WealthTrust Axiom LLC Has $5.92 Million Holdings in SLB Limited $SLB

WealthTrust Axiom LLC lessened its holdings in shares of SLB Limited (NYSE:SLB) by 10.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 154,361 shares of the oil and gas company’s stock after selling 17,233 shares during the quarter. SLB makes up 1.5% of WealthTrust Axiom LLC’s investment portfolio, making the stock its 18th biggest holding. WealthTrust Axiom LLC’s holdings in SLB were worth $5,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SLB. Brighton Jones LLC lifted its holdings in SLB by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the period. Bison Wealth LLC acquired a new position in SLB in the fourth quarter valued at $238,000. Marshall Wace LLP acquired a new position in SLB in the second quarter valued at $8,628,000. Nebula Research & Development LLC lifted its holdings in SLB by 76.0% in the second quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after buying an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in SLB by 7.6% in the second quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 799 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

SLB stock opened at $56.03 on Monday. The stock has a market capitalization of $83.76 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.70. The company’s 50-day moving average is $54.64 and its 200-day moving average is $48.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. SLB Limited has a 1 year low of $31.64 and a 1 year high of $58.82.

SLB (NYSE:SLB) last released its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.72 EPS. Equities research analysts expect that SLB Limited will post 2.62 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s dividend payout ratio is 51.53%.

Insider Transactions at SLB

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the transaction, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SLB. Susquehanna boosted their target price on shares of SLB from $60.00 to $65.00 and gave the company a “positive” rating in a report on Monday, April 27th. Jefferies Financial Group restated a “buy” rating and issued a $65.00 target price on shares of SLB in a report on Sunday, April 26th. UBS Group boosted their target price on shares of SLB from $61.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus boosted their target price on shares of SLB from $56.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Citigroup upped their price objective on shares of SLB from $59.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.67.

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.