SLB Limited $SLB Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its position in shares of SLB Limited (NYSE:SLB) by 790.9% in the second quarter, Holdings Channel reports. The firm owned 122,158 shares of the oil and gas company’s stock after purchasing an additional 108,447 shares during the period. Geneos Wealth Management Inc.’s holdings in SLB were worth $4,129,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after buying an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new stake in shares of SLB in the 4th quarter worth approximately $238,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of SLB by 4.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 68,240 shares of the oil and gas company’s stock valued at $2,852,000 after purchasing an additional 3,139 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of SLB by 254.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 94,981 shares of the oil and gas company’s stock worth $3,970,000 after buying an additional 68,212 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of SLB by 42.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 24,923 shares of the oil and gas company’s stock worth $1,042,000 after purchasing an additional 7,369 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Trading Down 1.3%

SLB stock opened at $38.95 on Tuesday. The company has a market cap of $58.18 billion, a price-to-earnings ratio of 15.04 and a beta of 0.73. The firm has a 50-day moving average of $35.96 and a 200-day moving average of $35.18. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. SLB Limited has a one year low of $31.11 and a one year high of $44.66.

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

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio is presently 44.02%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group raised their price target on SLB from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. Citigroup boosted their target price on SLB from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday. Cowen reissued a “buy” rating and set a $57.00 price target on shares of SLB in a research note on Thursday. Sanford C. Bernstein boosted their price target on shares of SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Rothschild Redb upgraded SLB to a “strong-buy” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, SLB presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.32.

Insider Activity at SLB

In other news, CFO Stephane Biguet sold 38,447 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the transaction, the chief financial officer directly owned 175,690 shares in the company, valued at $6,456,607.50. The trade was a 17.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the sale, the executive vice president owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This trade represents a 27.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 103,947 shares of company stock valued at $3,871,337. 0.22% of the stock is owned by corporate 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.