Leeward Investments LLC MA Has $15.86 Million Stake in SLB Limited $SLB

Leeward Investments LLC MA reduced its position in SLB Limited (NYSE:SLB) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 308,543 shares of the oil and gas company’s stock after selling 10,686 shares during the quarter. Leeward Investments LLC MA’s holdings in SLB were worth $15,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLB. MV Capital Management Inc. bought a new position in shares of SLB during the 4th quarter worth about $28,000. Strategic Wealth Advisors LLC acquired a new position in SLB in the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SLB in the fourth quarter worth about $31,000. Steph & Co. lifted its stake in SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 394 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new position in SLB during the fourth quarter worth about $31,000. Institutional investors own 81.99% of the company’s stock.

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 value of $2,998,832.22. Following the completion of the sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction dated Thursday, May 7th. The shares were 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 of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SLB. Susquehanna upped their price objective on SLB from $60.00 to $65.00 and gave the company a “positive” rating in a research note on Monday, April 27th. Barclays raised their target price on SLB from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. TD Cowen boosted their price target on SLB from $55.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 27th. UBS Group increased their price objective on SLB from $61.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and a consensus target price of $60.83.

SLB Stock Performance

NYSE SLB opened at $47.93 on Wednesday. SLB Limited has a 1-year low of $31.64 and a 1-year high of $58.82. The company has a 50 day moving average of $54.52 and a 200-day moving average of $49.27. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The firm has a market cap of $71.66 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.92 and a beta of 0.70.

SLB (NYSE:SLB) last released its quarterly earnings results 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. 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 analyst estimates of $8.76 billion. During the same period in the prior year, the company earned $0.72 EPS. SLB’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts forecast that SLB Limited will post 2.62 earnings per share for the current fiscal year.

SLB Dividend Announcement

The firm also recently announced 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. This represents a $1.18 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, June 3rd. SLB’s dividend payout ratio is presently 51.53%.

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.