ExodusPoint Capital Management LP Acquires 73,678 Shares of SLB Limited $SLB

ExodusPoint Capital Management LP grew its holdings in SLB Limited (NYSE:SLB) by 12.0% in the 4th quarter, Holdings Channel reports. The fund owned 689,185 shares of the oil and gas company’s stock after purchasing an additional 73,678 shares during the quarter. ExodusPoint Capital Management LP’s holdings in SLB were worth $26,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SLB. Brighton Jones LLC boosted its position 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 acquiring an additional 1,166 shares during the period. Bison Wealth LLC bought a new stake in shares of SLB in the fourth quarter valued at approximately $238,000. Marshall Wace LLP bought a new stake in shares of SLB in the second quarter valued at approximately $8,628,000. Nebula Research & Development LLC boosted its position in shares of SLB by 76.0% in the second quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after acquiring an additional 10,522 shares during the period. Finally, Diversify Advisory Services LLC boosted its position in shares of SLB by 7.6% in the second quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after acquiring an additional 799 shares during the period. 81.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SLB has been the subject of several research reports. Sanford C. Bernstein raised their target price on SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Evercore reaffirmed an “outperform” rating and issued a $64.00 target price on shares of SLB in a research report on Monday, April 27th. Morgan Stanley set a $57.00 target price on SLB in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of SLB in a research report on Tuesday. Finally, Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.67.

Insiders Place Their Bets

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction 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 of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by company insiders.

SLB Stock Down 1.2%

Shares of SLB stock opened at $53.06 on Wednesday. The stock has a market cap of $79.33 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.18 and a beta of 0.70. SLB Limited has a one year low of $31.64 and a one year high of $58.82. The stock has a fifty day moving average price of $54.80 and a 200 day moving average price of $48.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98.

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, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $8.72 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.72 earnings per share. Analysts predict that SLB Limited will post 2.62 earnings per share for the current year.

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be issued 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 dividend yield of 2.2%. SLB’s dividend payout ratio (DPR) 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.