Key Points
- Insider sale: SLB director Peter John Coleman sold 5,500 shares on Nov. 26 at an average price of $35.82 for total proceeds of $197,010, trimming his stake by 22.75% to 18,671 shares (about $668,795).
- Dividend announced: SLB declared a quarterly dividend of $0.285 per share (annualized $1.14) with record/ex-dividend date on Dec. 3 and payment on Jan. 8, implying a ~3.1% yield and a 44.02% payout ratio.
- Recent results and outlook: SLB posted Q3 EPS of $0.69 (beating estimates by $0.02) while revenue of $8.93B slightly missed expectations, and analysts maintain a consensus "Moderate Buy" with a $51.28 target.
SLB Limited (NYSE:SLB - Get Free Report) Director Peter John Coleman sold 5,500 shares of the company's stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total value of $197,010.00. Following the transaction, the director owned 18,671 shares of the company's stock, valued at approximately $668,795.22. The trade was a 22.75% 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 hyperlink.
SLB Stock Performance
SLB stock opened at $36.34 on Wednesday. SLB Limited has a 1 year low of $31.11 and a 1 year high of $44.66. The stock has a market capitalization of $54.29 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 10.19 and a beta of 0.97. 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 stock's fifty day moving average is $35.22 and its two-hundred day moving average is $34.87.
SLB (NYSE:SLB - Get Free Report) last released its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.02. The business had revenue of $8.93 billion for the quarter, compared to analysts' expectations of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 EPS. On average, research analysts predict that SLB Limited will post 3.38 EPS for the current year.
SLB Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB's payout ratio is 44.02%.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on SLB shares. Melius started coverage on SLB in a report on Wednesday, August 20th. They issued a "buy" rating and a $82.00 price objective for the company. Zacks Research upgraded SLB from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th. Rothschild Redb raised SLB to a "strong-buy" rating in a report on Monday, November 3rd. Citigroup lifted their price objective on shares of SLB from $46.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, October 21st. Finally, UBS Group reiterated a "buy" rating and issued a $44.00 target price on shares of SLB in a research report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $51.28.
Read Our Latest Stock Report on SLB
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Howard Capital Management Inc. raised its position in SLB by 3.2% in the third quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company's stock worth $315,000 after acquiring an additional 288 shares in the last quarter. Fielder Capital Group LLC boosted its position in shares of SLB by 2.5% during the 3rd quarter. Fielder Capital Group LLC now owns 12,137 shares of the oil and gas company's stock valued at $417,000 after purchasing an additional 293 shares in the last quarter. Hedges Asset Management LLC grew its stake in shares of SLB by 0.9% in the 3rd 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 last quarter. Gables Capital Management Inc. raised its holdings in shares of SLB by 31.6% in the 3rd 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 in the last quarter. Finally, Anchor Investment Management LLC lifted its stake in SLB by 7.4% during the third quarter. Anchor Investment Management LLC now owns 4,350 shares of the oil and gas company's stock valued at $150,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 81.99% of the company's stock.
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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