SLB Limited $SLB Shares Acquired by Allianz SE

Allianz SE lifted its holdings in shares of SLB Limited (NYSE:SLB) by 334.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,299 shares of the oil and gas company’s stock after purchasing an additional 151,845 shares during the quarter. Allianz SE’s holdings in SLB were worth $6,781,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLB. Twin Peaks Wealth Advisors LLC purchased a new position in SLB during the second quarter worth about $25,000. Root Financial Partners LLC purchased a new stake in shares of SLB in the 3rd quarter valued at approximately $29,000. Corsicana & Co. acquired a new position in shares of SLB in the 3rd quarter worth approximately $31,000. Strengthening Families & Communities LLC purchased a new position in shares of SLB during the 3rd quarter worth approximately $31,000. Finally, NewSquare Capital LLC increased its holdings in 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 purchasing an additional 341 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

SLB Stock Down 0.3%

SLB stock opened at $51.34 on Friday. The company’s 50 day moving average price is $46.70 and its 200 day moving average price is $39.45. The firm has a market capitalization of $76.76 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 3.50 and a beta of 0.73. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $52.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. The ex-dividend date is Wednesday, February 11th. This is an increase from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s payout ratio is presently 49.79%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price target on SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. BMO Capital Markets lifted their price objective on SLB from $53.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Argus raised SLB to a “strong-buy” rating in a research note on Monday, January 26th. Susquehanna raised their target price on SLB from $52.00 to $58.00 and gave the company a “positive” rating in a report on Monday, January 26th. Finally, Wall Street Zen raised SLB from a “hold” rating to a “buy” rating in a research report on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, SLB presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.38.

Insider Transactions at SLB

In other SLB news, CAO Howard Guild sold 13,268 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the sale, the chief accounting officer directly owned 22,407 shares in the company, valued at $1,113,627.90. This trade represents a 37.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dianne B. Ralston sold 18,617 shares of SLB stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.50, for a total value of $921,541.50. Following the sale, the insider directly owned 224,097 shares of the company’s stock, valued at $11,092,801.50. This trade represents a 7.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 156,902 shares of company stock valued at $7,796,666 over the last ninety days. Company insiders own 0.22% of the company’s stock.

SLB 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.