SLB (NYSE:SLB) CAO Howard Guild Sells 10,047 Shares of Company Stock

SLB Limited (NYSE:SLB) CAO Howard Guild sold 10,047 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $53.65, for a total transaction of $539,021.55. Following the transaction, the chief accounting officer owned 12,845 shares in the company, valued at $689,134.25. This trade represents a 43.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SLB Trading Up 0.2%

NYSE:SLB traded up $0.12 during mid-day trading on Thursday, hitting $53.87. 13,468,836 shares of the stock traded hands, compared to its average volume of 15,790,804. The stock has a market capitalization of $79.95 billion, a price-to-earnings ratio of 26.15, a PEG ratio of 2.92 and a beta of 0.83. SLB Limited has a 52 week low of $34.65 and a 52 week high of $60.46. The firm’s 50 day moving average is $52.49 and its two-hundred day moving average is $51.28. The company has a quick ratio of 1.02, a current ratio of 1.39 and a debt-to-equity ratio of 0.41.

SLB (NYSE:SLB) last announced its quarterly earnings data on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. SLB had a net margin of 8.40% and a return on equity of 13.77%. The business had revenue of $9.45 billion during the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that SLB Limited will post 2.47 earnings per share for the current year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 2nd will be paid a dividend of $0.2950 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. SLB’s dividend payout ratio (DPR) is currently 57.28%.

Analyst Ratings Changes

A number of research firms have weighed in on SLB. Evercore increased their target price on SLB from $63.00 to $66.00 in a research note on Thursday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of SLB in a research note on Monday, August 3rd. UBS Group cut their price target on shares of SLB from $75.00 to $70.00 and set a “buy” rating on the stock in a report on Monday. TD Cowen reaffirmed a “buy” rating on shares of SLB in a research note on Monday. Finally, Citigroup reduced their price target on shares of SLB from $63.00 to $62.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. Twenty-four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.52.

Hedge Funds Weigh In On SLB

A number of hedge funds and other institutional investors have recently made changes to their positions in SLB. State Street Corp boosted its stake in shares of SLB by 0.8% during the second quarter. State Street Corp now owns 91,222,641 shares of the oil and gas company’s stock valued at $4,267,269,000 after purchasing an additional 722,060 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of SLB by 1.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 28,913,733 shares of the oil and gas company’s stock valued at $1,344,199,000 after buying an additional 537,566 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of SLB in the 2nd quarter worth approximately $1,339,567,000. Amundi grew its position in shares of SLB by 15.8% in the 2nd quarter. Amundi now owns 19,815,245 shares of the oil and gas company’s stock worth $921,211,000 after buying an additional 2,698,766 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of SLB by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,901,998 shares of the oil and gas company’s stock worth $817,246,000 after acquiring an additional 169,468 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

About SLB

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.