SLB Limited $SLB Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC trimmed its position in SLB Limited (NYSE:SLB) by 9.0% in the fourth quarter, Holdings Channel reports. The firm owned 153,790 shares of the oil and gas company’s stock after selling 15,208 shares during the quarter. New Age Alpha Advisors LLC’s holdings in SLB were worth $5,902,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its stake in SLB by 9.6% in the third quarter. Principal Financial Group Inc. now owns 1,677,257 shares of the oil and gas company’s stock worth $57,647,000 after purchasing an additional 147,175 shares in the last quarter. New York State Common Retirement Fund grew its stake in SLB by 3.0% in the third quarter. New York State Common Retirement Fund now owns 1,879,137 shares of the oil and gas company’s stock worth $64,586,000 after purchasing an additional 54,600 shares in the last quarter. National Pension Service grew its stake in SLB by 3.7% in the third quarter. National Pension Service now owns 1,973,518 shares of the oil and gas company’s stock worth $67,830,000 after purchasing an additional 69,826 shares in the last quarter. State of Michigan Retirement System grew its stake in SLB by 7.9% in the third quarter. State of Michigan Retirement System now owns 461,838 shares of the oil and gas company’s stock worth $15,873,000 after purchasing an additional 33,700 shares in the last quarter. Finally, Tejara Capital Ltd boosted its stake in SLB by 400.9% in the third quarter. Tejara Capital Ltd now owns 138,759 shares of the oil and gas company’s stock valued at $4,769,000 after acquiring an additional 111,059 shares during the period. 81.99% of the stock is currently owned by institutional investors and hedge funds.

SLB Stock Performance

Shares of SLB stock opened at $57.27 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $52.40 and a two-hundred day moving average of $46.50. The company has a market cap of $85.63 billion, a P/E ratio of 25.01, a PEG ratio of 2.32 and a beta of 0.72. SLB Limited has a 52 week low of $31.64 and a 52 week high of $57.88.

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

SLB Dividend Announcement

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

Wall Street Analyst Weigh In

SLB has been the subject of a number of research reports. Evercore restated an “outperform” rating and issued a $64.00 target price on shares of SLB in a research note on Monday, April 27th. Freedom Capital downgraded SLB from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Stifel Nicolaus lifted their target price on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 27th. UBS Group lifted their target price on SLB from $61.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three investment 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. Based on data from MarketBeat.com, SLB presently has an average rating of “Moderate Buy” and a consensus target price of $59.74.

Insider Activity at SLB

In other 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 stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing 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 stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.16% of the company’s stock.

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.