Smithfield Trust Co Has $291,000 Holdings in SLB Limited $SLB

Smithfield Trust Co grew its holdings in SLB Limited (NYSE:SLB) by 32.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,615 shares of the oil and gas company’s stock after purchasing an additional 2,129 shares during the period. Smithfield Trust Co’s holdings in SLB were worth $291,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. purchased a new stake in SLB in the 1st quarter worth approximately $33,000. Atticus Wealth Management LLC purchased a new position in shares of SLB during the 2nd quarter valued at $29,000. N.E.W. Advisory Services LLC acquired a new position in shares of SLB in the first quarter worth $40,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of SLB by 55.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in SLB by 51.4% during the second 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 last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SLB has been the topic of several research reports. Wells Fargo & Company lowered SLB from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. Melius Research assumed coverage on SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective on the stock. Citigroup raised their price objective on shares of SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. decreased their target price on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Finally, Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, SLB has a consensus rating of “Moderate Buy” and an average price target of $51.28.

SLB Stock Performance

NYSE:SLB opened at $36.28 on Friday. The firm has a market capitalization of $54.20 billion, a PE ratio of 14.01, a PEG ratio of 10.19 and a beta of 0.97. SLB Limited has a 1 year low of $31.11 and a 1 year high of $44.97. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $35.01 and its 200 day simple moving average is $34.74.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate 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. On average, sell-side analysts anticipate 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. Investors of record on Wednesday, December 3rd will be given 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 dividend yield of 3.1%. SLB’s dividend payout ratio (DPR) is 44.02%.

Insider Activity

In other news, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the sale, the executive vice president owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the insider directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

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.