Valeo Financial Advisors LLC Boosts Stake in SLB Limited $SLB

Valeo Financial Advisors LLC boosted its position in SLB Limited (NYSE:SLB) by 76.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,606 shares of the oil and gas company’s stock after purchasing an additional 10,253 shares during the period. Valeo Financial Advisors LLC’s holdings in SLB were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Norman Fields Gottscho Capital Management LLC lifted its stake in shares of SLB by 142.4% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 16,485 shares of the oil and gas company’s stock worth $766,000 after acquiring an additional 9,685 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in SLB by 88.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,271 shares of the oil and gas company’s stock valued at $106,000 after acquiring an additional 1,065 shares during the period. Chesley Taft & Associates LLC grew its position in SLB by 6.2% in the 2nd quarter. Chesley Taft & Associates LLC now owns 30,187 shares of the oil and gas company’s stock valued at $1,403,000 after acquiring an additional 1,774 shares during the last quarter. TrueWealth Advisors LLC grew its position in SLB by 6.0% in the 2nd quarter. TrueWealth Advisors LLC now owns 7,553 shares of the oil and gas company’s stock valued at $351,000 after acquiring an additional 427 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in SLB by 33.3% in the second quarter. FNY Investment Advisers LLC now owns 2,000 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Price Performance

Shares of SLB opened at $53.07 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44. The company has a 50 day moving average price of $49.81 and a 200-day moving average price of $50.98. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $58.82. The stock has a market capitalization of $78.76 billion, a PE ratio of 25.64, a PEG ratio of 3.34 and a beta of 0.73.

SLB (NYSE:SLB) last issued its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $8.67 billion. SLB had a net margin of 8.53% and a return on equity of 14.05%. SLB’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.74 earnings per share. Equities analysts predict that SLB Limited will post 2.5 earnings per share for the current fiscal year.

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 2nd. SLB’s payout ratio is presently 57.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets lifted their target price on SLB from $59.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. JPMorgan Chase & Co. upped their price target on shares of SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Stifel Nicolaus raised their price target on shares of SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Susquehanna lifted their price objective on shares of SLB from $55.00 to $62.00 and gave the company a “positive” rating in a report on Monday, July 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 price objective on shares of SLB in a research report on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.35.

SLB Company 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.