Hills Bank & Trust Co Sells 9,450 Shares of SLB Limited $SLB

Hills Bank & Trust Co cut its position in shares of SLB Limited (NYSE:SLB) by 23.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,661 shares of the oil and gas company’s stock after selling 9,450 shares during the period. Hills Bank & Trust Co’s holdings in SLB were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SLB. Brighton Jones LLC increased its position in shares of SLB by 21.4% during the fourth 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 stake in shares of SLB during the fourth quarter valued at approximately $238,000. Marshall Wace LLP bought a new stake in shares of SLB during the second quarter valued at approximately $8,628,000. Nebula Research & Development LLC increased its position in shares of SLB by 76.0% during the second quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC increased its position in shares of SLB by 7.6% during the second quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after purchasing an additional 799 shares during the period. 81.99% of the stock is currently owned by institutional investors.

SLB Price Performance

Shares of SLB stock opened at $55.33 on Friday. The stock’s fifty day simple moving average is $51.44 and its 200 day simple moving average is $45.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The firm has a market cap of $82.72 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 3.90 and a beta of 0.72. SLB Limited has a one year low of $31.64 and a one year high of $57.20.

SLB (NYSE:SLB) last posted its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, analysts expect that SLB Limited will post 2.61 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. SLB’s payout ratio is currently 51.53%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SLB shares. Evercore restated an “outperform” rating and set a $64.00 price objective on shares of SLB in a research report on Monday, April 27th. JPMorgan Chase & Co. boosted their price target on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Wall Street Zen lowered SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 price target on shares of SLB in a research note on Monday, April 27th. Finally, Stifel Nicolaus boosted their price target on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Three 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, SLB presently has an average rating of “Moderate Buy” and a consensus price target of $59.74.

Insiders Place Their Bets

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the transaction, the director directly owned 16,953 shares in the company, valued at approximately $921,056.49. This represents a 10.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is currently owned by 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.