Duncker Streett & Co. Inc. Has $3.67 Million Position in SLB Limited $SLB

Duncker Streett & Co. Inc. boosted its position in shares of SLB Limited (NYSE:SLB) by 8,145.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 71,490 shares of the oil and gas company’s stock after purchasing an additional 70,623 shares during the period. Duncker Streett & Co. Inc.’s holdings in SLB were worth $3,674,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. MV Capital Management Inc. acquired a new position in shares of SLB in the 4th quarter valued at approximately $28,000. Strategic Wealth Advisors LLC bought a new position in SLB in the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SLB during the fourth quarter valued at approximately $31,000. Steph & Co. lifted its stake in SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 394 shares during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of SLB in the 4th quarter valued at $31,000. 81.99% of the stock is owned by institutional investors.

SLB Stock Performance

SLB stock opened at $46.47 on Wednesday. The business has a 50 day moving average of $53.13 and a 200-day moving average of $49.79. The company has a market capitalization of $69.48 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.85 and a beta of 0.72. SLB Limited has a 1 year low of $31.64 and a 1 year high of $58.82. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98.

SLB (NYSE:SLB) last posted its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. SLB had a net margin of 9.26% and a return on equity of 15.54%. The business had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the company earned $0.72 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that SLB Limited will post 2.6 earnings per share for the current year.

SLB Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Wednesday, June 3rd will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. This represents a $1.18 annualized dividend and a dividend yield of 2.5%. SLB’s payout ratio is currently 51.53%.

Insiders Place Their Bets

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the sale, the executive vice president owned 47,421 shares in the company, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director La Chevardiere Patrick De sold 2,000 shares of the stock in a transaction dated 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 directly owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on SLB. Evercore reissued an “outperform” rating and set a $64.00 price target on shares of SLB in a report on Monday, April 27th. TD Cowen lowered their target price on SLB from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Susquehanna increased their target price on shares of SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a report on Monday, April 27th. Citigroup reduced their price target on shares of SLB from $68.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $61.00 price objective on shares of SLB in a research report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.17.

SLB 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.