Monograph Wealth Advisors LLC Acquires Shares of 15,701 SLB Limited $SLB

Monograph Wealth Advisors LLC bought a new position in SLB Limited (NYSE:SLB) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,701 shares of the oil and gas company’s stock, valued at approximately $807,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Evergreen Advisors LLC purchased a new position in SLB in the 1st quarter worth about $26,000. MV Capital Management Inc. purchased a new stake in SLB in the 4th quarter valued at about $28,000. Strategic Wealth Advisors LLC bought a new position in SLB in the 4th quarter worth about $30,000. Costello Asset Management INC grew its stake in SLB by 93.3% in the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 280 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SLB during the fourth quarter worth approximately $31,000. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SLB

In related news, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of the sale, the director directly owned 16,953 shares in the company, valued at $921,056.49. This represents a 10.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SLB has been the subject of several research analyst reports. Weiss Ratings downgraded shares of SLB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Susquehanna dropped their price objective on SLB from $65.00 to $55.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. JPMorgan Chase & Co. raised their price objective on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. BMO Capital Markets lifted their target price on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $54.00 target price on shares of SLB in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and an average target price of $60.30.

SLB Trading Up 2.4%

NYSE:SLB opened at $47.72 on Thursday. The firm has a 50-day simple moving average of $51.39 and a 200-day simple moving average of $50.49. SLB Limited has a one year low of $31.64 and a one year high of $58.82. The firm has a market cap of $71.34 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.88 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34.

SLB (NYSE:SLB) last released its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. Equities analysts anticipate that SLB Limited will post 2.52 EPS for the current fiscal year.

About SLB

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.