Waverton Investment Management Ltd Has $83.11 Million Holdings in SLB Limited $SLB

Waverton Investment Management Ltd increased its holdings in shares of SLB Limited (NYSE:SLB) by 4.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,460,644 shares of the oil and gas company’s stock after buying an additional 115,645 shares during the quarter. SLB accounts for approximately 1.1% of Waverton Investment Management Ltd’s holdings, making the stock its 25th largest holding. Waverton Investment Management Ltd owned 0.18% of SLB worth $83,108,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. First Command Advisory Services Inc. raised its stake in shares of SLB by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 477 shares during the period. Atticus Wealth Management LLC acquired a new stake in shares of SLB in the 2nd quarter valued at about $29,000. Atlas Capital Advisors Inc. acquired a new stake in shares of SLB in the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SLB by 55.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 350 shares during the period. Finally, NewSquare Capital LLC raised its stake in shares of SLB by 51.4% in the 2nd 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 during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction dated 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 transaction, the insider owned 202,201 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

SLB Price Performance

Shares of NYSE SLB opened at $36.54 on Thursday. The stock has a market capitalization of $54.59 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 10.19 and a beta of 0.97. The business has a 50-day moving average of $34.95 and a 200-day moving average of $34.66. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97.

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, 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 business had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter last year, the company posted $0.89 earnings per share. SLB’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm 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 dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.1%. SLB’s dividend payout ratio (DPR) is presently 44.02%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Rothschild Redb raised SLB to a “strong-buy” rating in a research note on Monday. UBS Group reissued a “buy” rating and issued a $44.00 price target on shares of SLB in a research note on Tuesday, October 21st. Melius Research assumed coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.