Riverview Capital Advisers LLC Grows Stock Holdings in SLB Limited $SLB

Riverview Capital Advisers LLC increased its stake in SLB Limited (NYSE:SLB) by 48.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,515 shares of the oil and gas company’s stock after purchasing an additional 29,966 shares during the quarter. Riverview Capital Advisers LLC’s holdings in SLB were worth $3,093,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its holdings in shares of SLB by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 1,166 shares during the period. Bison Wealth LLC bought a new stake in shares of SLB during the 4th quarter valued at about $238,000. Harbour Investments Inc. grew its stake in shares of SLB by 14.0% during the 1st quarter. Harbour Investments Inc. now owns 3,311 shares of the oil and gas company’s stock valued at $138,000 after purchasing an additional 407 shares during the period. Commerce Bank increased its position in shares of SLB by 11.1% during the 1st quarter. Commerce Bank now owns 58,566 shares of the oil and gas company’s stock valued at $2,448,000 after purchasing an additional 5,859 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of SLB by 2.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,085,559 shares of the oil and gas company’s stock worth $45,376,000 after purchasing an additional 29,297 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SLB

In other SLB news, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00. Following the sale, the executive vice president owned 159,371 shares of the company’s stock, valued at $6,006,692.99. The trade was a 27.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Stephane Biguet sold 38,447 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $36.75, for a total value of $1,412,927.25. Following the sale, the chief financial officer directly owned 175,690 shares in the company, valued at $6,456,607.50. This trade represents a 17.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 138,174 shares of company stock valued at $5,107,677. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SLB has been the subject of several recent research reports. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. dropped their price target on shares of 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 upgraded SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Rothschild & Co Redburn initiated coverage on SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.28.

SLB Stock Up 0.9%

Shares of SLB opened at $36.57 on Tuesday. The business’s 50 day moving average is $35.18 and its 200 day moving average is $34.87. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.66. The company has a market capitalization of $54.63 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. SLB had a net margin of 10.34% and a return on equity of 18.97%. The business had revenue of $8.93 billion during the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the firm posted $0.89 EPS. The company’s revenue was down 2.5% on a year-over-year basis. Research analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

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

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.