GSA Capital Partners LLP Invests $926,000 in SLB Limited $SLB

GSA Capital Partners LLP purchased a new position in SLB Limited (NYSE:SLB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 24,118 shares of the oil and gas company’s stock, valued at approximately $926,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of SLB by 9.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,677,257 shares of the oil and gas company’s stock worth $57,647,000 after buying an additional 147,175 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of SLB by 3.0% in the 3rd quarter. New York State Common Retirement Fund now owns 1,879,137 shares of the oil and gas company’s stock worth $64,586,000 after buying an additional 54,600 shares during the last quarter. National Pension Service increased its holdings in shares of SLB by 3.7% in the 3rd quarter. National Pension Service now owns 1,973,518 shares of the oil and gas company’s stock worth $67,830,000 after buying an additional 69,826 shares during the last quarter. State of Michigan Retirement System increased its holdings in shares of SLB by 7.9% in the 3rd quarter. State of Michigan Retirement System now owns 461,838 shares of the oil and gas company’s stock worth $15,873,000 after buying an additional 33,700 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of SLB by 67.6% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 273,210 shares of the oil and gas company’s stock worth $9,390,000 after buying an additional 110,177 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at $2,664,111.78. This represents a 52.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the sale, the director directly owned 16,953 shares of the company’s stock, valued at $921,056.49. The trade was a 10.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.16% of the company’s stock.

SLB Trading Up 0.0%

Shares of SLB opened at $57.27 on Friday. The stock has a market capitalization of $85.63 billion, a P/E ratio of 25.01, a PEG ratio of 2.32 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $52.40 and a two-hundred day simple moving average of $46.43. SLB Limited has a twelve month low of $31.64 and a twelve month high of $57.88.

SLB (NYSE:SLB) last announced its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. On average, research analysts anticipate that SLB Limited will post 2.61 EPS for the current year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders 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 annualized dividend and a yield of 2.1%. SLB’s dividend payout ratio is presently 51.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Sanford C. Bernstein increased their target price on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Morgan Stanley set a $57.00 target price on shares of SLB in a report on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 target price on shares of SLB in a report on Sunday, April 26th. Evercore reaffirmed an “outperform” rating and set a $64.00 target price on shares of SLB in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. increased their target price on shares of SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, SLB presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.74.

About SLB

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.