Francis Financial Inc. Sells 1,566 Shares of SLB Limited $SLB

Francis Financial Inc. lessened its position in shares of SLB Limited (NYSE:SLB) by 20.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,262 shares of the oil and gas company’s stock after selling 1,566 shares during the quarter. Francis Financial Inc.’s holdings in SLB were worth $212,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. First Command Advisory Services Inc. grew 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 acquiring an additional 477 shares during the period. Atticus Wealth Management LLC bought a new position in SLB during the second quarter worth $29,000. Atlas Capital Advisors Inc. acquired a new position in shares of SLB during the first quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 350 shares in the last quarter. Finally, NewSquare Capital LLC grew its stake in shares of SLB by 51.4% in the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after buying an additional 341 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Trading Down 4.1%

Shares of SLB stock opened at $36.06 on Thursday. The firm has a market cap of $53.87 billion, a PE ratio of 13.92, a P/E/G ratio of 10.19 and a beta of 0.97. The stock has a fifty day moving average price of $35.00 and a 200-day moving average price of $34.73. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB Limited has a 1 year low of $31.11 and a 1 year high of $44.97.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Redburn Partners set a $48.00 price target on SLB in a report on Monday, November 3rd. Barclays lifted their price target on shares of SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Melius Research initiated coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective on the stock. Wells Fargo & Company lowered shares of SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Finally, Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two research 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 company’s stock. According to data from MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and an average target price of $51.28.

Insiders Place Their Bets

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the transaction, the executive vice president owned 159,371 shares in the company, valued at approximately $6,006,692.99. This represents a 27.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction dated 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 sale, the insider directly owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.