SS&H Financial Advisors Inc. Acquires 5,260 Shares of SLB Limited $SLB

SS&H Financial Advisors Inc. grew its holdings in shares of SLB Limited (NYSE:SLB) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,686 shares of the oil and gas company’s stock after acquiring an additional 5,260 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in SLB were worth $1,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Cambiar Investors LLC boosted its stake in shares of SLB by 261.8% in the 2nd quarter. Cambiar Investors LLC now owns 1,309,803 shares of the oil and gas company’s stock valued at $44,271,000 after purchasing an additional 947,773 shares in the last quarter. Versor Investments LP acquired a new position in SLB during the 2nd quarter worth approximately $209,000. Welch & Forbes LLC lifted its stake in SLB by 8.7% in the 2nd quarter. Welch & Forbes LLC now owns 11,880 shares of the oil and gas company’s stock valued at $402,000 after purchasing an additional 950 shares during the last quarter. Plato Investment Management Ltd boosted its position in SLB by 8.3% in the second quarter. Plato Investment Management Ltd now owns 92,146 shares of the oil and gas company’s stock valued at $3,103,000 after buying an additional 7,062 shares in the last quarter. Finally, Hills Bank & Trust Co boosted its position in SLB by 6.7% in the second quarter. Hills Bank & Trust Co now owns 39,265 shares of the oil and gas company’s stock valued at $1,327,000 after buying an additional 2,455 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Transactions at SLB

In related news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

SLB Stock Down 0.7%

Shares of NYSE:SLB opened at $36.06 on Friday. The firm has a market cap of $53.87 billion, a P/E ratio of 13.92, a P/E/G ratio of 10.19 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 business has a fifty day simple moving average of $34.90 and a 200 day simple moving average of $34.62. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40.

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

SLB Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Citigroup boosted their price objective on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Susquehanna cut their price target on SLB from $44.00 to $42.00 and set a “positive” rating on the stock in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. reduced their price target on SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, SLB presently has an average rating of “Moderate Buy” and a consensus target price of $51.69.

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.