Violich Capital Management Inc. Has $439,000 Holdings in SLB Limited $SLB

Violich Capital Management Inc. cut its stake in shares of SLB Limited (NYSE:SLB) by 57.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,450 shares of the oil and gas company’s stock after selling 15,700 shares during the period. Violich Capital Management Inc.’s holdings in SLB were worth $439,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in SLB by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 186,455,878 shares of the oil and gas company’s stock worth $7,156,177,000 after acquiring an additional 1,080,999 shares during the last quarter. State Street Corp lifted its position in 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 acquiring an additional 5,466,786 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 3,094,764 shares during the last quarter. Northern Trust Corp lifted its position in SLB by 10.7% during the third quarter. Northern Trust Corp now owns 15,359,990 shares of the oil and gas company’s stock worth $527,923,000 after acquiring an additional 1,490,859 shares during the last quarter. Finally, Amundi raised its position in shares of SLB by 24.4% in the third quarter. Amundi now owns 14,198,874 shares of the oil and gas company’s stock valued at $491,139,000 after buying an additional 2,783,134 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Stock Performance

NYSE SLB opened at $53.04 on Friday. The firm’s fifty day moving average price is $50.88 and its two-hundred day moving average price is $44.92. The stock has a market cap of $79.29 billion, a PE ratio of 23.16, a PEG ratio of 3.88 and a beta of 0.72. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $57.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34.

SLB (NYSE:SLB) last posted its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, equities analysts expect that SLB Limited will post 2.61 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.295 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, June 3rd. SLB’s payout ratio is presently 51.53%.

Insiders Place Their Bets

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the sale, the director directly owned 16,953 shares in the company, valued at approximately $921,056.49. The trade was a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

SLB has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Bank of America lifted their price target on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, January 26th. TD Cowen lifted their price target on shares of SLB from $55.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Susquehanna lifted their price target on shares of SLB from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded shares of SLB from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Three investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.74.

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.