Segall Bryant & Hamill LLC Has $385,000 Stake in SLB Limited $SLB

Segall Bryant & Hamill LLC lessened its stake in shares of SLB Limited (NYSE:SLB) by 96.5% during the third quarter, Holdings Channel.com reports. The fund owned 11,215 shares of the oil and gas company’s stock after selling 311,869 shares during the period. Segall Bryant & Hamill LLC’s holdings in SLB were worth $385,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Howard Capital Management Inc. boosted its stake in shares of SLB by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 288 shares in the last quarter. Fielder Capital Group LLC raised its stake in shares of SLB by 2.5% during the third quarter. Fielder Capital Group LLC now owns 12,137 shares of the oil and gas company’s stock valued at $417,000 after acquiring an additional 293 shares during the last quarter. Hedges Asset Management LLC lifted its holdings in shares of SLB by 0.9% during the third quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock worth $1,203,000 after purchasing an additional 300 shares during the period. Gables Capital Management Inc. grew its stake in shares of SLB by 31.6% in the third quarter. Gables Capital Management Inc. now owns 1,250 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 300 shares during the last quarter. Finally, LRI Investments LLC lifted its position in shares of SLB by 21.7% in the 3rd quarter. LRI Investments LLC now owns 1,785 shares of the oil and gas company’s stock worth $61,000 after purchasing an additional 318 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SLB shares. The Goldman Sachs Group raised their price objective on shares of SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. Argus raised shares of SLB to a “strong-buy” rating in a research report on Monday, January 26th. Bank of America lifted their price target on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. upped their price objective on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, Sanford C. Bernstein increased their price objective on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.96.

Insider Activity

In other news, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the sale, the executive vice president owned 140,602 shares of the company’s stock, valued at approximately $6,987,919.40. The trade was a 29.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Howard Guild sold 13,268 shares of the stock in a transaction that occurred on Monday, January 26th. The stock was 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 directly owned 22,407 shares of the company’s stock, valued at $1,113,627.90. This represents a 37.19% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 156,902 shares of company stock worth $7,796,666. 0.22% of the stock is owned by company insiders.

SLB Price Performance

Shares of NYSE:SLB opened at $46.86 on Friday. The company’s fifty day moving average is $47.73 and its 200 day moving average is $39.98. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. SLB Limited has a 52 week low of $31.11 and a 52 week high of $52.45. The stock has a market cap of $70.41 billion, a PE ratio of 19.77, a PEG ratio of 3.22 and a beta of 0.68.

SLB (NYSE:SLB) last announced its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

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

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.