Dynasty Wealth Management LLC Has $834,000 Stake in SLB Limited $SLB

Dynasty Wealth Management LLC lowered its holdings in SLB Limited (NYSE:SLB) by 49.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,261 shares of the oil and gas company’s stock after selling 23,804 shares during the period. Dynasty Wealth Management LLC’s holdings in SLB were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Americana Partners LLC increased its position in shares of SLB by 10.1% in the third quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after acquiring an additional 22,706 shares during the last quarter. Root Financial Partners LLC bought a new position in SLB in the third quarter valued at approximately $29,000. QTR Family Wealth LLC increased its position in shares of SLB by 8.6% during the 3rd quarter. QTR Family Wealth LLC now owns 9,769 shares of the oil and gas company’s stock worth $336,000 after purchasing an additional 773 shares during the last quarter. Horizon Bancorp Inc. IN raised its stake in shares of SLB by 55.5% during the 3rd quarter. Horizon Bancorp Inc. IN now owns 5,396 shares of the oil and gas company’s stock worth $185,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Robinson Value Management Ltd. boosted its holdings in shares of SLB by 1.2% in the 3rd quarter. Robinson Value Management Ltd. now owns 62,889 shares of the oil and gas company’s stock valued at $2,161,000 after buying an additional 733 shares during the last quarter. 81.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

SLB has been the topic of a number of recent analyst reports. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a report on Monday, November 3rd. UBS Group boosted their price objective on shares of SLB from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Barclays cut their target price on shares of SLB from $48.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Citigroup boosted their price target on SLB from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Finally, Susquehanna raised their price objective on SLB from $42.00 to $52.00 and gave the company a “positive” rating in a research report on Wednesday, January 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.17.

SLB Stock Performance

NYSE:SLB opened at $46.47 on Wednesday. The stock has a 50 day simple moving average of $39.40 and a 200 day simple moving average of $36.43. The stock has a market cap of $69.42 billion, a P/E ratio of 17.94 and a beta of 0.72. SLB Limited has a 1-year low of $31.11 and a 1-year high of $47.72. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40.

Insider Activity

In other news, Director Peter John Coleman sold 5,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total transaction of $197,010.00. Following the transaction, the director directly owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. This trade represents a 22.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the sale, the executive vice president owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. The trade was a 27.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 103,947 shares of company stock valued at $3,871,337. 0.22% of the stock is owned by company insiders.

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.