SLB Limited (NYSE:SLB – Get Free Report) CAO Howard Guild sold 10,047 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $53.65, for a total transaction of $539,021.55. Following the completion of the sale, the chief accounting officer directly owned 12,845 shares of the company’s stock, valued at approximately $689,134.25. The trade was a 43.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
SLB Stock Performance
NYSE:SLB opened at $53.87 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.39. The company has a fifty day moving average of $52.50 and a two-hundred day moving average of $51.32. The stock has a market capitalization of $79.95 billion, a PE ratio of 26.15, a P/E/G ratio of 2.95 and a beta of 0.83. SLB Limited has a fifty-two week low of $34.65 and a fifty-two week high of $60.46.
SLB (NYSE:SLB – Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. SLB had a net margin of 8.40% and a return on equity of 13.77%. The business had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period last year, the firm posted $0.69 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that SLB Limited will post 2.48 earnings per share for the current fiscal year.
SLB Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 7th. Investors of record on Wednesday, December 2nd will be given a dividend of $0.2950 per share. This represents a $1.18 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. SLB’s dividend payout ratio is 57.28%.
Hedge Funds Weigh In On SLB
A number of institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in SLB during the 2nd quarter worth approximately $1,339,567,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of SLB by 6,358.2% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,134,731 shares of the oil and gas company’s stock worth $471,164,000 after acquiring an additional 9,977,804 shares in the last quarter. Cardano Risk Management B.V. acquired a new position in shares of SLB in the second quarter worth $185,474,000. Canoe Financial LP grew its stake in shares of SLB by 82.3% in the second quarter. Canoe Financial LP now owns 7,730,966 shares of the oil and gas company’s stock worth $358,936,000 after acquiring an additional 3,489,344 shares in the last quarter. Finally, Danske Bank A S increased its position in shares of SLB by 2,928.3% during the second quarter. Danske Bank A S now owns 2,825,743 shares of the oil and gas company’s stock worth $131,369,000 after acquiring an additional 2,732,433 shares during the period. 81.99% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on SLB shares. TD Cowen reiterated a “buy” rating on shares of SLB in a report on Monday. Sanford C. Bernstein reissued an “outperform” rating on shares of SLB in a report on Tuesday, September 1st. Morgan Stanley increased their target price on SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Raymond James Financial decreased their target price on SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Finally, UBS Group lowered their price target on SLB from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday. Twenty-four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.52.
View Our Latest Research Report on SLB
SLB Company Profile
SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.
The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.
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