SLB Limited $SLB Holdings Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in SLB Limited (NYSE:SLB - Free Report) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 582,315 shares of the oil and gas company's stock after selling 59,824 shares during the quarter. Asset Management One Co. Ltd.'s holdings in SLB were worth $19,682,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Command Advisory Services Inc. increased its stake in SLB by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company's stock worth $27,000 after purchasing an additional 477 shares in the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of SLB in the 1st quarter valued at approximately $33,000. Atticus Wealth Management LLC acquired a new stake in SLB in the 2nd quarter worth approximately $29,000. Park Square Financial Group LLC acquired a new stake in SLB in the 1st quarter worth approximately $38,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in SLB in the 1st quarter worth approximately $40,000. 81.99% of the stock is currently owned by institutional investors.

Insider Activity at SLB

In related news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the sale, the insider owned 202,201 shares of the company's stock, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SLB. Citigroup upped their price target on SLB from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday. Stifel Nicolaus lowered their price target on SLB from $54.00 to $52.00 and set a "buy" rating on the stock in a research report on Wednesday, July 16th. JPMorgan Chase & Co. decreased their target price on SLB from $44.00 to $43.00 and set an "overweight" rating on the stock in a report on Monday, October 20th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of SLB in a research note on Friday. Finally, Melius Research initiated coverage on SLB in a research note on Wednesday, August 20th. They set a "buy" rating and a $82.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SLB has an average rating of "Moderate Buy" and a consensus price target of $51.69.

SLB Trading Down 0.5%

Shares of SLB stock opened at $35.84 on Friday. The stock's fifty day simple moving average is $34.66 and its 200 day simple moving average is $34.55. SLB Limited has a twelve month low of $31.11 and a twelve month high of $44.97. The firm has a market capitalization of $53.55 billion, a P/E ratio of 13.84, a P/E/G ratio of 9.91 and a beta of 0.97. 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 (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.02. The business had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The firm's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.89 EPS. As a group, sell-side analysts predict that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB's dividend payout ratio (DPR) is presently 44.02%.

SLB 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.

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