AlTi Global Inc. Has $1.29 Million Stock Holdings in SLB Limited $SLB

AlTi Global Inc. lessened its position in SLB Limited (NYSE:SLB) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,378 shares of the oil and gas company’s stock after selling 946 shares during the quarter. AlTi Global Inc.’s holdings in SLB were worth $1,287,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Command Advisory Services Inc. raised its position 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 buying an additional 477 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in SLB in the 1st quarter valued at approximately $33,000. Alpine Bank Wealth Management acquired a new stake in SLB in the 1st quarter valued at approximately $34,000. Atticus Wealth Management LLC acquired a new stake in SLB in the 2nd quarter valued at approximately $29,000. Finally, Park Square Financial Group LLC acquired a new stake in SLB in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SLB. Piper Sandler set a $42.00 price target on SLB and gave the company an “overweight” rating in a research note on Monday. Atb Cap Markets upgraded SLB from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 1st. Melius Research began coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target for the company. Barclays raised their price target on SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Melius began coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.69.

SLB Stock Performance

Shares of NYSE SLB opened at $35.84 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.01 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 $44.97. The stock has a 50 day moving average of $34.66 and a 200-day moving average of $34.53. The company has a market capitalization of $53.54 billion, a P/E ratio of 13.84, a P/E/G ratio of 9.96 and a beta of 0.97.

SLB (NYSE:SLB) last issued its earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the company posted $0.89 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, equities research analysts predict that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, December 3rd. SLB’s payout ratio is currently 44.02%.

Insider Activity at SLB

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction 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 completion of the transaction, the insider directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. The trade was a 16.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.

SLB Company 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.