Swiss National Bank Has $139.13 Million Holdings in SLB Limited $SLB

Swiss National Bank boosted its holdings in SLB Limited (NYSE:SLB) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,116,327 shares of the oil and gas company’s stock after acquiring an additional 133,500 shares during the quarter. Swiss National Bank owned 0.30% of SLB worth $139,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ABN AMRO Bank N.V. bought a new position in shares of SLB in the second quarter valued at approximately $532,000. Bank Julius Baer & Co. Ltd Zurich raised its position in SLB by 9.2% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,042 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 594 shares during the last quarter. Miller Financial Services LLC lifted its stake in SLB by 5.4% during the 2nd quarter. Miller Financial Services LLC now owns 10,739 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 547 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in SLB by 34.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 185,666 shares of the oil and gas company’s stock valued at $6,276,000 after acquiring an additional 47,316 shares in the last quarter. Finally, Empirical Finance LLC purchased a new position in SLB during the 2nd quarter worth $925,000. 81.99% of the stock is owned by institutional investors.

Insider Buying and Selling at SLB

In other SLB news, CFO Stephane Biguet sold 38,447 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the completion of the transaction, the chief financial officer owned 175,690 shares in the company, valued at $6,456,607.50. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Abdellah Merad sold 60,000 shares of the business’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 directly owned 159,371 shares in the company, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 138,174 shares of company stock valued at $5,107,677 over the last three months. 0.22% of the stock is currently owned by insiders.

SLB Trading Up 2.9%

NYSE:SLB opened at $36.22 on Friday. 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. The firm’s 50 day moving average is $35.03 and its 200 day moving average is $34.83. The stock has a market capitalization of $54.11 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last released its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (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 the consensus estimate of $8.99 billion. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Sell-side analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, December 3rd. SLB’s payout ratio is currently 44.02%.

Analysts Set New Price Targets

Several brokerages have recently commented on SLB. Rothschild & Co Redburn initiated coverage on shares of SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Zacks Research raised shares of SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group restated a “buy” rating and issued a $44.00 target price on shares of SLB in a research note on Tuesday, October 21st. Finally, Piper Sandler set a $42.00 price target on SLB and gave the company an “overweight” rating in a research report on Monday, October 20th. Two investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.