SLB Limited $SLB Shares Sold by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. decreased its position in shares of SLB Limited (NYSE:SLB) by 63.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,758 shares of the oil and gas company’s stock after selling 45,952 shares during the quarter. Goelzer Investment Management Inc.’s holdings in SLB were worth $1,027,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SLB during the second quarter valued at approximately $25,000. Root Financial Partners LLC bought a new stake in shares of SLB in the 3rd quarter worth $29,000. Corsicana & Co. acquired a new stake in SLB in the 3rd quarter valued at about $31,000. Strengthening Families & Communities LLC acquired a new stake in SLB during the third quarter valued at approximately $31,000. Finally, SouthState Bank Corp lifted its position in shares of SLB by 57.4% during the 3rd quarter. SouthState Bank Corp now owns 1,212 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 442 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wall Street Zen lowered shares of SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Royal Bank Of Canada lifted their price target on SLB from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Stifel Nicolaus set a $56.00 price target on SLB in a research report on Monday, January 26th. Evercore set a $54.00 price objective on SLB and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, Sanford C. Bernstein raised their price objective on SLB from $52.30 to $56.10 and gave the stock an “outperform” rating in a research report on Thursday, March 12th. 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 stock. According to MarketBeat.com, SLB has a consensus rating of “Moderate Buy” and an average target price of $53.16.

Insider Buying and Selling at SLB

In other SLB news, Director La Chevardiere Patrick De sold 4,000 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $50.29, for a total transaction of $201,160.00. Following the transaction, the director directly owned 19,525 shares of the company’s stock, valued at $981,912.25. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dianne B. Ralston sold 18,617 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.50, for a total value of $921,541.50. Following the transaction, the insider owned 224,097 shares in the company, valued at approximately $11,092,801.50. This trade represents a 7.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 156,902 shares of company stock worth $7,796,666 in the last ninety days. Company insiders own 0.16% of the company’s stock.

SLB Trading Up 0.0%

Shares of NYSE SLB opened at $53.51 on Monday. The business has a 50 day simple moving average of $49.27 and a 200 day simple moving average of $41.37. SLB Limited has a 52 week low of $31.11 and a 52 week high of $53.70. The stock has a market cap of $80.39 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 3.81 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The firm had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. On average, research analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. This is a positive change from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 annualized dividend and a dividend yield of 2.2%. SLB’s dividend payout ratio (DPR) is currently 49.79%.

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.