Thompson Siegel & Walmsley LLC Purchases 9,511 Shares of SLB Limited $SLB

Thompson Siegel & Walmsley LLC grew its holdings in SLB Limited (NYSE:SLB) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,701 shares of the oil and gas company’s stock after purchasing an additional 9,511 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in SLB were worth $6,475,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SLB. Vanguard Group Inc. increased its holdings in SLB by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 186,455,878 shares of the oil and gas company’s stock valued at $7,156,177,000 after purchasing an additional 1,080,999 shares during the last quarter. State Street Corp lifted its holdings in shares of SLB by 7.0% in the third quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock valued at $2,898,037,000 after purchasing an additional 5,466,786 shares in the last quarter. Geode Capital Management LLC boosted its position in SLB by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 33,840,883 shares of the oil and gas company’s stock worth $1,292,993,000 after acquiring an additional 510,747 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in SLB by 0.6% during the fourth quarter. First Eagle Investment Management LLC now owns 27,718,458 shares of the oil and gas company’s stock worth $1,063,834,000 after purchasing an additional 174,564 shares during the last quarter. Finally, Norges Bank bought a new position in shares of SLB in the 4th quarter valued at about $809,557,000. 81.99% of the stock is owned by institutional investors.

Insider Transactions at SLB

In related news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the transaction, the director directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $2,998,832.22. Following the completion of the sale, the executive vice president directly owned 47,421 shares of the company’s stock, valued at $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.16% of the company’s stock.

SLB Trading Up 0.4%

NYSE:SLB opened at $54.78 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34. The firm has a market cap of $81.91 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. The firm has a 50-day moving average price of $53.66 and a two-hundred day moving average price of $47.32. SLB Limited has a 52 week low of $31.64 and a 52 week high of $58.82.

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

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued 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 dividend yield of 2.2%. SLB’s dividend payout ratio is presently 51.53%.

Wall Street Analyst Weigh In

SLB has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of SLB from $61.00 to $69.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of SLB from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Morgan Stanley set a $57.00 price target on SLB in a research note on Monday, April 27th. BMO Capital Markets boosted their price objective on shares of SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Finally, Sanford C. Bernstein raised their price target on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.74.

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.