLB) by 22.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 225,041 shares of the oil and gas company’s stock after purchasing an additional 40,540 shares during the quarter. Live Oak Private Wealth LLC’s holdings in SLB were worth $7,735,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SLB. KW Wealth Management LLC acquired a new stake in shares of SLB in the third quarter valued at $242,000. Everpar Advisors LLC bought a new stake in SLB during the 3rd quarter worth about $312,000. Perigon Wealth Management LLC increased its position in SLB by 4.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 25,956 shares of the oil and gas company’s stock valued at $892,000 after acquiring an additional 999 shares in the last quarter. Sapient Capital LLC bought a new position in shares of SLB in the third quarter worth about $277,000. Finally, Bard Financial Services Inc. raised its stake in shares of SLB by 53.0% in the third quarter. Bard Financial Services Inc. now owns 14,000 shares of the oil and gas company’s stock worth $481,000 after acquiring an additional 4,850 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Stock Down 0.5%

NYSE:SLB opened at $37.78 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.66. The stock’s fifty day simple moving average is $36.89 and its 200-day simple moving average is $35.44. The firm has a market capitalization of $56.43 billion, a P/E ratio of 14.59 and a beta of 0.73.

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 analysts’ consensus estimates of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The business had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. Equities research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.0%. SLB’s dividend payout ratio is 44.02%.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research analyst reports. Citigroup increased their price target on shares of SLB from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Redburn Partners set a $48.00 price objective on SLB in a research report on Monday, November 3rd. Cowen reissued a “buy” rating and issued a $57.00 target price on shares of SLB in a research note on Thursday, December 11th. Barclays cut their price target on SLB from $48.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.42.

Insider Activity at SLB

In other SLB news, CFO Stephane Biguet sold 38,447 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,456,607.50. This represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the sale, the executive vice president owned 159,371 shares in the company, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 103,947 shares of company stock worth $3,871,337 in the last ninety days. Company insiders own 0.22% of the company’s stock.

SLB Company Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.