SLB Limited $SLB Shares Purchased by Cambiar Investors LLC

Cambiar Investors LLC boosted its position in SLB Limited (NYSE:SLB) by 5.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,377,653 shares of the oil and gas company’s stock after acquiring an additional 67,850 shares during the quarter. SLB accounts for about 2.2% of Cambiar Investors LLC’s portfolio, making the stock its 16th largest position. Cambiar Investors LLC’s holdings in SLB were worth $47,350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in SLB by 21.4% during the fourth quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after acquiring an additional 1,166 shares during the last quarter. Bison Wealth LLC purchased a new position in SLB in the 4th quarter worth approximately $238,000. Patton Fund Management Inc. acquired a new position in shares of SLB during the 2nd quarter worth approximately $216,000. Avior Wealth Management LLC grew its position in shares of SLB by 70.4% in the second quarter. Avior Wealth Management LLC now owns 8,905 shares of the oil and gas company’s stock valued at $301,000 after purchasing an additional 3,678 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new stake in shares of SLB in the second quarter valued at approximately $280,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on SLB shares. Morgan Stanley reissued an “overweight” rating and set a $50.00 price objective on shares of SLB in a research note on Wednesday, January 21st. Stifel Nicolaus set a $56.00 price objective on shares of SLB in a report on Monday. Barclays raised their price objective on shares of SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday. Finally, Loop Capital set a $48.00 price target on shares of SLB in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $51.92.

Insider Transactions at SLB

In other SLB news, CAO Howard Guild sold 13,268 shares of SLB stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $659,419.60. Following the completion of the transaction, the chief accounting officer directly owned 22,407 shares of the company’s stock, valued at $1,113,627.90. The trade was a 37.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dianne B. Ralston sold 18,617 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.50, for a total transaction of $921,541.50. Following the sale, the insider directly owned 224,097 shares in the company, valued at $11,092,801.50. This represents a 7.67% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is owned by corporate insiders.

SLB Price Performance

SLB stock opened at $50.70 on Wednesday. The company’s 50 day simple moving average is $40.71 and its 200-day simple moving average is $36.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. SLB Limited has a 1 year low of $31.11 and a 1 year high of $51.67. The company has a market capitalization of $75.81 billion, a price-to-earnings ratio of 21.39 and a beta of 0.72.

SLB (NYSE:SLB) last posted its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The firm had revenue of $9.75 billion during the quarter, compared to analysts’ expectations of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. As a group, equities research analysts expect that SLB Limited will post 3.38 earnings per share for the current year.

SLB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, February 11th. This is a boost from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. SLB’s payout ratio is presently 48.10%.

More SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised ratings/targets and issued bullish notes (BofA raised to $55, BMO to $55, Susquehanna to $58, RBC to $54, JPMorgan to $54; Argus upgraded to “strong-buy”), supporting upside expectations and buy-side demand. Analyst Upgrades Summary
• Neutral Sentiment: Analysts and commentators are re-examining SLB’s role in evolving energy markets and international revenue trends — pieces that provide context on valuation and growth drivers but are not immediate catalysts. Is SLB Pricing Reflect Its Role In Evolving Energy Markets? Interpreting SLB International Revenue Trends
• Negative Sentiment: SLB’s joint venture with Aker Carbon Capture reported a loss on a carbon-capture project, raising near-term execution/asset-quality questions for the CC business. That news could temper enthusiasm for SLB’s energy-transition growth narrative. SLB and Aker CC venture hit by loss on carbon capture project
• Negative Sentiment: Several senior insiders sold material stakes on Jan. 26 (CFO Stéphane Biguet, EVP Abdellah Merad, CAO Howard Guild, director La Chevardière Patrick De, and insider Dianne Ralston). Large insider disposals can be perceived negatively by the market even if they’re routine or for diversification. SEC filings: CFO Read More.; CAO Read More.; EVP Read More.; director Read More.; insider Ralston Read More.

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.