SLB Limited $SLB Shares Newly Bought by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. acquired a new stake in shares of SLB Limited (NYSE:SLB - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 799,697 shares of the oil and gas company's stock, valued at approximately $38,961,000. Factory Mutual Insurance Co. owned approximately 0.05% of SLB at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SLB. Saudi Central Bank increased its holdings in shares of SLB by 90.6% in the second quarter. Saudi Central Bank now owns 105,079 shares of the oil and gas company's stock valued at $4,885,000 after purchasing an additional 49,937 shares during the last quarter. State Street Corp boosted its stake in SLB by 0.8% during the second quarter. State Street Corp now owns 91,222,641 shares of the oil and gas company's stock worth $4,267,269,000 after buying an additional 722,060 shares during the last quarter. Bank of America Corp DE boosted its stake in SLB by 11.1% during the first quarter. Bank of America Corp DE now owns 10,536,104 shares of the oil and gas company's stock worth $541,450,000 after buying an additional 1,052,239 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. boosted its stake in SLB by 513.8% during the second quarter. Nan Shan Life Insurance Co. Ltd. now owns 736,544 shares of the oil and gas company's stock worth $34,242,000 after buying an additional 616,544 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in SLB by 2.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,269,354 shares of the oil and gas company's stock valued at $105,502,000 after buying an additional 53,224 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SLB shares. Rothschild & Co Redburn upped their target price on SLB from $66.00 to $68.00 and gave the company a "buy" rating in a report on Friday, September 25th. Capital One Financial reduced their price target on SLB from $64.00 to $63.00 and set an "overweight" rating on the stock in a report on Tuesday, August 18th. Weiss Ratings reissued a "hold (c)" rating on shares of SLB in a research report on Friday. Susquehanna boosted their price target on shares of SLB from $55.00 to $62.00 and gave the company a "positive" rating in a research report on Monday, July 27th. Finally, Freedom Broker raised shares of SLB from a "sell" rating to a "hold" rating and set a $48.00 price objective for the company in a report on Monday, October 26th. Twenty-four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, SLB presently has an average rating of "Moderate Buy" and an average price target of $61.52.

Insiders Place Their Bets

In other news, CAO Howard Guild sold 10,047 shares of the company's stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $53.65, for a total value of $539,021.55. Following the transaction, the chief accounting officer owned 12,845 shares of the company's stock, valued at $689,134.25. This represents a 43.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dianne B. Ralston sold 20,986 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $53.57, for a total value of $1,124,220.02. Following the transaction, the insider owned 205,053 shares of the company's stock, valued at approximately $10,984,689.21. This represents a 9.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is owned by insiders.

SLB Stock Down 0.4%

Shares of NYSE SLB opened at $52.11 on Wednesday. The company has a market capitalization of $76.91 billion, a P/E ratio of 25.29, a P/E/G ratio of 2.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.39 and a quick ratio of 1.02. The company has a 50 day simple moving average of $52.43 and a 200-day simple moving average of $51.43. SLB Limited has a 1 year low of $34.65 and a 1 year high of $60.46.

SLB (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, October 23rd. The oil and gas company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. SLB had a return on equity of 13.77% and a net margin of 8.40%. The firm had revenue of $9.45 billion for the quarter, compared to analysts' expectations of $9.27 billion. During the same period in the prior year, the firm posted $0.69 earnings per share. The firm's quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that SLB Limited will post 2.46 earnings per share for the current year.

SLB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $0.2950 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $1.18 annualized dividend and a yield of 2.3%. SLB's dividend payout ratio (DPR) is 57.28%.

SLB Company Profile

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.

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