37,238 Shares in SLB Limited $SLB Purchased by Shrier Wealth Management LLC

Shrier Wealth Management LLC bought a new stake in SLB Limited (NYSE:SLB) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,238 shares of the oil and gas company’s stock, valued at approximately $1,429,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in SLB by 23.3% during the 3rd quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock worth $6,371,335,000 after buying an additional 35,057,313 shares during the last quarter. State Street Corp boosted its holdings in shares of SLB by 7.0% in the 3rd quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock valued at $2,898,037,000 after acquiring an additional 5,466,786 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of SLB by 25.2% in the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company’s stock worth $528,217,000 after acquiring an additional 3,094,764 shares during the period. Northern Trust Corp increased its stake in shares of SLB by 10.7% in the third quarter. Northern Trust Corp now owns 15,359,990 shares of the oil and gas company’s stock worth $527,923,000 after acquiring an additional 1,490,859 shares during the period. Finally, Amundi raised its holdings in shares of SLB by 24.4% during the third quarter. Amundi now owns 14,198,874 shares of the oil and gas company’s stock worth $491,139,000 after purchasing an additional 2,783,134 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Performance

SLB opened at $51.38 on Wednesday. The firm has a fifty day moving average price of $49.46 and a 200 day moving average price of $41.59. SLB Limited has a 1 year low of $31.11 and a 1 year high of $54.80. The stock has a market cap of $77.20 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.67 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The company had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same quarter last year, the business earned $0.92 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be given a dividend of $0.295 per share. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s payout ratio is 49.79%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of SLB from $51.00 to $58.00 and gave the company a “buy” rating in a research report on Sunday, February 1st. Argus raised SLB to a “strong-buy” rating in a research report on Monday, January 26th. Loop Capital set a $48.00 price objective on SLB in a research note on Tuesday, January 27th. Sanford C. Bernstein boosted their price objective on SLB from $52.30 to $56.10 and gave the company an “outperform” rating in a report on Thursday, March 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $50.00 target price on shares of SLB in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.16.

Insider Activity

In other SLB news, CAO Howard Guild sold 13,268 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $659,419.60. Following the transaction, the chief accounting officer owned 22,407 shares in the company, valued at approximately $1,113,627.90. This represents a 37.19% 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. Also, CFO Stephane Biguet sold 61,017 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $3,032,544.90. Following the completion of the sale, the chief financial officer directly owned 155,548 shares in the company, valued at approximately $7,730,735.60. The trade was a 28.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 156,902 shares of company stock worth $7,796,666. 0.16% of the stock is currently owned by corporate insiders.

About SLB

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.