Ossiam Increases Stock Holdings in SLB Limited $SLB

Ossiam lifted its stake in shares of SLB Limited (NYSE:SLB) by 897,551.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,113,088 shares of the oil and gas company’s stock after buying an additional 1,112,964 shares during the quarter. Ossiam owned about 0.07% of SLB worth $38,257,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Marathon Capital Management boosted its stake in SLB by 2.2% in the third quarter. Marathon Capital Management now owns 134,756 shares of the oil and gas company’s stock valued at $4,632,000 after acquiring an additional 2,874 shares in the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of SLB by 3.5% in the 3rd quarter. Siemens Fonds Invest GmbH now owns 54,244 shares of the oil and gas company’s stock valued at $1,864,000 after purchasing an additional 1,828 shares during the period. Wellington Management Group LLP grew its stake in SLB by 2.4% during the 3rd quarter. Wellington Management Group LLP now owns 11,045,981 shares of the oil and gas company’s stock worth $379,650,000 after buying an additional 260,707 shares during the last quarter. NorthRock Partners LLC lifted its stake in SLB by 62.7% in the third quarter. NorthRock Partners LLC now owns 13,487 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 5,199 shares during the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its holdings in shares of SLB by 8.1% in the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 69,171 shares of the oil and gas company’s stock valued at $2,377,000 after acquiring an additional 5,203 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.

SLB Trading Up 0.4%

Shares of SLB opened at $44.72 on Friday. 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 Limited has a 1-year low of $31.11 and a 1-year high of $52.45. The stock has a market cap of $67.19 billion, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 3.03 and a beta of 0.68. The firm has a 50 day simple moving average of $48.52 and a 200-day simple moving average of $40.40.

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

SLB Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be given a $0.295 dividend. This is an increase from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is currently 49.79%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SLB. Evercore set a $54.00 price target on shares of SLB and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of SLB from a “buy” rating to a “hold” rating in a research note on Saturday. Freedom Capital cut SLB from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Susquehanna lifted their target price on SLB from $52.00 to $58.00 and gave the company a “positive” rating in a research note on Monday, January 26th. Finally, Sanford C. Bernstein upped their price target on SLB from $52.30 to $56.10 and gave the stock an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.16.

Insiders Place Their Bets

In related news, Director La Chevardiere Patrick De sold 4,000 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the sale, the director owned 19,525 shares of the company’s stock, valued at $981,912.25. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Howard Guild sold 13,268 shares of SLB stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the sale, the chief accounting officer owned 22,407 shares of the company’s stock, valued at approximately $1,113,627.90. This represents a 37.19% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 156,902 shares of company stock valued at $7,796,666. Insiders own 0.16% of the company’s stock.

SLB Company Profile

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.