SLB (NYSE:SLB) Stock: Insider Howard Guild Sells 10,047 Shares

SLB Limited (NYSE:SLB) CAO Howard Guild sold 10,047 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $53.65, for a total transaction of $539,021.55. Following the transaction, the chief accounting officer directly owned 12,845 shares of the company’s stock, valued at $689,134.25. This represents a 43.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

SLB Price Performance

SLB stock opened at $53.78 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.39. The firm has a 50 day moving average price of $52.50 and a 200-day moving average price of $51.37. SLB Limited has a 52-week low of $34.65 and a 52-week high of $60.46. The firm has a market capitalization of $79.38 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 2.99 and a beta of 0.83.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $9.45 billion during the quarter, compared to analyst estimates of $9.27 billion. SLB had a return on equity of 13.77% and a net margin of 8.40%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $0.69 EPS. Equities research analysts forecast that SLB Limited will post 2.46 EPS for the current fiscal year.

SLB Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $0.2950 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.18 annualized dividend and a dividend yield of 2.2%. SLB’s dividend payout ratio (DPR) is presently 57.28%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of SLB in a research report on Monday. Capital One Financial cut their price objective on shares of SLB from $64.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Weiss Ratings restated a “hold (c)” rating on shares of SLB in a research note on Monday, August 3rd. Rothschild & Co Redburn lifted their target price on shares of SLB from $66.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Finally, Zacks Research upgraded shares of SLB from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 25th. Twenty-four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SLB has a consensus rating of “Moderate Buy” and a consensus target price of $61.52.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp bought a new stake in SLB during the second quarter valued at approximately $1,339,567,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in SLB by 6,358.2% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,134,731 shares of the oil and gas company’s stock valued at $471,164,000 after buying an additional 9,977,804 shares during the last quarter. Cardano Risk Management B.V. bought a new position in SLB in the second quarter worth approximately $185,474,000. Canoe Financial LP raised its position in SLB by 82.3% in the second quarter. Canoe Financial LP now owns 7,730,966 shares of the oil and gas company’s stock worth $358,936,000 after acquiring an additional 3,489,344 shares during the period. Finally, Danske Bank A S raised its position in SLB by 2,928.3% in the second quarter. Danske Bank A S now owns 2,825,743 shares of the oil and gas company’s stock worth $131,369,000 after acquiring an additional 2,732,433 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB Company Profile

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.