SLB Limited $SLB Holdings Trimmed by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. trimmed its stake in shares of SLB Limited (NYSE:SLB) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,429 shares of the oil and gas company’s stock after selling 308 shares during the period. Huntleigh Advisors Inc.’s holdings in SLB were worth $454,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. First Command Advisory Services Inc. raised its stake in shares of SLB by 300.0% during the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after purchasing an additional 477 shares in the last quarter. Atticus Wealth Management LLC acquired a new stake in SLB in the 2nd quarter valued at approximately $29,000. Atlas Capital Advisors Inc. acquired a new stake in SLB in the 1st quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SLB by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 350 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in shares of SLB during the 1st quarter worth approximately $34,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on SLB shares. Melius Research initiated coverage on SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price for the company. Melius began coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price for the company. Atb Cap Markets upgraded SLB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 1st. Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, JPMorgan Chase & Co. decreased their target price on SLB from $46.00 to $44.00 and set an “overweight” rating for the company in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $52.00.

SLB Price Performance

SLB stock opened at $32.58 on Friday. The company has a market capitalization of $48.66 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 9.11 and a beta of 0.97. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The company has a current ratio of 1.31, a quick ratio of 0.98 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $34.49 and its 200-day moving average is $34.53.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The business 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 20.99% and a net margin of 11.53%.The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.89 earnings per share. Equities research analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders 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 dividend yield of 3.5%. SLB’s dividend payout ratio (DPR) is 44.02%.

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company 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.