27,296 Shares in SLB Limited $SLB Purchased by Vise Technologies Inc.

Vise Technologies Inc. bought a new position in SLB Limited (NYSE:SLB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,296 shares of the oil and gas company’s stock, valued at approximately $923,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares during the period. Bison Wealth LLC bought a new position in shares of SLB during the fourth quarter worth about $238,000. Stephens Inc. AR lifted its position in SLB by 24.8% during the 1st quarter. Stephens Inc. AR now owns 31,837 shares of the oil and gas company’s stock worth $1,331,000 after buying an additional 6,328 shares in the last quarter. CWM LLC boosted its holdings in shares of SLB by 51.1% in the 1st quarter. CWM LLC now owns 48,535 shares of the oil and gas company’s stock valued at $2,029,000 after buying an additional 16,416 shares during the last quarter. Finally, Signaturefd LLC increased its position in SLB by 16.7% during the first quarter. Signaturefd LLC now owns 21,973 shares of the oil and gas company’s stock worth $918,000 after buying an additional 3,145 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Trading Up 0.6%

Shares of SLB stock opened at $36.28 on Friday. SLB Limited has a 12-month low of $31.11 and a 12-month high of $44.97. The company has a quick ratio of 1.01, a current ratio of 1.39 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $35.01 and a two-hundred day moving average price of $34.74. The firm has a market cap of $54.20 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last released its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. SLB had a net margin of 10.34% and a return on equity of 18.97%. The firm had revenue of $8.93 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. Equities analysts anticipate that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Dividend Announcement

The firm also recently announced 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. This represents a $1.14 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, December 3rd. SLB’s payout ratio is 44.02%.

Insider Transactions at SLB

In other SLB news, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the completion of the transaction, the executive vice president directly owned 159,371 shares of the company’s stock, valued at $6,006,692.99. This trade represents a 27.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction dated 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 in the company, valued at $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of recent research reports. Barclays raised their price objective on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. UBS Group reiterated a “buy” rating and set a $44.00 price objective on shares of SLB in a research report on Tuesday, October 21st. Rothschild Redb raised shares of SLB to a “strong-buy” rating in a research report on Monday, November 3rd. Melius Research began 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. Finally, Melius started coverage on shares of SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.