SLB Limited $SLB Stake Raised by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in SLB Limited (NYSE:SLB) by 10.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 378,531 shares of the oil and gas company’s stock after purchasing an additional 36,562 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in SLB were worth $14,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in SLB by 4.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,141,868 shares of the oil and gas company’s stock valued at $126,303,000 after buying an additional 128,660 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in SLB during the third quarter valued at about $3,334,000. Cibc World Market Inc. boosted its stake in SLB by 48.7% in the 4th quarter. Cibc World Market Inc. now owns 1,367,063 shares of the oil and gas company’s stock worth $52,468,000 after purchasing an additional 447,667 shares during the period. Oppenheimer & Co. Inc. boosted its stake in SLB by 65.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 205,796 shares of the oil and gas company’s stock worth $7,898,000 after purchasing an additional 81,045 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in SLB by 2.5% in the 4th quarter. Principal Financial Group Inc. now owns 1,719,469 shares of the oil and gas company’s stock worth $65,993,000 after purchasing an additional 42,212 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SLB shares. BMO Capital Markets raised their price objective on shares of SLB from $55.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of SLB in a research note on Sunday, April 26th. JPMorgan Chase & Co. raised their price objective on shares of SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of SLB in a research note on Monday, April 27th. Finally, Morgan Stanley set a $57.00 price objective on shares of SLB in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.67.

Insider Activity

In related news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the sale, the director directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.16% of the company’s stock.

SLB Trading Down 1.3%

NYSE:SLB opened at $55.80 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $58.82. The stock’s 50-day moving average is $54.35 and its two-hundred day moving average is $48.17. The stock has a market cap of $83.42 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 2.29 and a beta of 0.70.

SLB (NYSE:SLB) last released its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter in the previous year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts forecast that SLB Limited will post 2.62 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s payout ratio is 51.53%.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.