112,710 Shares in SLB Limited $SLB Bought by Neo Ivy Capital Management

Neo Ivy Capital Management bought a new position in SLB Limited (NYSE:SLB) during the second quarter, Holdings Channel.com reports. The institutional investor bought 112,710 shares of the oil and gas company’s stock, valued at approximately $3,810,000. SLB comprises about 1.2% of Neo Ivy Capital Management’s holdings, making the stock its 2nd biggest holding.

A number of other large investors have also recently modified their holdings of SLB. Atticus Wealth Management LLC bought a new stake in SLB during the second quarter valued at approximately $29,000. Atlas Capital Advisors Inc. purchased a new position in SLB in the first quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. grew its position in SLB by 55.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. NewSquare Capital LLC raised its position in SLB by 51.4% during the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 341 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in SLB during the first quarter worth about $40,000. Institutional investors own 81.99% of the company’s stock.

SLB Stock Performance

NYSE:SLB opened at $35.18 on Friday. 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 Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The firm has a market cap of $52.56 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. The business has a 50 day moving average price of $35.02 and a 200-day moving average price of $34.81.

SLB (NYSE:SLB) last posted 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 company had revenue of $8.93 billion during 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%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Equities research analysts predict that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The firm 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 $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. SLB’s dividend payout ratio (DPR) is presently 44.02%.

Insider Activity at SLB

In related news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction on 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 owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade 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. Also, EVP Abdellah Merad sold 60,000 shares of the company’s 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 of the company’s stock, valued at $6,006,692.99. This trade represents a 27.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 138,174 shares of company stock worth $5,107,677 in the last 90 days. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

SLB has been the topic of a number of research reports. Citigroup raised their price objective on SLB from $46.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. Redburn Partners set a $48.00 price target on shares of SLB in a research report on Monday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Melius assumed coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Zacks Research raised shares of SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued 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 $51.28.

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.