BLB&B Advisors LLC Has $269,000 Stock Position in SLB Limited $SLB

BLB&B Advisors LLC reduced its stake in shares of SLB Limited (NYSE:SLB) by 8.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,948 shares of the oil and gas company’s stock after selling 750 shares during the period. BLB&B Advisors LLC’s holdings in SLB were worth $269,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Command Advisory Services Inc. increased its holdings in 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. Atlas Capital Advisors Inc. bought a new stake in SLB during the 1st quarter worth approximately $33,000. Atticus Wealth Management LLC bought a new stake in SLB during the 2nd quarter worth approximately $29,000. Park Square Financial Group LLC bought a new stake in SLB during the 1st quarter worth approximately $38,000. Finally, N.E.W. Advisory Services LLC bought a new stake in SLB during the 1st quarter worth approximately $40,000. 81.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction 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 represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

SLB has been the subject of a number of recent research reports. Barclays boosted their price objective on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. decreased their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Melius Research started coverage on SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price for the company. Finally, Stifel Nicolaus reduced their target price on SLB from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.69.

SLB Price Performance

Shares of NYSE SLB opened at $36.06 on Friday. The stock has a fifty day simple moving average of $34.90 and a two-hundred day simple moving average of $34.61. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.97. The firm has a market cap of $53.87 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. 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 (NYSE:SLB) last announced 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 business had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period in the prior year, the company earned $0.89 earnings per share. SLB’s revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

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

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.