SLB Limited $SLB Shares Sold by Rathbones Group PLC

Rathbones Group PLC decreased its position in SLB Limited (NYSE:SLB) by 60.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 718,365 shares of the oil and gas company’s stock after selling 1,098,893 shares during the quarter. Rathbones Group PLC’s holdings in SLB were worth $27,571,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SLB. Brighton Jones LLC boosted its stake 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 buying an additional 1,166 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of SLB during the 4th quarter valued at approximately $238,000. Marshall Wace LLP purchased a new position in shares of SLB during the 2nd quarter valued at approximately $8,628,000. Nebula Research & Development LLC boosted its stake in shares of SLB by 76.0% during the 2nd quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after buying an additional 10,522 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in shares of SLB by 7.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after buying an additional 799 shares during the last quarter. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

SLB Stock Performance

Shares of SLB opened at $57.22 on Thursday. The business’s fifty day moving average price is $52.03 and its 200 day moving average price is $46.21. SLB Limited has a 12-month low of $31.64 and a 12-month high of $57.70. The stock has a market capitalization of $85.54 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.30 and a beta of 0.72. 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 announced 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. SLB had a return on equity of 15.54% and a net margin of 9.26%.The firm had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same period last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts forecast that SLB Limited will post 2.61 EPS for the current year.

SLB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s dividend payout ratio (DPR) is presently 51.53%.

Analyst Ratings Changes

Several research firms have recently commented on SLB. Morgan Stanley set a $57.00 target price on SLB in a research note on Monday, April 27th. Barclays increased their target price on SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. UBS Group raised their price objective on SLB from $61.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus raised their price objective on SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Evercore restated an “outperform” rating and set a $64.00 price objective on shares of SLB in a research note on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.74.

Insiders Place Their Bets

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the sale, the director directly owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the firm’s 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 completion of the sale, the executive vice president owned 47,421 shares in the company, valued at $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. Company insiders own 0.16% of the company’s stock.

About SLB

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.