Forvis Mazars Wealth Advisors LLC Has $202,000 Holdings in SLB Limited $SLB

Forvis Mazars Wealth Advisors LLC grew its stake in SLB Limited (NYSE:SLB) by 15.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,971 shares of the oil and gas company’s stock after buying an additional 819 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in SLB were worth $202,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Sigma Investment Counselors Inc. lifted its position in shares of SLB by 8.6% during the 2nd quarter. Sigma Investment Counselors Inc. now owns 65,097 shares of the oil and gas company’s stock worth $2,200,000 after purchasing an additional 5,165 shares during the last quarter. BKM Wealth Management LLC lifted its position in shares of SLB by 14.2% during the 2nd quarter. BKM Wealth Management LLC now owns 18,009 shares of the oil and gas company’s stock worth $609,000 after purchasing an additional 2,236 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in shares of SLB by 11.8% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,362 shares of the oil and gas company’s stock worth $621,000 after purchasing an additional 1,934 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its position in shares of SLB by 6.8% during the 2nd quarter. Smithbridge Asset Management Inc. DE now owns 30,749 shares of the oil and gas company’s stock worth $1,039,000 after purchasing an additional 1,969 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of SLB by 10.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,056,967 shares of the oil and gas company’s stock worth $70,204,000 after purchasing an additional 191,205 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SLB. JPMorgan Chase & Co. cut their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday. Piper Sandler set a $42.00 price objective on SLB and gave the stock an “overweight” rating in a research report on Monday. UBS Group cut their price objective on SLB from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Melius started coverage on SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target on the stock. Finally, Jefferies Financial Group lowered their price target on SLB from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, SLB has an average rating of “Moderate Buy” and a consensus target price of $52.00.

SLB Trading Up 2.4%

Shares of SLB opened at $33.43 on Tuesday. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.97. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $49.92 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 9.13 and a beta of 0.97. The stock’s 50-day moving average price is $34.51 and its 200 day moving average price is $34.49.

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

SLB Dividend Announcement

The business also recently disclosed 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. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, December 3rd. SLB’s dividend payout ratio is currently 44.02%.

About SLB

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.