SLB Limited $SLB Shares Bought by Erste Asset Management GmbH

Erste Asset Management GmbH raised its stake in SLB Limited (NYSE:SLB) by 47.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 97,082 shares of the oil and gas company’s stock after purchasing an additional 31,088 shares during the quarter. Erste Asset Management GmbH’s holdings in SLB were worth $3,679,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC lifted its position in SLB by 10.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 378,531 shares of the oil and gas company’s stock valued at $14,528,000 after buying an additional 36,562 shares during the last quarter. CenterBook Partners LP acquired a new position in SLB in the fourth quarter valued at about $1,415,000. Fiera Capital Corp acquired a new position in SLB in the fourth quarter valued at about $243,000. Syon Capital LLC lifted its position in SLB by 21.0% in the fourth quarter. Syon Capital LLC now owns 12,633 shares of the oil and gas company’s stock valued at $485,000 after buying an additional 2,195 shares during the last quarter. Finally, ING Groep NV lifted its position in SLB by 50.0% in the fourth quarter. ING Groep NV now owns 290,918 shares of the oil and gas company’s stock valued at $11,165,000 after buying an additional 96,993 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

SLB has been the topic of a number of recent analyst reports. UBS Group upped their target price on shares of SLB from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group boosted their price target on shares of SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. TD Cowen boosted their price target on shares of SLB from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Evercore reiterated an “outperform” rating and set a $64.00 price target on shares of SLB in a research note on Monday, April 27th. Finally, Susquehanna boosted their price target on shares of SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, April 27th. Three 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.67.

Insider Buying and Selling

In related news, EVP Steve Matthew Gassen sold 53,379 shares of the company’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 sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the company’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 value of $108,660.00. Following the completion of the transaction, the director directly owned 16,953 shares of the company’s stock, valued at $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.16% of the stock is currently owned by corporate insiders.

SLB Stock Down 1.3%

SLB stock opened at $55.80 on Wednesday. The company’s 50 day moving average price is $54.35 and its 200 day moving average price is $48.17. 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 Limited has a fifty-two week low of $31.64 and a fifty-two week high of $58.82. The firm has a market capitalization of $83.42 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 2.29 and a beta of 0.70.

SLB (NYSE:SLB) last released 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. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that SLB Limited will post 2.62 EPS for the current fiscal year.

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors 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 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s dividend payout ratio is presently 51.53%.

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.