SLB Limited $SLB Shares Acquired by Colrain Capital LLC

Colrain Capital LLC grew its holdings in SLB Limited (NYSE:SLB) by 23.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,000 shares of the oil and gas company’s stock after purchasing an additional 21,500 shares during the quarter. SLB makes up approximately 2.9% of Colrain Capital LLC’s portfolio, making the stock its 13th largest holding. Colrain Capital LLC’s holdings in SLB were worth $3,818,000 as of its most recent SEC filing.

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

SLB Trading Down 0.7%

Shares of SLB stock opened at $36.06 on Friday. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The firm has a market cap of $53.87 billion, a PE ratio of 13.92, a P/E/G ratio of 10.19 and a beta of 0.97. The business’s fifty day moving average is $34.90 and its two-hundred day moving average is $34.62. 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 posted its quarterly 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. The company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. SLB’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. Analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SLB. Susquehanna lowered their price target on shares of SLB from $44.00 to $42.00 and set a “positive” rating on the stock in a research report on Monday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research report on Wednesday, October 8th. Melius began coverage on shares of SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective on the stock. Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, Barclays increased their price target on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.69.

Insiders Place Their Bets

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred 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 transaction, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

SLB Company 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.