SLB (NYSE:SLB) EVP Sells $2,982,000.00 in Stock

SLB Limited (NYSE:SLB) EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction on Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the sale, the executive vice president directly owned 140,602 shares of the company’s stock, valued at $6,987,919.40. This represents a 29.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Abdellah Merad also recently made the following trade(s):

• On Tuesday, November 11th, Abdellah Merad sold 60,000 shares of SLB stock. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00.

SLB Price Performance

Shares of SLB stock traded up $1.00 during trading on Tuesday, hitting $50.70. 17,295,012 shares of the stock traded hands, compared to its average volume of 24,034,680. The stock has a market cap of $75.74 billion, a price-to-earnings ratio of 21.39 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. SLB Limited has a 52 week low of $31.11 and a 52 week high of $51.67. The firm’s fifty day moving average is $40.42 and its 200-day moving average is $36.80.

SLB (NYSE:SLB) last announced 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. SLB had a net margin of 9.45% and a return on equity of 17.45%. The firm had revenue of $9.75 billion during the quarter, compared to analyst estimates of $9.54 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors 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 annualized dividend and a dividend yield of 2.3%. SLB’s payout ratio is 49.79%.

Analyst Ratings Changes

SLB has been the topic of several research reports. Rothschild & Co Redburn assumed coverage on SLB in a research report on Monday, November 3rd. They set a “buy” rating and a $48.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $49.00 target price on shares of SLB in a report on Wednesday, January 14th. UBS Group restated a “buy” rating on shares of SLB in a research note on Tuesday. Finally, Sanford C. Bernstein increased their target price on SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $51.92.

Key Stories Impacting SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Major brokerages raised ratings and price targets (JPMorgan raised target to $54, RBC to $54, Susquehanna to $58, BofA to $55, BMO to $55), signaling stronger earnings/market expectations and providing upside to the current price. Benzinga coverage RBC / The Fly
• Positive Sentiment: Argus upgraded SLB to a “strong-buy,” adding independent analyst support for near-term upside. Zacks/Argus note
• Neutral Sentiment: Analytical coverage raising questions about valuation vs. SLB’s role in evolving energy markets and its exposure to international revenue — useful context for investors assessing longer-term multiples and geographic risk. Yahoo finance: Pricing piece Zacks: International revenue trends
• Negative Sentiment: SLB and Aker Carbon Capture reported a loss on a carbon-capture project, which may weigh on margins for that business line and raises execution risk in CC ventures. Upstream: carbon-capture loss
• Negative Sentiment: A company director (Patrick De La Chevardière) sold 4,000 shares at about $50.29, reducing his stake ~17% (retains 19,525 shares). Insider selling can be viewed negatively even if it may reflect personal liquidity rather than company outlook. SEC filing: SEC Form 4

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Foster Victor Wealth Advisors LLC increased its position in shares of SLB by 3.0% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company’s stock valued at $318,000 after purchasing an additional 238 shares during the last quarter. apricus wealth LLC increased its position in SLB by 0.3% in the fourth quarter. apricus wealth LLC now owns 84,740 shares of the oil and gas company’s stock worth $3,252,000 after buying an additional 270 shares in the last quarter. Private Trust Co. NA increased its holdings in SLB by 9.2% in the 4th quarter. Private Trust Co. NA now owns 3,277 shares of the oil and gas company’s stock worth $126,000 after acquiring an additional 277 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in SLB by 3.2% during the third quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company’s stock valued at $315,000 after purchasing an additional 288 shares in the last quarter. Finally, Daymark Wealth Partners LLC boosted its position in shares of SLB by 3.2% in the fourth quarter. Daymark Wealth Partners LLC now owns 9,380 shares of the oil and gas company’s stock worth $360,000 after purchasing an additional 290 shares during the period. Institutional investors own 81.99% of the company’s stock.

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.