Christine Messmer PC Buys Shares of 10,972 SLB Limited $SLB

Christine Messmer PC bought a new stake in SLB Limited (NYSE:SLB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,972 shares of the oil and gas company’s stock, valued at approximately $421,000.

A number of other large investors also recently bought and sold shares of SLB. Vanguard Group Inc. lifted its position in shares of SLB by 23.3% during the third quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock worth $6,371,335,000 after purchasing an additional 35,057,313 shares in the last quarter. State Street Corp lifted its position in shares of SLB by 7.0% during the third quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock worth $2,898,037,000 after purchasing an additional 5,466,786 shares in the last quarter. Greenhaven Associates Inc. acquired a new stake in shares of SLB during the fourth quarter worth about $178,883,000. Caisse de depot et placement du Quebec lifted its position in shares of SLB by 10,422.1% during the third quarter. Caisse de depot et placement du Quebec now owns 3,165,581 shares of the oil and gas company’s stock worth $108,801,000 after purchasing an additional 3,135,496 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of SLB by 25.2% during the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company’s stock worth $528,217,000 after purchasing an additional 3,094,764 shares in the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Stock Performance

Shares of SLB stock opened at $55.70 on Tuesday. The firm has a market capitalization of $83.28 billion, a P/E ratio of 24.32, a P/E/G ratio of 4.02 and a beta of 0.72. SLB Limited has a 52 week low of $31.64 and a 52 week high of $57.20. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $50.67 and its two-hundred day moving average is $44.45.

SLB (NYSE:SLB) last announced its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, beating the consensus estimate 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 net margin of 9.26% and a return on equity of 15.54%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 earnings per share. Research analysts forecast that SLB Limited will post 2.6 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently declared 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. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s dividend payout ratio is currently 51.53%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. The Goldman Sachs Group increased their price target on shares of SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Susquehanna increased their price target on shares of SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research report on Monday, April 27th. Evercore reissued an “outperform” rating and set a $64.00 price target on shares of SLB in a research report on Monday, April 27th. Finally, UBS Group increased their price target on shares of SLB from $61.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SLB has an average rating of “Moderate Buy” and an average target price of $58.95.

Insider Buying and Selling

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by corporate insiders.

About SLB

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.