SLB Limited $SLB Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC trimmed its stake in shares of SLB Limited (NYSE:SLB) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 541,768 shares of the oil and gas company’s stock after selling 40,069 shares during the period. NFJ Investment Group LLC’s holdings in SLB were worth $20,793,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Wealth Asset Management LLC boosted its position in shares of SLB by 4.1% in the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 200 shares during the period. Ballentine Partners LLC raised its stake in shares of SLB by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock worth $395,000 after buying an additional 218 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of SLB by 37.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock worth $32,000 after buying an additional 227 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of SLB by 4.4% during the 4th quarter. Rothschild Investment LLC now owns 5,540 shares of the oil and gas company’s stock worth $213,000 after buying an additional 236 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its stake in shares of SLB by 3.0% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company’s stock worth $318,000 after buying an additional 238 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SLB

In other news, EVP Steve Matthew Gassen sold 53,379 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the firm’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 sale, the director owned 16,953 shares in the company, valued at $921,056.49. This trade 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 owned by company insiders.

SLB Price Performance

Shares of NYSE:SLB opened at $56.03 on Friday. The business’s fifty day moving average price is $54.64 and its two-hundred day moving average price is $48.51. The stock has a market cap of $83.76 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 2.28 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. SLB Limited has a one year low of $31.64 and a one year high of $58.82.

SLB (NYSE:SLB) last posted its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The business had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that SLB Limited will post 2.62 EPS for the current fiscal year.

SLB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.18 annualized dividend and a dividend yield of 2.1%. SLB’s dividend payout ratio (DPR) is 51.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley set a $57.00 price objective on SLB in a research note on Monday, April 27th. Citigroup increased their target price on SLB from $59.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Wall Street Zen cut SLB from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. TD Cowen increased their target price on SLB from $55.00 to $66.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, UBS Group increased their target price on SLB from $61.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Three 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.67.

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.