New Hampshire Trust Has $267,000 Stock Holdings in SLB Limited $SLB

New Hampshire Trust lifted its position in SLB Limited (NYSE:SLB) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,901 shares of the oil and gas company’s stock after acquiring an additional 745 shares during the period. New Hampshire Trust’s holdings in SLB were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Legacy Wealth Asset Management LLC raised its holdings in SLB by 2.2% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock worth $486,000 after buying an additional 308 shares during the period. EntryPoint Capital LLC raised its holdings in SLB by 4.5% during the 1st quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock worth $307,000 after buying an additional 316 shares during the period. Horizon Investments LLC raised its holdings in SLB by 1.5% during the 1st quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company’s stock worth $946,000 after buying an additional 330 shares during the period. CreativeOne Wealth LLC raised its holdings in SLB by 6.3% during the 1st quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock worth $236,000 after buying an additional 335 shares during the period. Finally, Forza Wealth Management LLC raised its holdings in SLB by 5.8% during the 1st quarter. Forza Wealth Management LLC now owns 6,374 shares of the oil and gas company’s stock worth $266,000 after buying an additional 350 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 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 of the company’s stock, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

SLB Price Performance

Shares of SLB opened at $35.84 on Monday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $34.66 and a 200-day moving average of $34.54. The stock has a market capitalization of $53.55 billion, a P/E ratio of 13.84, a P/E/G ratio of 9.92 and a beta of 0.97.

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 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 analysts’ expectations of $8.99 billion. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue was down 2.5% on a year-over-year basis. As a group, equities research analysts forecast that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The company 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 currently 44.02%.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research analyst reports. Barclays raised their target price on shares of SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a report on Monday, October 20th. Melius Research initiated coverage on shares of SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price on the stock. Stifel Nicolaus decreased their price target on shares of SLB from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Finally, Melius initiated coverage on shares of SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $51.69.

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.