SLB Limited $SLB Shares Bought by BKM Wealth Management LLC

BKM Wealth Management LLC grew its stake in shares of SLB Limited (NYSE:SLB) by 14.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,009 shares of the oil and gas company’s stock after acquiring an additional 2,236 shares during the period. BKM Wealth Management LLC’s holdings in SLB were worth $609,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of SLB by 478.8% during the 1st 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 acquiring an additional 39,474,501 shares during the last quarter. Boston Partners lifted its position in shares of SLB by 27.7% during the 1st quarter. Boston Partners now owns 19,829,381 shares of the oil and gas company’s stock valued at $824,160,000 after acquiring an additional 4,300,222 shares during the last quarter. Northern Trust Corp lifted its position in shares of SLB by 4.4% during the 1st quarter. Northern Trust Corp now owns 14,422,499 shares of the oil and gas company’s stock valued at $602,860,000 after acquiring an additional 604,832 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of SLB by 22.8% during the 1st 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 acquiring an additional 1,667,203 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of SLB by 3.8% during the 1st quarter. Invesco Ltd. now owns 7,659,177 shares of the oil and gas company’s stock valued at $320,154,000 after acquiring an additional 281,937 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Performance

Shares of SLB stock opened at $32.58 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The business has a fifty day simple moving average of $34.49 and a 200-day simple moving average of $34.53. The stock has a market cap of $48.66 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 9.11 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, topping the consensus estimate of $0.67 by $0.02. SLB had a return on equity of 20.99% and a net margin of 11.53%.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 company earned $0.89 earnings per share. SLB’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, December 3rd. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Insider Activity

In related news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider directly owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SLB shares. Susquehanna cut their price objective on SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research report on Monday, July 21st. UBS Group decreased their target price on SLB from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Wells Fargo & Company cut SLB from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. Stifel Nicolaus decreased their target price on SLB from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 16th. Finally, Atb Cap Markets raised SLB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and an average target price of $52.00.

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.