SLB Limited $SLB Position Reduced by Americana Partners LLC

Americana Partners LLC trimmed its stake in shares of SLB Limited (NYSE:SLB) by 41.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 144,246 shares of the oil and gas company’s stock after selling 103,811 shares during the quarter. Americana Partners LLC’s holdings in SLB were worth $5,536,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of SLB in the 3rd quarter worth about $29,000. Strategic Wealth Advisors LLC bought a new position in shares of SLB in the 4th quarter worth about $30,000. Strengthening Families & Communities LLC bought a new position in shares of SLB in the 3rd quarter worth about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SLB in the 4th quarter worth about $31,000. Finally, Steph & Co. lifted its position in shares of SLB by 97.5% in the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after buying an additional 394 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were 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. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. The Goldman Sachs Group raised their price target on shares of SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Wall Street Zen cut shares of SLB from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Piper Sandler lifted their price objective on shares of SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Finally, Susquehanna lifted their price objective 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. Three equities 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 given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.74.

SLB Trading Up 0.0%

Shares of NYSE SLB opened at $57.27 on Friday. The firm has a market capitalization of $85.63 billion, a PE ratio of 25.01, a PEG ratio of 2.32 and a beta of 0.72. SLB Limited has a one year low of $31.64 and a one year high of $57.88. 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 business has a 50-day moving average price of $52.40 and a two-hundred day moving average price of $46.43.

SLB (NYSE:SLB) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $8.76 billion. During the same period last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts predict that SLB Limited will post 2.61 earnings per share for the current fiscal year.

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. SLB’s payout ratio is presently 51.53%.

SLB Company 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.