SLB Limited (NYSE:SLB - Get Free Report) EVP Steve Matthew Gassen sold 53,379 shares of the company's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the sale, the executive vice president directly owned 47,421 shares in the company, valued at $2,664,111.78. This represents a 52.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SLB Trading Up 0.2%
SLB opened at $57.00 on Friday. The stock has a market capitalization of $85.65 billion, a PE ratio of 24.89, a P/E/G ratio of 4.02 and a beta of 0.69. The firm's fifty day moving average price is $50.67 and its 200 day moving average price is $44.29. 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 Limited has a 12-month low of $31.64 and a 12-month high of $57.20.
SLB (NYSE:SLB - Get Free Report) last posted its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $8.72 billion for the quarter, compared to analysts' expectations of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, research analysts expect that SLB Limited will post 2.6 EPS for the current fiscal year.
SLB Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be issued a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 annualized dividend and a yield of 2.1%. SLB's dividend payout ratio is currently 51.53%.
Institutional Trading of SLB
A number of large investors have recently modified their holdings of the company. Abel Hall LLC increased its holdings in shares of SLB by 2.7% in the 1st quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company's stock worth $387,000 after acquiring an additional 198 shares during the period. Private Wealth Asset Management LLC increased its holdings in shares of SLB by 4.1% in the 4th quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company's stock worth $193,000 after acquiring an additional 200 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of SLB by 9.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company's stock worth $129,000 after acquiring an additional 214 shares during the period. Ballentine Partners LLC increased its holdings in shares of SLB by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company's stock worth $395,000 after acquiring an additional 218 shares during the period. Finally, Davis Capital Management increased its holdings in shares of SLB by 1.0% in the 1st quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company's stock worth $1,129,000 after acquiring an additional 220 shares during the period. Institutional investors and hedge funds own 81.99% of the company's stock.
Analyst Ratings Changes
SLB has been the topic of a number of research reports. Sanford C. Bernstein increased their target price on shares of SLB from $52.30 to $56.10 and gave the stock an "outperform" rating in a report on Thursday, March 12th. TD Cowen increased their target price on shares of SLB from $55.00 to $66.00 and gave the stock a "buy" rating in a report on Monday, April 27th. Citigroup increased their target price on shares of SLB from $59.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. Royal Bank Of Canada reissued an "outperform" rating and set a $61.00 target price on shares of SLB in a report on Monday, April 27th. Finally, Evercore reissued an "outperform" rating and set a $64.00 target price on shares of SLB in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $58.95.
View Our Latest Stock Analysis on SLB
About SLB
(
Get Free Report)
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.
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