Key Points
- SLB CFO Stephane Biguet sold 38,447 shares on Nov. 13 at an average price of $36.75 for about $1.41 million, cutting his stake by 17.95 to 175,690 shares (valued ~ $6.46 million).
- SLB beat Q3 EPS estimates ($0.69 vs. $0.67) while revenue of $8.93 billion missed expectations slightly, and the company announced a quarterly dividend of $0.285 (annualized $1.14, ~3.1% yield; ex-dividend Dec. 3, payable Jan. 8).
- Analysts have a consensus rating of "Moderate Buy" with an average price target of $51.28; SLB trades near $36.95 with a market cap of $55.2 billion and a P/E of 14.27.
SLB Limited (NYSE:SLB - Get Free Report) CFO Stephane Biguet sold 38,447 shares of the firm's stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the transaction, the chief financial officer directly owned 175,690 shares of the company's stock, valued at $6,456,607.50. This represents a 17.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
SLB Stock Up 1.8%
Shares of SLB traded up $0.64 during mid-day trading on Friday, reaching $36.95. The company had a trading volume of 10,844,548 shares, compared to its average volume of 16,352,472. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39. The company has a market capitalization of $55.20 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97. The firm has a 50-day moving average price of $35.03 and a 200 day moving average price of $34.76. SLB Limited has a 52 week low of $31.11 and a 52 week high of $44.97.
SLB (NYSE:SLB - Get Free Report) last announced its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.02. SLB had a return on equity of 18.97% and a net margin of 10.34%.The business had revenue of $8.93 billion during the quarter, compared to analysts' expectations of $8.99 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that SLB Limited will post 3.38 EPS for the current year.
SLB Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, December 3rd. SLB's dividend payout ratio (DPR) is currently 44.02%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on SLB shares. Citigroup increased their price target on shares of SLB from $46.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, October 21st. Wells Fargo & Company downgraded SLB from a "strong-buy" rating to a "hold" rating in a research note on Sunday, July 20th. Melius Research started coverage on SLB in a report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 target price for the company. UBS Group reaffirmed a "buy" rating and set a $44.00 price target on shares of SLB in a report on Tuesday, October 21st. Finally, Piper Sandler set a $42.00 price objective on SLB and gave the stock an "overweight" rating in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $51.28.
View Our Latest Stock Analysis on SLB
Hedge Funds Weigh In On SLB
Institutional investors have recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in SLB during the second quarter valued at $25,000. Atlas Capital Advisors Inc. bought a new stake in shares of SLB in the 1st quarter worth about $33,000. Root Financial Partners LLC bought a new stake in shares of SLB in the 3rd quarter worth about $29,000. Atticus Wealth Management LLC purchased a new stake in shares of SLB during the 2nd quarter valued at about $29,000. Finally, Corsicana & Co. bought a new position in shares of SLB in the 3rd quarter valued at about $31,000. 81.99% of the stock is owned by institutional investors.
SLB Company Profile
(
Get Free Report)
Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.
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