Thompson Siegel & Walmsley LLC Buys 9,511 Shares of SLB Limited $SLB

Thompson Siegel & Walmsley LLC increased its holdings in SLB Limited (NYSE:SLB) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 168,701 shares of the oil and gas company’s stock after acquiring an additional 9,511 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in SLB were worth $6,475,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Waterloo Capital L.P. bought a new stake in shares of SLB during the fourth quarter valued at approximately $222,000. Nomura Asset Management Co. Ltd. increased its holdings in shares of SLB by 1.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 515,139 shares of the oil and gas company’s stock worth $19,771,000 after buying an additional 5,681 shares during the last quarter. Parr Mcknight Wealth Management Group LLC increased its holdings in shares of SLB by 5.3% in the 4th quarter. Parr Mcknight Wealth Management Group LLC now owns 9,897 shares of the oil and gas company’s stock worth $380,000 after buying an additional 500 shares during the last quarter. AXS Investments LLC purchased a new position in shares of SLB during the 4th quarter worth about $36,000. Finally, MUFG Securities EMEA plc boosted its stake in shares of SLB by 114.4% during the 4th quarter. MUFG Securities EMEA plc now owns 61,233 shares of the oil and gas company’s stock worth $2,350,000 after purchasing an additional 32,676 shares during the period. 81.99% of the stock is currently owned by hedge funds and other institutional investors.

SLB Price Performance

SLB stock opened at $54.78 on Tuesday. The business has a fifty day moving average of $53.66 and a two-hundred day moving average of $47.32. 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 stock has a market cap of $81.91 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.21 and a beta of 0.72. SLB Limited has a 52-week low of $31.64 and a 52-week high of $58.82.

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, beating analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the previous year, the company earned $0.72 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts anticipate that SLB Limited will post 2.62 earnings per share for the current year.

SLB Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.295 per share. The ex-dividend date is Wednesday, June 3rd. This represents a $1.18 annualized dividend and a yield of 2.2%. SLB’s payout ratio is presently 51.53%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SLB shares. JPMorgan Chase & Co. boosted their price objective on shares of SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Sanford C. Bernstein lifted their price objective on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a report on Monday, May 11th. BMO Capital Markets increased their target price on shares of SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Citigroup upped their price target on shares of SLB from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Susquehanna raised their price objective on SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, April 27th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, SLB has a consensus rating of “Moderate Buy” and an average price target of $59.74.

Insider Buying and Selling at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.16% 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.