Capital International Sarl Sells 161,010 Shares of SLB Limited $SLB

Capital International Sarl lowered its holdings in shares of SLB Limited (NYSE:SLB) by 45.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,545 shares of the oil and gas company’s stock after selling 161,010 shares during the quarter. Capital International Sarl’s holdings in SLB were worth $6,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of SLB by 21.4% in the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after buying an additional 1,166 shares during the period. Bison Wealth LLC bought a new stake in SLB in the 4th quarter valued at $238,000. Vestmark Advisory Solutions Inc. bought a new position in SLB during the 2nd quarter worth about $935,000. Penserra Capital Management LLC raised its stake in shares of SLB by 69.4% in the 2nd quarter. Penserra Capital Management LLC now owns 18,047 shares of the oil and gas company’s stock valued at $609,000 after purchasing an additional 7,394 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in shares of SLB by 73.6% in the second quarter. AE Wealth Management LLC now owns 37,836 shares of the oil and gas company’s stock valued at $1,279,000 after purchasing an additional 16,040 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SLB. BMO Capital Markets increased their price objective on SLB from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Morgan Stanley reaffirmed an “overweight” rating and set a $50.00 price target on shares of SLB in a research report on Wednesday, January 21st. Citigroup lifted their price objective on shares of SLB from $53.00 to $56.00 and gave the company a “buy” rating in a report on Monday, January 26th. Susquehanna boosted their price objective on shares of SLB from $52.00 to $58.00 and gave the stock a “positive” rating in a research report on Monday, January 26th. Finally, Barclays increased their target price on shares of SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.96.

SLB Trading Up 1.9%

SLB stock opened at $48.10 on Wednesday. The stock has a 50-day simple moving average of $48.11 and a 200 day simple moving average of $40.26. The stock has a market capitalization of $72.27 billion, a P/E ratio of 20.30, a PEG ratio of 3.21 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 Limited has a 52 week low of $31.11 and a 52 week high of $52.45.

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

SLB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be paid a $0.295 dividend. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a yield of 2.5%. SLB’s dividend payout ratio (DPR) is currently 49.79%.

Insider Buying and Selling at SLB

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

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.