SLB Limited $SLB Shares Sold by Candriam S.C.A.

Candriam S.C.A. lowered its stake in SLB Limited (NYSE:SLB) by 9.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,405 shares of the oil and gas company’s stock after selling 22,395 shares during the period. Candriam S.C.A.’s holdings in SLB were worth $7,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey raised its holdings in SLB by 1.0% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 207,156 shares of the oil and gas company’s stock valued at $7,002,000 after acquiring an additional 2,010 shares in the last quarter. Renasant Bank acquired a new stake in shares of SLB in the 2nd quarter valued at $825,000. Quinn Opportunity Partners LLC lifted its position in shares of SLB by 13.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 87,000 shares of the oil and gas company’s stock worth $2,941,000 after purchasing an additional 10,000 shares during the last quarter. Montag A & Associates Inc. lifted its position in shares of SLB by 4.9% during the 2nd quarter. Montag A & Associates Inc. now owns 14,190 shares of the oil and gas company’s stock worth $484,000 after purchasing an additional 657 shares during the last quarter. Finally, S&CO Inc. grew its stake in shares of SLB by 35.0% during the second quarter. S&CO Inc. now owns 9,110 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 2,360 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Stock Performance

Shares of SLB opened at $36.95 on Friday. The company’s 50 day simple moving average is $35.03 and its 200-day simple moving average is $34.76. The firm has a market cap of $55.20 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. SLB Limited has a 12-month low of $31.11 and a 12-month 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.

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, beating the consensus estimate of $0.67 by $0.02. The firm had revenue of $8.93 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.89 EPS. As a group, equities analysts predict 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 dividend of $0.285 per share. The ex-dividend date of this dividend 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 currently 44.02%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SLB. Citigroup raised 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. Redburn Partners set a $48.00 target price on SLB in a research note on Monday, November 3rd. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Rothschild Redb raised shares of SLB to a “strong-buy” rating in a report on Monday, November 3rd. Finally, Melius initiated coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $51.28.

Insider Buying and Selling

In related news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 202,201 shares in the company, valued at $7,295,412.08. The trade was a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 value of $2,261,400.00. Following the sale, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. The trade was a 27.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 138,174 shares of company stock valued at $5,107,677 over the last quarter. 0.22% of the stock is currently owned by insiders.

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.