190,521 Shares in SLB Limited $SLB Acquired by Moore Capital Management LP

Moore Capital Management LP acquired a new position in shares of SLB Limited (NYSE:SLB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 190,521 shares of the oil and gas company’s stock, valued at approximately $8,857,000.

A number of other hedge funds have also recently bought and sold shares of the company. Evergreen Advisors LLC acquired a new position in shares of SLB during the first quarter valued at $26,000. MV Capital Management Inc. acquired a new stake in SLB in the fourth quarter worth about $28,000. Strategic Wealth Advisors LLC bought a new stake in SLB during the 4th quarter worth about $30,000. Costello Asset Management INC raised its holdings in SLB by 93.3% during the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 280 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in SLB during the 4th quarter valued at about $31,000. 81.99% of the stock is currently owned by institutional investors.

SLB Stock Up 0.1%

Shares of NYSE SLB opened at $57.40 on Monday. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.44. The stock has a market cap of $85.19 billion, a P/E ratio of 27.73, a P/E/G ratio of 3.78 and a beta of 0.73. The firm has a 50 day moving average price of $49.70 and a 200 day moving average price of $51.41.

SLB (NYSE:SLB) last announced its quarterly earnings results on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. SLB had a net margin of 8.53% and a return on equity of 14.05%. The company had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.67 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts expect that SLB Limited will post 2.5 EPS for the current year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, September 2nd. SLB’s dividend payout ratio is 57.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SLB shares. Stifel Nicolaus lifted their price target on shares of SLB from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price objective on shares of SLB in a research note on Tuesday, June 16th. Susquehanna lifted their target price on shares of SLB from $55.00 to $62.00 and gave the stock a “positive” rating in a report on Monday, July 27th. Barclays upped their target price on shares of SLB from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Finally, TD Cowen increased their price target on SLB from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.35.

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.