Park Avenue Securities LLC Has $1.17 Million Stake in SLB Limited $SLB

Park Avenue Securities LLC trimmed its holdings in shares of SLB Limited (NYSE:SLBFree Report) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,355 shares of the oil and gas company’s stock after selling 23,556 shares during the period. Park Avenue Securities LLC’s holdings in SLB were worth $1,165,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SLB. Brighton Jones LLC raised its position in shares of SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after acquiring an additional 1,166 shares during the last quarter. Bison Wealth LLC bought a new position in shares of SLB in the 4th quarter worth $238,000. Global Retirement Partners LLC acquired a new stake in shares of SLB during the second quarter worth $245,000. Insigneo Advisory Services LLC increased its holdings in SLB by 16.6% in the second quarter. Insigneo Advisory Services LLC now owns 15,436 shares of the oil and gas company’s stock valued at $522,000 after purchasing an additional 2,201 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in SLB by 3,911.7% in the second quarter. Laurel Wealth Advisors LLC now owns 214,664 shares of the oil and gas company’s stock valued at $7,256,000 after purchasing an additional 209,313 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Stock Up 2.7%

Shares of SLB stock opened at $51.87 on Thursday. The company has a market capitalization of $77.94 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 3.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The business has a 50-day moving average of $49.02 and a two-hundred day moving average of $41.09. SLB Limited has a 1 year low of $31.11 and a 1 year high of $52.55.

SLB (NYSE:SLBGet Free Report) last released 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. SLB had a return on equity of 17.45% and a net margin of 9.45%.The business had revenue of $9.75 billion for the quarter, compared to analysts’ expectations of $9.54 billion. During the same quarter in the previous year, the business posted $0.92 EPS. SLB’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts predict that SLB Limited will post 3.38 EPS for the current year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This is an increase from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a yield of 2.3%. SLB’s payout ratio is presently 49.79%.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of recent analyst reports. Citigroup raised their target price on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Evercore set a $54.00 price target on SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Loop Capital set a $48.00 price objective on shares of SLB in a research note on Tuesday, January 27th. Jefferies Financial Group boosted their price objective on shares of SLB from $51.00 to $58.00 and gave the company a “buy” rating in a report on Sunday, February 1st. Finally, Bank of America upped their target price on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.16.

View Our Latest Analysis on SLB

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

Insider Buying and Selling

In other news, CAO Howard Guild sold 13,268 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $659,419.60. Following the completion of the transaction, the chief accounting officer owned 22,407 shares in the company, valued at $1,113,627.90. This represents a 37.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Stephane Biguet sold 61,017 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $3,032,544.90. Following the sale, the chief financial officer directly owned 155,548 shares of the company’s stock, valued at $7,730,735.60. This represents a 28.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 156,902 shares of company stock valued at $7,796,666. 0.16% of the stock is owned by corporate insiders.

SLB Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SLB (NYSE:SLB)

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