apricus wealth LLC Decreases Position in SLB Limited $SLB

apricus wealth LLC trimmed its holdings in shares of SLB Limited (NYSE:SLB) by 4.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,805 shares of the oil and gas company’s stock after selling 4,460 shares during the quarter. SLB accounts for about 1.7% of apricus wealth LLC’s portfolio, making the stock its 24th largest position. apricus wealth LLC’s holdings in SLB were worth $2,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after acquiring an additional 1,166 shares in the last quarter. Bison Wealth LLC acquired a new position in SLB during the 4th quarter valued at approximately $238,000. GAMMA Investing LLC raised its holdings in shares of SLB by 45.5% in the first quarter. GAMMA Investing LLC now owns 21,671 shares of the oil and gas company’s stock worth $906,000 after buying an additional 6,778 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SLB by 14.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 169,944 shares of the oil and gas company’s stock worth $7,104,000 after buying an additional 21,680 shares during the period. Finally, Advisor Resource Council acquired a new stake in SLB during the 1st quarter worth about $586,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SLB shares. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Melius Research began coverage on shares of SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Jefferies Financial Group cut their price objective on shares of SLB from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, June 26th. Atb Cap Markets upgraded shares of SLB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. Finally, Piper Sandler set a $42.00 price target on shares of SLB and gave the company an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

SLB Stock Up 2.4%

SLB opened at $33.43 on Tuesday. The stock has a market capitalization of $49.92 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 9.13 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 company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The company has a fifty day moving average of $34.51 and a two-hundred day moving average of $34.49.

SLB (NYSE:SLB) last issued its quarterly 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. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. SLB’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, December 3rd. SLB’s dividend payout ratio is 44.02%.

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.