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

Monograph Wealth Advisors LLC purchased a new position in SLB Limited (NYSE:SLB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,701 shares of the oil and gas company’s stock, valued at approximately $807,000.

A number of other large investors have also made changes to their positions in the business. Evergreen Advisors LLC acquired a new stake in shares of SLB in the 1st quarter worth $26,000. Costello Asset Management INC increased its position in SLB by 93.3% during the 1st 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 in the last quarter. MV Capital Management Inc. purchased a new stake in SLB in the fourth quarter valued at about $28,000. Sound Income Strategies LLC raised its stake in SLB by 71.1% in the first quarter. Sound Income Strategies LLC now owns 780 shares of the oil and gas company’s stock valued at $39,000 after buying an additional 324 shares during the last quarter. Finally, Steph & Co. boosted its holdings in SLB by 97.5% in the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 394 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SLB shares. Raymond James Financial cut their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $61.00 target price on shares of SLB in a research report on Tuesday, June 16th. UBS Group dropped their target price on shares of SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $54.00 price target on shares of SLB in a report on Wednesday, July 15th. Finally, TD Cowen lowered their price objective on shares of SLB from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.30.

Insider Transactions at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the transaction, the executive vice president owned 47,421 shares in the company, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.16% of the company’s stock.

SLB Stock Up 2.4%

NYSE:SLB opened at $47.72 on Thursday. The firm has a market capitalization of $71.34 billion, a P/E ratio of 20.84, a PEG ratio of 1.88 and a beta of 0.72. SLB Limited has a 1-year low of $31.64 and a 1-year high of $58.82. The company’s fifty day moving average price is $51.39 and its 200-day moving average price is $50.49. 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 (NYSE:SLB) last issued its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities research analysts anticipate that SLB Limited will post 2.52 EPS for the current 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.