Natixis Advisors LLC boosted its position in SLB Limited (NYSE:SLB – Free Report) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 541,453 shares of the oil and gas company’s stock after purchasing an additional 32,923 shares during the quarter. Natixis Advisors LLC’s holdings in SLB were worth $20,781,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Strategic Wealth Advisors LLC bought a new stake in SLB in the 4th quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SLB in the 4th quarter valued at $31,000. Steph & Co. boosted its stake in SLB by 97.5% in the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 394 shares during the period. Lloyd Advisory Services LLC. bought a new stake in SLB in the 4th quarter valued at $31,000. Finally, Eagle Bay Advisors LLC acquired a new position in SLB in the 4th quarter valued at $34,000. 81.99% of the stock is currently owned by institutional investors.
SLB Price Performance
Shares of NYSE SLB opened at $54.79 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 fifty-two week low of $31.64 and a fifty-two week high of $58.82. The stock has a market capitalization of $81.91 billion, a PE ratio of 23.92, a P/E/G ratio of 2.35 and a beta of 0.70. The business has a fifty day moving average price of $54.22 and a two-hundred day moving average price of $47.80.
SLB Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. SLB’s payout ratio is 51.53%.
Insiders Place Their Bets
In other news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction on 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 directly owned 16,953 shares of the company’s stock, valued at $921,056.49. This trade represents a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.16% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of SLB in a report on Sunday, April 26th. Evercore reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of SLB in a report on Monday, April 27th. Barclays lifted their price objective on SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Stifel Nicolaus lifted their price objective on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. lifted their price objective on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and a consensus target price of $60.67.
Check Out Our Latest Research Report on SLB
SLB Company Profile
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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