Horizon Investments LLC Has $1.87 Million Stock Holdings in SLB Limited $SLB

Horizon Investments LLC decreased its stake in SLB Limited (NYSE:SLB - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,618 shares of the oil and gas company's stock after selling 21,314 shares during the period. Horizon Investments LLC's holdings in SLB were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steph & Co. increased its stake in shares of SLB by 97.5% in the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company's stock valued at $31,000 after buying an additional 394 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SLB in the fourth quarter valued at about $31,000. Root Financial Partners LLC acquired a new stake in shares of SLB in the third quarter valued at about $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of SLB in the fourth quarter valued at about $34,000. Finally, Strengthening Families & Communities LLC acquired a new stake in shares of SLB in the third quarter valued at about $31,000. Institutional investors and hedge funds own 81.99% of the company's stock.

SLB Stock Performance

Shares of SLB stock opened at $56.01 on Wednesday. The business's fifty day simple moving average is $50.77 and its 200 day simple moving average is $44.62. The firm has a market capitalization of $83.74 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 3.93 and a beta of 0.72. SLB Limited has a 12 month low of $31.64 and a 12 month high of $57.20. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35.

SLB (NYSE:SLB - Get Free Report) last issued its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.SLB's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.72 earnings per share. As a group, analysts anticipate that SLB Limited will post 2.6 EPS for the current year.

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB's dividend payout ratio (DPR) is 51.53%.

Insider Buying and Selling

In related news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.16% of the company's stock.

Wall Street Analysts Forecast Growth

SLB has been the subject of several recent research reports. TD Cowen increased their price target on SLB from $55.00 to $66.00 and gave the company a "buy" rating in a research note on Monday, April 27th. UBS Group increased their price target on SLB from $61.00 to $69.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Argus upgraded SLB to a "strong-buy" rating in a report on Monday, January 26th. Barclays increased their price target on SLB from $49.00 to $51.00 and gave the stock an "overweight" rating in a report on Monday, April 27th. Finally, Morgan Stanley set a $57.00 target price on SLB in a report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $58.95.

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.

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