Personal CFO Solutions LLC Decreases Holdings in SLB Limited $SLB

Personal CFO Solutions LLC lowered its position in SLB Limited (NYSE:SLB) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,720 shares of the oil and gas company’s stock after selling 1,567 shares during the period. Personal CFO Solutions LLC’s holdings in SLB were worth $700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABN AMRO Bank N.V. purchased a new position in shares of SLB in the second quarter valued at $532,000. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of SLB by 9.2% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,042 shares of the oil and gas company’s stock worth $238,000 after buying an additional 594 shares in the last quarter. Miller Financial Services LLC grew its stake in SLB by 5.4% in the 2nd quarter. Miller Financial Services LLC now owns 10,739 shares of the oil and gas company’s stock valued at $363,000 after acquiring an additional 547 shares during the last quarter. Ensign Peak Advisors Inc increased its holdings in SLB by 34.2% during the 2nd quarter. Ensign Peak Advisors Inc now owns 185,666 shares of the oil and gas company’s stock valued at $6,276,000 after acquiring an additional 47,316 shares in the last quarter. Finally, Empirical Finance LLC acquired a new position in SLB during the second quarter worth about $925,000. 81.99% of the stock is owned by institutional investors and hedge funds.

SLB Price Performance

Shares of NYSE:SLB opened at $36.22 on Friday. The company has a market cap of $54.11 billion, a P/E ratio of 13.98, a P/E/G ratio of 10.19 and a beta of 0.97. The business has a fifty day simple moving average of $35.03 and a 200-day simple moving average of $34.83. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.97. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40.

SLB (NYSE:SLB) last released its earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. The firm had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. Equities research analysts forecast that SLB Limited will post 3.38 EPS for the current year.

SLB Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.1%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Analyst Ratings Changes

SLB has been the topic of several recent research reports. Citigroup upped their price target on shares of SLB from $46.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their target price on SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, October 20th. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Piper Sandler set a $42.00 price objective on SLB and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, UBS Group reiterated a “buy” rating and set a $44.00 price objective on shares of SLB in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.28.

Insider Activity at SLB

In related news, CFO Stephane Biguet sold 38,447 shares of the business’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the completion of the sale, the chief financial officer directly owned 175,690 shares in the company, valued at approximately $6,456,607.50. The trade was a 17.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This represents a 16.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 138,174 shares of company stock worth $5,107,677. 0.22% of the stock is owned by company insiders.

SLB Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.