Police & Firemen s Retirement System of New Jersey Purchases 2,010 Shares of SLB Limited $SLB

Police & Firemen s Retirement System of New Jersey lifted its position in SLB Limited (NYSE:SLB) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 207,156 shares of the oil and gas company’s stock after buying an additional 2,010 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in SLB were worth $7,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in SLB by 478.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 47,719,476 shares of the oil and gas company’s stock worth $1,994,674,000 after acquiring an additional 39,474,501 shares during the period. Boston Partners increased its stake in shares of SLB by 27.7% in the first quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock worth $824,160,000 after purchasing an additional 4,300,222 shares during the period. Northern Trust Corp lifted its position in shares of SLB by 4.4% during the 1st quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock worth $602,860,000 after purchasing an additional 604,832 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SLB by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock worth $375,738,000 after acquiring an additional 1,667,203 shares during the last quarter. Finally, Invesco Ltd. grew its position in SLB by 3.8% in the 1st quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock worth $320,154,000 after purchasing an additional 281,937 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

SLB Stock Up 1.8%

NYSE:SLB opened at $36.95 on Friday. The stock’s fifty day moving average price is $35.03 and its two-hundred day moving average price is $34.76. SLB Limited has a 52-week low of $31.11 and a 52-week high of $44.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market cap of $55.20 billion, a price-to-earnings ratio of 14.27, a P/E/G ratio of 10.19 and a beta of 0.97.

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 analysts’ consensus estimates of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SLB shares. Citigroup lifted their price objective on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Wells Fargo & Company cut shares of SLB from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 20th. Melius Research started coverage on SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price on the stock. Barclays raised their price target on SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, Rothschild Redb raised SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SLB currently has an average rating of “Moderate Buy” and a consensus price target of $51.28.

Insider Transactions at SLB

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider owned 202,201 shares of the company’s stock, valued at approximately $7,295,412.08. The trade was a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Stephane Biguet sold 38,447 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 175,690 shares in the company, valued at approximately $6,456,607.50. This trade represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 138,174 shares of company stock worth $5,107,677 in the last quarter. 0.22% of the stock is owned by company insiders.

About SLB

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.