Key Points
- Director La Chevardiere Patrick De sold 2,000 SLB shares on May 7 at an average price of $54.33 for $108,660, cutting his stake by 10.55% to 16,953 shares (about $921,056).
- SLB declared a quarterly dividend of $0.295 per share (annualized $1.18, ~2.2% yield) with record/ex-dividend dated June 3 and payment on July 9.
- Quarterly results showed $0.52 EPS (beating by $0.01) and $8.72B revenue (up 2.7% y/y), and analysts maintain a consensus "Moderate Buy" with an average price target of $59.74.
SLB Limited (NYSE:SLB - Get Free Report) Director La Chevardiere Patrick De sold 2,000 shares of the business's stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the transaction, the director owned 16,953 shares in the company, valued at approximately $921,056.49. This represents a 10.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SLB Price Performance
Shares of NYSE SLB opened at $53.04 on Friday. 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 1-year low of $31.64 and a 1-year high of $57.20. The company has a market capitalization of $79.29 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 3.88 and a beta of 0.72. The business has a 50-day moving average of $50.88 and a 200-day moving average of $44.92.
SLB (NYSE:SLB - Get Free Report) last released its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.SLB's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. On average, equities analysts anticipate that SLB Limited will post 2.61 EPS for the current fiscal year.
SLB Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB's payout ratio is presently 51.53%.
Institutional Investors Weigh In On SLB
Institutional investors have recently made changes to their positions in the company. Evergreen Advisors LLC bought a new position in SLB during the first quarter worth $26,000. MV Capital Management Inc. bought a new stake in SLB during the fourth quarter valued at $28,000. Root Financial Partners LLC acquired a new stake in shares of SLB during the third quarter worth $29,000. Strategic Wealth Advisors LLC acquired a new stake in shares of SLB during the fourth quarter worth $30,000. Finally, Costello Asset Management INC lifted its position in shares of SLB by 93.3% in the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company's stock worth $30,000 after buying an additional 280 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
SLB has been the subject of a number of recent analyst reports. Susquehanna raised their price target on shares of SLB from $60.00 to $65.00 and gave the company a "positive" rating in a report on Monday, April 27th. Piper Sandler upped their price objective on shares of SLB from $53.00 to $59.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th. Jefferies Financial Group restated a "buy" rating and set a $65.00 target price on shares of SLB in a research note on Sunday, April 26th. Loop Capital set a $48.00 target price on SLB in a research report on Tuesday, January 27th. Finally, UBS Group increased their price target on SLB from $61.00 to $69.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SLB has a consensus rating of "Moderate Buy" and an average price target of $59.74.
View Our Latest Stock Report on SLB
SLB Company Profile
(
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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