America First Investment Advisors LLC Has $18.82 Million Stock Position in SLB Limited $SLB

America First Investment Advisors LLC grew its holdings in shares of SLB Limited (NYSE:SLB) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 556,760 shares of the oil and gas company’s stock after purchasing an additional 26,524 shares during the quarter. SLB comprises about 3.8% of America First Investment Advisors LLC’s investment portfolio, making the stock its 18th biggest position. America First Investment Advisors LLC’s holdings in SLB were worth $18,818,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Atticus Wealth Management LLC bought a new position in SLB during the second quarter valued at about $29,000. Atlas Capital Advisors Inc. acquired a new position in shares of SLB during the 1st quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of SLB by 55.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 350 shares during the last quarter. NewSquare Capital LLC raised its stake in shares of SLB by 51.4% in the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 341 shares in the last quarter. 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 the firm’s 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 directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Stephane Biguet sold 38,447 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $36.75, for a total value of $1,412,927.25. Following the completion of the transaction, the chief financial officer directly owned 175,690 shares in the company, valued at approximately $6,456,607.50. This represents a 17.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 138,174 shares of company stock valued at $5,107,677 in the last three months. Corporate insiders own 0.22% of the company’s stock.

SLB Trading Up 0.6%

Shares of SLB stock opened at $36.03 on Wednesday. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.97. The stock has a market capitalization of $53.83 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. The company has a 50-day simple moving average of $35.04 and a 200 day simple moving average of $34.80. 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) last released its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $8.93 billion for the quarter, compared to analyst estimates of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.89 earnings per share. Research analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be given a dividend of $0.285 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 3.2%. SLB’s dividend payout ratio is 44.02%.

Wall Street Analysts Forecast Growth

SLB has been the topic of several analyst reports. Rothschild Redb upgraded SLB to a “strong-buy” rating in a report on Monday, November 3rd. Rothschild & Co Redburn started coverage on shares of SLB in a research note on Monday, November 3rd. They issued a “buy” rating and a $48.00 target price on the stock. Melius began coverage on shares of SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price on the stock. Piper Sandler set a $42.00 price target on shares of SLB and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Citigroup raised their price target on SLB from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.28.

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.