Chilton Capital Management LLC Sells 1,225 Shares of SLB Limited $SLB

Chilton Capital Management LLC trimmed its position in shares of SLB Limited (NYSE:SLB) by 6.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,803 shares of the oil and gas company’s stock after selling 1,225 shares during the period. Chilton Capital Management LLC’s holdings in SLB were worth $636,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. First Command Advisory Services Inc. grew its stake in shares of SLB by 300.0% in the 1st quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 477 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of SLB in the 1st quarter valued at approximately $33,000. Atticus Wealth Management LLC bought a new stake in shares of SLB in the 2nd quarter valued at approximately $29,000. Park Square Financial Group LLC bought a new stake in shares of SLB in the 1st quarter valued at approximately $38,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of SLB in the 1st quarter valued at approximately $40,000. 81.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SLB shares. Melius started coverage on SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective on the stock. Stifel Nicolaus decreased their price target on SLB from $54.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, July 16th. Citigroup increased their price target on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, October 21st. Barclays increased their price target on SLB from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Finally, Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

SLB Stock Performance

Shares of SLB stock opened at $35.84 on Monday. The company has a market capitalization of $53.55 billion, a PE ratio of 13.84, a PEG ratio of 9.92 and a beta of 0.97. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $34.66 and its 200 day simple moving average is $34.54.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the business posted $0.89 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, research analysts predict that SLB Limited will post 3.38 EPS for the current year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be paid a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.2%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

Insider Activity

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of SLB stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $36.08, for a total value of $1,433,350.16. Following the sale, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.

SLB Profile

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.