GTS Securities LLC Purchases Shares of 20,017 SLB Limited $SLB

GTS Securities LLC purchased a new position in shares of SLB Limited (NYSE:SLB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,017 shares of the oil and gas company’s stock, valued at approximately $931,000.

Other large investors also recently modified their holdings of the company. Evergreen Advisors LLC purchased a new stake in shares of SLB during the 1st quarter worth about $26,000. MV Capital Management Inc. acquired a new stake in SLB during the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC purchased a new position in SLB in the fourth quarter valued at approximately $30,000. Costello Asset Management INC raised its holdings in SLB by 93.3% in the first quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 280 shares during the period. Finally, Lloyd Advisory Services LLC. acquired a new position in SLB during the fourth quarter valued at approximately $31,000. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Evercore reissued an “outperform” rating and issued a $66.00 target price on shares of SLB in a research note on Monday, July 27th. Stifel Nicolaus lifted their target price on shares of SLB from $61.00 to $64.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Barclays upped their price target on shares of SLB from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $66.00 price target on shares of SLB in a report on Sunday, July 26th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SLB has a consensus rating of “Moderate Buy” and an average price target of $61.35.

SLB Price Performance

Shares of SLB opened at $57.40 on Friday. The company has a market cap of $85.19 billion, a P/E ratio of 27.73, a PEG ratio of 3.78 and a beta of 0.73. The stock has a fifty day moving average price of $49.70 and a 200 day moving average price of $51.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82.

SLB (NYSE:SLB) last released its quarterly earnings results on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $8.97 billion during 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%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share. On average, research analysts forecast that SLB Limited will post 2.5 earnings per share for the current year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be given a $0.295 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a yield of 2.1%. SLB’s payout ratio is 57.00%.

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.