Heritage Investors Management Corp Has $8.97 Million Stock Holdings in SLB Limited $SLB

Heritage Investors Management Corp raised its holdings in SLB Limited (NYSE:SLB) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,317 shares of the oil and gas company’s stock after buying an additional 7,915 shares during the period. Heritage Investors Management Corp’s holdings in SLB were worth $8,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Legacy Wealth Asset Management LLC lifted its stake in shares of SLB by 2.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock valued at $486,000 after buying an additional 308 shares in the last quarter. EntryPoint Capital LLC boosted its stake 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 valued at $307,000 after purchasing an additional 316 shares during the last quarter. Horizon Investments LLC boosted its stake 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 valued at $946,000 after purchasing an additional 330 shares during the last quarter. CreativeOne Wealth LLC boosted its stake 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 valued at $236,000 after purchasing an additional 335 shares during the last quarter. Finally, Forza Wealth Management LLC boosted its stake 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 valued at $266,000 after purchasing an additional 350 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

SLB Price Performance

Shares of NYSE SLB opened at $36.80 on Thursday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The stock’s 50 day moving average price is $34.84 and its 200-day moving average price is $34.58. The company has a market capitalization of $54.98 billion, a PE ratio of 14.21, a PEG ratio of 9.92 and a beta of 0.97. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40.

SLB (NYSE:SLB) last announced its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share 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 firm had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. On average, equities analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

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 issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s payout ratio is 44.02%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SLB. Stifel Nicolaus cut their price target on SLB from $54.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, July 16th. Piper Sandler set a $42.00 price target on SLB and gave the company an “overweight” rating in a research note on Monday, October 20th. Citigroup lifted their price target on SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, October 21st. Barclays lifted their price target on SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.69.

Insider Activity at SLB

In related news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction that occurred 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 sale, the insider owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.22% of the company’s stock.

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.