SLB (NYSE:SLB) Director La Chevardiere Patrick De Sells 2,000 Shares

SLB Limited (NYSE:SLB) Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the sale, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SLB Price Performance

Shares of SLB stock traded down $2.13 during trading on Thursday, hitting $53.04. The stock had a trading volume of 16,613,611 shares, compared to its average volume of 19,210,723. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The firm has a market cap of $79.29 billion, a P/E ratio of 23.16, a PEG ratio of 3.95 and a beta of 0.72. The business has a fifty day moving average of $50.85 and a two-hundred day moving average of $44.77. SLB Limited has a fifty-two week low of $31.64 and a fifty-two week high of $57.20.

SLB (NYSE:SLB) last announced its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 earnings per share. On average, sell-side analysts expect that SLB Limited will post 2.6 earnings per share for the current fiscal year.

SLB Announces Dividend

The business 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. 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%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SLB. Abel Hall LLC grew its stake in SLB by 2.7% in the first quarter. Abel Hall LLC now owns 7,535 shares of the oil and gas company’s stock valued at $387,000 after purchasing an additional 198 shares in the last quarter. Private Wealth Asset Management LLC grew its stake in SLB by 4.1% in the fourth quarter. Private Wealth Asset Management LLC now owns 5,041 shares of the oil and gas company’s stock valued at $193,000 after purchasing an additional 200 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in SLB by 9.3% in the first quarter. Capital Advisors Ltd. LLC now owns 2,503 shares of the oil and gas company’s stock valued at $129,000 after purchasing an additional 214 shares in the last quarter. Ballentine Partners LLC grew its stake in SLB by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 10,288 shares of the oil and gas company’s stock valued at $395,000 after purchasing an additional 218 shares in the last quarter. Finally, Davis Capital Management grew its stake in SLB by 1.0% in the first quarter. Davis Capital Management now owns 21,968 shares of the oil and gas company’s stock valued at $1,129,000 after purchasing an additional 220 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Evercore reaffirmed an “outperform” rating and set a $64.00 target price on shares of SLB in a research report on Monday, April 27th. Argus raised SLB to a “strong-buy” rating in a research report on Monday, January 26th. Stifel Nicolaus boosted their target price on SLB from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 target price on shares of SLB in a research report on Monday, April 27th. Finally, BMO Capital Markets upped their price target on SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SLB currently has an average rating of “Moderate Buy” and an average target price of $59.74.

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.