HORAN Wealth LLC Purchases Shares of 65,123 SLB Limited $SLB

HORAN Wealth LLC bought a new stake in shares of SLB Limited (NYSE:SLB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 65,123 shares of the oil and gas company’s stock, valued at approximately $2,201,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in SLB in the 1st quarter worth $169,232,000. Assetmark Inc. increased its stake in SLB by 19.5% in the 2nd quarter. Assetmark Inc. now owns 56,561 shares of the oil and gas company’s stock worth $1,912,000 after buying an additional 9,210 shares in the last quarter. Shell Asset Management Co. increased its stake in SLB by 48.1% in the 2nd quarter. Shell Asset Management Co. now owns 62,737 shares of the oil and gas company’s stock worth $2,121,000 after buying an additional 20,387 shares in the last quarter. Godsey & Gibb Inc. increased its stake in SLB by 9.6% in the 2nd quarter. Godsey & Gibb Inc. now owns 493,092 shares of the oil and gas company’s stock worth $16,667,000 after buying an additional 43,135 shares in the last quarter. Finally, Alan B Lancz & Associates Inc. purchased a new stake in SLB in the 1st quarter worth $308,000. Institutional investors own 81.99% of the company’s stock.

SLB Trading Up 1.2%

Shares of SLB stock opened at $36.54 on Thursday. 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 Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The business has a 50-day moving average price of $34.95 and a 200-day moving average price of $34.66. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last announced 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. The firm had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. Equities research 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. Shareholders of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.1%. SLB’s dividend payout ratio (DPR) is presently 44.02%.

Analysts Set New Price Targets

SLB has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. Wells Fargo & Company lowered SLB from a “strong-buy” rating to a “hold” rating in a research report on Sunday, July 20th. Piper Sandler set a $42.00 price objective on SLB and gave the company an “overweight” rating in a research report on Monday, October 20th. Barclays raised their price objective on SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. cut their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and a consensus target price of $51.28.

Insider Transactions at SLB

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction dated 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 sale, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

SLB Company 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.