Hantz Financial Services Inc. Acquires 1,972 Shares of SLB Limited $SLB

Hantz Financial Services Inc. lifted its holdings in shares of SLB Limited (NYSE:SLB) by 411.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,451 shares of the oil and gas company’s stock after acquiring an additional 1,972 shares during the period. Hantz Financial Services Inc.’s holdings in SLB were worth $83,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Command Advisory Services Inc. lifted its position in shares of 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 buying an additional 477 shares during the period. Atticus Wealth Management LLC bought a new position in shares of SLB during the 2nd quarter worth approximately $29,000. Atlas Capital Advisors Inc. bought a new position in shares of SLB during the 1st quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. lifted 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 buying an additional 350 shares during the period. Finally, Park Square Financial Group LLC bought a new position in shares of SLB during the 1st quarter worth approximately $38,000. 81.99% of the stock is owned by institutional investors.

SLB Stock Down 2.4%

NYSE SLB opened at $36.12 on Wednesday. The stock has a fifty day moving average of $34.94 and a 200-day moving average of $34.64. The stock has a market capitalization of $53.96 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. SLB Limited has a 52 week low of $31.11 and a 52 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.

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

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be paid a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio (DPR) is 44.02%.

Insider Activity at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of SLB 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 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on SLB. JPMorgan Chase & Co. cut their target price on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Melius started coverage on SLB in a research report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective for the company. Wells Fargo & Company downgraded SLB from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. UBS Group reiterated a “buy” rating and issued a $44.00 price objective on shares of SLB in a research report on Tuesday, October 21st. Finally, Susquehanna cut their price objective on SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, SLB has a consensus rating of “Moderate Buy” and an average target price of $51.28.

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.