Calamos Advisors LLC Purchases 438,188 Shares of SLB Limited $SLB

Calamos Advisors LLC increased its position in shares of SLB Limited (NYSE:SLB) by 134.0% during the third quarter, HoldingsChannel.com reports. The fund owned 765,234 shares of the oil and gas company’s stock after acquiring an additional 438,188 shares during the period. Calamos Advisors LLC’s holdings in SLB were worth $26,301,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SLB. Brighton Jones LLC grew its position in SLB by 21.4% during the fourth 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 in the last quarter. Bison Wealth LLC purchased a new stake in shares of SLB in the 4th quarter valued at about $238,000. CreativeOne Wealth LLC boosted its position in shares of SLB by 6.3% during the 1st quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock valued at $236,000 after acquiring an additional 335 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of SLB by 49.3% during the first quarter. Vident Advisory LLC now owns 41,571 shares of the oil and gas company’s stock worth $1,738,000 after purchasing an additional 13,733 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of SLB by 5.4% in the first quarter. Baird Financial Group Inc. now owns 336,031 shares of the oil and gas company’s stock worth $14,046,000 after purchasing an additional 17,230 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total value of $197,010.00. Following the sale, the director directly owned 18,671 shares in the company, valued at approximately $668,795.22. This trade represents a 22.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $36.75, for a total value of $1,412,927.25. Following the transaction, the chief financial officer owned 175,690 shares of the company’s stock, valued at approximately $6,456,607.50. This represents a 17.95% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 103,947 shares of company stock worth $3,871,337. 0.22% of the stock is currently owned by company insiders.

SLB Stock Up 1.7%

Shares of NYSE SLB opened at $38.55 on Wednesday. The firm’s fifty day moving average is $37.08 and its 200 day moving average is $35.47. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.66. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The company has a market cap of $57.59 billion, a price-to-earnings ratio of 14.88 and a beta of 0.73.

SLB (NYSE:SLB) last announced its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the company posted $0.89 EPS. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be given 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 3.0%. SLB’s dividend payout ratio is presently 44.02%.

Wall Street Analysts Forecast Growth

SLB has been the subject of several research analyst reports. Cowen reiterated a “buy” rating and set a $57.00 target price on shares of SLB in a research report on Thursday, December 11th. JPMorgan Chase & Co. lowered their price objective on shares of SLB from $44.00 to $43.00 and set an “overweight” rating on the stock in a research report on Monday, October 20th. Redburn Partners set a $48.00 price objective on shares of SLB in a report on Monday, November 3rd. Barclays cut their target price on shares of SLB from $48.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, SLB currently has an average rating of “Moderate Buy” and a consensus target price of $52.42.

SLB Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.