SLB Limited $SLB Shares Sold by Mattson Financial Services LLC

Mattson Financial Services LLC trimmed its position in shares of SLB Limited (NYSE:SLB) by 60.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,874 shares of the oil and gas company’s stock after selling 28,275 shares during the quarter. Mattson Financial Services LLC’s holdings in SLB were worth $649,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLB. Twin Peaks Wealth Advisors LLC purchased a new position in shares of SLB in the second quarter valued at approximately $25,000. Atticus Wealth Management LLC acquired a new stake in SLB during the 2nd quarter worth approximately $29,000. Corsicana & Co. purchased a new position in SLB in the 3rd quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in SLB by 55.3% in 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 buying an additional 350 shares during the period. Finally, NewSquare Capital LLC grew its stake in shares of SLB by 51.4% in the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 341 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SLB. Citigroup lifted their target price on SLB from $47.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Sanford C. Bernstein lifted their price objective on SLB from $47.60 to $52.30 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Piper Sandler upped their target price on shares of SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. JPMorgan Chase & Co. decreased their price target on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Finally, Redburn Partners set a $48.00 price target on shares of SLB in a report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.42.

Insider Buying and Selling at SLB

In related news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00. Following the transaction, the executive vice president directly owned 159,371 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total value of $197,010.00. Following the completion of the transaction, the director owned 18,671 shares in the company, valued at $668,795.22. The trade was a 22.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 103,947 shares of company stock worth $3,871,337 in the last quarter. 0.22% of the stock is owned by insiders.

SLB Stock Performance

Shares of SLB opened at $37.88 on Tuesday. The company’s 50 day simple moving average is $36.98 and its 200 day simple moving average is $35.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market capitalization of $56.59 billion, a price-to-earnings ratio of 14.63 and a beta of 0.73. SLB Limited has a 1 year low of $31.11 and a 1 year high of $44.66.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The firm’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. On average, sell-side analysts predict that SLB Limited will post 3.38 EPS for the current year.

SLB Announces Dividend

The business 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 of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a yield of 3.0%. SLB’s dividend payout ratio is 44.02%.

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.