Grandfield & Dodd LLC Has $388,000 Stake in SLB Limited $SLB

Grandfield & Dodd LLC boosted its position in shares of SLB Limited (NYSE:SLB) by 23.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,471 shares of the oil and gas company’s stock after buying an additional 2,200 shares during the quarter. Grandfield & Dodd LLC’s holdings in SLB were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in SLB by 21.4% in the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new stake in SLB in the fourth quarter valued at approximately $238,000. CWM LLC raised its stake in SLB by 51.1% in the first quarter. CWM LLC now owns 48,535 shares of the oil and gas company’s stock valued at $2,029,000 after buying an additional 16,416 shares during the period. Sigma Planning Corp lifted its position in shares of SLB by 18.0% in the first quarter. Sigma Planning Corp now owns 12,494 shares of the oil and gas company’s stock valued at $523,000 after buying an additional 1,902 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of SLB by 79.0% during the 1st quarter. Victory Capital Management Inc. now owns 2,389,748 shares of the oil and gas company’s stock worth $99,891,000 after acquiring an additional 1,054,498 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Activity at SLB

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the sale, the executive vice president owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This represents a 27.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dianne B. Ralston sold 39,727 shares of SLB 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 $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. Over the last ninety days, insiders sold 138,174 shares of company stock worth $5,107,677. Company insiders own 0.22% of the company’s stock.

SLB Trading Up 1.8%

Shares of SLB stock opened at $36.95 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The firm has a 50-day moving average of $35.03 and a 200-day moving average of $34.76. SLB Limited has a 52-week low of $31.11 and a 52-week high of $44.97. The stock has a market cap of $55.20 billion, a PE ratio of 14.27, a PEG ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last released 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. The business had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. SLB’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.89 earnings per share. As a group, sell-side analysts forecast that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be given 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 is Wednesday, December 3rd. SLB’s payout ratio is presently 44.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company cut SLB from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 20th. UBS Group reiterated a “buy” rating and issued a $44.00 price objective on shares of SLB in a report on Tuesday, October 21st. Rothschild Redb raised shares of SLB to a “strong-buy” rating in a research report on Monday, November 3rd. Susquehanna cut their target price on shares of SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research note on Monday, July 21st. Finally, Redburn Partners set a $48.00 price target on shares of SLB in a research note on Monday, November 3rd. Two 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $51.28.

SLB 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.