Fiduciary Family Office LLC Sells 13,195 Shares of SLB Limited $SLB

Fiduciary Family Office LLC lowered its holdings in SLB Limited (NYSE:SLBFree Report) by 66.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,637 shares of the oil and gas company’s stock after selling 13,195 shares during the period. Fiduciary Family Office LLC’s holdings in SLB were worth $224,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. boosted its holdings in SLB by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 477 shares during the period. Atticus Wealth Management LLC bought a new stake in shares of SLB during the 2nd quarter worth approximately $29,000. Atlas Capital Advisors Inc. bought a new stake in shares of SLB during the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 350 shares during the period. Finally, Alpine Bank Wealth Management bought a new stake in shares of SLB during the 1st quarter worth approximately $34,000. Institutional investors own 81.99% of the company’s stock.

SLB Trading Up 0.2%

Shares of NYSE SLB opened at $33.51 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. SLB Limited has a 52-week low of $31.11 and a 52-week high of $44.97. The firm has a 50 day moving average price of $34.52 and a two-hundred day moving average price of $34.48. The stock has a market cap of $50.05 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 9.35 and a beta of 0.97.

SLB (NYSE:SLBGet Free Report) last announced its quarterly 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. SLB had a net margin of 10.34% and a return on equity of 18.97%. The firm had revenue of $8.93 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. As a group, equities analysts forecast that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The company 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 dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. SLB’s dividend payout ratio is 44.02%.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of research analyst reports. Susquehanna lowered their price target on SLB from $44.00 to $42.00 and set a “positive” rating for the company in a report on Monday, July 21st. Melius Research initiated coverage on SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target for the company. Piper Sandler set a $42.00 price target on SLB and gave the stock an “overweight” rating in a report on Monday. Citigroup increased their price objective on shares of SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, UBS Group reissued a “buy” rating and issued a $44.00 price objective on shares of SLB in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, SLB presently has an average rating of “Moderate Buy” and a consensus price target of $51.69.

Check Out Our Latest Report on SLB

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider directly owned 202,201 shares in the company, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.

About SLB

(Free Report)

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.

See Also

Want to see what other hedge funds are holding SLB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SLB Limited (NYSE:SLBFree Report).

Institutional Ownership by Quarter for SLB (NYSE:SLB)

Receive News & Ratings for SLB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SLB and related companies with MarketBeat.com's FREE daily email newsletter.