Los Angeles Capital Management LLC Has $6.57 Million Stake in SLB Limited $SLB

Los Angeles Capital Management LLC increased its position in SLB Limited (NYSE:SLB) by 155.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 194,488 shares of the oil and gas company’s stock after purchasing an additional 118,451 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SLB were worth $6,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of SLB by 478.8% during 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 acquiring an additional 39,474,501 shares during the period. Boston Partners raised its position in SLB by 27.7% in the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock worth $824,160,000 after purchasing an additional 4,300,222 shares in the last quarter. Northern Trust Corp raised 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 purchasing an additional 604,832 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in SLB by 22.8% during 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 purchasing an additional 1,667,203 shares during the period. Finally, Invesco Ltd. boosted its holdings in SLB by 3.8% during 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 purchasing an additional 281,937 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Trading Up 0.8%

SLB opened at $36.65 on Monday. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.97. The stock has a market capitalization of $54.75 billion, a PE ratio of 14.15, a PEG 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. The firm has a 50-day moving average price of $34.95 and a two-hundred day moving average price of $34.69.

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

SLB Announces Dividend

The company 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 $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio (DPR) is 44.02%.

Wall Street Analyst Weigh In

SLB has been the subject of a number of recent research reports. Wells Fargo & Company cut SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Melius Research began coverage on SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Rothschild & Co Redburn assumed coverage on shares of SLB in a research note on Monday, November 3rd. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Barclays increased their target price on shares of SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.28.

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of the company’s 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 transaction, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.22% of the stock is currently owned by insiders.

About SLB

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.