AMG National Trust Bank Has $1.37 Million Stock Holdings in SLB Limited $SLB

AMG National Trust Bank lowered its stake in SLB Limited (NYSE:SLB) by 11.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 40,665 shares of the oil and gas company’s stock after selling 5,486 shares during the period. AMG National Trust Bank’s holdings in SLB were worth $1,374,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings 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 in the last quarter. Boston Partners boosted its stake in shares of SLB by 27.7% during 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 in the last quarter. Northern Trust Corp boosted its stake in shares of SLB by 4.4% during 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SLB by 22.8% during the first quarter. Dimensional Fund Advisors LP now owns 8,989,115 shares of the oil and gas company’s stock worth $375,738,000 after purchasing an additional 1,667,203 shares during the last quarter. Finally, Invesco Ltd. increased its stake 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 buying an additional 281,937 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company lowered shares of SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Susquehanna reduced their price objective on shares of SLB from $44.00 to $42.00 and set a “positive” rating on the stock in a research note on Monday, July 21st. UBS Group reaffirmed a “buy” rating and set a $44.00 target price on shares of SLB in a research report on Tuesday, October 21st. Finally, Citigroup lifted their target price on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.69.

Insider Buying and Selling

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total value 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. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by corporate insiders.

SLB Trading Down 0.7%

SLB opened at $36.06 on Friday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The company has a fifty day moving average of $34.90 and a 200-day moving average of $34.61. The stock has a market cap of $53.87 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. 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 issued its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts predict that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors 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 annualized dividend and a yield of 3.2%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

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.