SLB Limited $SLB Position Lowered by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of SLB Limited (NYSE:SLB) by 96.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,215 shares of the oil and gas company’s stock after selling 311,869 shares during the period. Segall Bryant & Hamill LLC’s holdings in SLB were worth $385,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SLB. Synergy Asset Management LLC grew its holdings in SLB by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock worth $2,732,000 after buying an additional 40,415 shares in the last quarter. Americana Partners LLC lifted its position in shares of SLB by 10.1% during the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after acquiring an additional 22,706 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in SLB by 13.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock worth $7,220,000 after purchasing an additional 25,417 shares in the last quarter. Nordea Investment Management AB boosted its stake in SLB by 4.9% in the 3rd quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after purchasing an additional 100,918 shares during the period. Finally, Bank Pictet & Cie Europe AG raised its position in SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock valued at $34,265,000 after buying an additional 948,015 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of SLB from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Argus raised SLB to a “strong-buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. raised their price objective on SLB from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Loop Capital set a $48.00 price target on shares of SLB in a research note on Tuesday, January 27th. Finally, Sanford C. Bernstein upped their target price on shares of SLB from $47.60 to $52.30 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Three 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.96.

SLB Price Performance

Shares of SLB stock opened at $46.86 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The firm has a market cap of $70.41 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 3.22 and a beta of 0.68. The stock has a 50-day moving average price of $47.73 and a 200 day moving average price of $39.98. SLB Limited has a 12 month low of $31.11 and a 12 month high of $52.45.

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, beating the consensus estimate of $0.74 by $0.04. SLB had a net margin of 9.45% and a return on equity of 17.45%. The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same period in the prior year, the business posted $0.92 earnings per share. SLB’s revenue was up 5.0% compared to the same quarter last year. Research analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.5%. This is an increase from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio is currently 49.79%.

Insider Buying and Selling

In other news, CFO Stephane Biguet sold 61,017 shares of SLB stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $3,032,544.90. Following the sale, the chief financial officer directly owned 155,548 shares in the company, valued at $7,730,735.60. This trade represents a 28.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Howard Guild sold 13,268 shares of the company’s 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 sale, the chief accounting officer owned 22,407 shares in the company, valued at $1,113,627.90. The trade was a 37.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 156,902 shares of company stock valued at $7,796,666. 0.22% of the stock is owned by corporate insiders.

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.