Versor Investments LP Takes Position in SLB Limited $SLB

Versor Investments LP acquired a new position in shares of SLB Limited (NYSE:SLB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,197 shares of the oil and gas company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in SLB by 478.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock worth $1,994,674,000 after buying an additional 39,474,501 shares in the last quarter. Boston Partners lifted its holdings in shares of SLB by 27.7% during the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock worth $824,160,000 after acquiring an additional 4,300,222 shares during the last quarter. Northern Trust Corp grew its position in SLB by 4.4% in the first quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock worth $602,860,000 after acquiring an additional 604,832 shares in the last quarter. Dimensional Fund Advisors LP grew its position in SLB by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock worth $375,738,000 after acquiring an additional 1,667,203 shares in the last quarter. Finally, Invesco Ltd. increased its stake in SLB by 3.8% in the first quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock valued at $320,154,000 after acquiring an additional 281,937 shares during the last quarter. 81.99% of the stock is owned by hedge funds and other institutional investors.

SLB Trading Up 0.8%

NYSE SLB opened at $36.65 on Friday. The stock has a market cap of $54.75 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The stock has a 50 day simple moving average of $34.95 and a two-hundred day simple moving average of $34.68. 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 (NYSE:SLB) last issued its quarterly earnings data 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 net margin of 10.34% and a return on equity of 18.97%. 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 business earned $0.89 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts forecast 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 given a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.1%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Insider Activity at SLB

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

Analyst Ratings Changes

A number of research firms have recently issued reports on SLB. Redburn Partners set a $48.00 price objective on SLB in a report on Monday. JPMorgan Chase & Co. dropped their target price on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Melius Research assumed coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and an average price target of $51.28.

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.