SLB Limited $SLB Shares Purchased by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE lifted its stake in SLB Limited (NYSE:SLB) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,749 shares of the oil and gas company’s stock after purchasing an additional 1,969 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in SLB were worth $1,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Command Advisory Services Inc. lifted its stake in shares of SLB by 300.0% in the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 477 shares during the period. Atticus Wealth Management LLC acquired a new stake in shares of SLB in the second quarter valued at about $29,000. Atlas Capital Advisors Inc. acquired a new stake in shares of SLB in the first quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SLB by 55.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 350 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of SLB in the first quarter valued at about $34,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $36.08, for a total value of $1,433,350.16. Following the completion of the transaction, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. The trade was a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

SLB Stock Performance

NYSE:SLB opened at $32.88 on Friday. The firm has a 50 day simple moving average of $34.50 and a 200-day simple moving average of $34.65. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.31 and a quick ratio of 0.98. The firm has a market cap of $49.11 billion, a PE ratio of 11.26, a P/E/G ratio of 9.10 and a beta of 0.97. SLB Limited has a 1-year low of $31.11 and a 1-year high of $44.97.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, July 18th. The oil and gas company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The business had revenue of $8.55 billion during the quarter, compared to analyst estimates of $8.51 billion. SLB had a net margin of 11.53% and a return on equity of 20.99%. The company’s revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, equities analysts expect that SLB Limited will post 3.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of SLB from $54.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, June 26th. Susquehanna cut their target price on shares of SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research report on Monday, July 21st. Atb Cap Markets upgraded shares of SLB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. Melius Research began coverage on shares of SLB in a research report on Wednesday, August 20th. They set a “buy” rating and a $82.00 target price for the company. Finally, Barclays cut their target price on shares of SLB from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.