ASR Vermogensbeheer N.V. Raises Stock Position in SLB Limited $SLB

ASR Vermogensbeheer N.V. raised its holdings in shares of SLB Limited (NYSE:SLB) by 0.8% during the third quarter, Holdings Channel.com reports. The fund owned 1,586,709 shares of the oil and gas company’s stock after buying an additional 11,819 shares during the period. SLB accounts for approximately 0.7% of ASR Vermogensbeheer N.V.’s portfolio, making the stock its 24th largest position. ASR Vermogensbeheer N.V.’s holdings in SLB were worth $54,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC bought a new stake in SLB during the 2nd quarter valued at approximately $25,000. Atticus Wealth Management LLC purchased a new stake in SLB during the 2nd quarter valued at approximately $29,000. Corsicana & Co. bought a new stake in shares of SLB during the third quarter valued at approximately $31,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of SLB by 55.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 983 shares of the oil and gas company’s stock worth $33,000 after buying an additional 350 shares in the last quarter. Finally, NewSquare Capital LLC boosted its position in shares of SLB by 51.4% during the second quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 341 shares during the last quarter. Institutional investors own 81.99% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Stephane Biguet sold 38,447 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the transaction, the chief financial officer directly owned 175,690 shares of the company’s stock, valued at approximately $6,456,607.50. This trade represents a 17.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $35.82, for a total transaction of $197,010.00. Following the sale, the director directly owned 18,671 shares of the company’s stock, valued at $668,795.22. This represents a 22.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 103,947 shares of company stock worth $3,871,337 in the last three months. Corporate insiders own 0.22% of the company’s stock.

SLB Stock Up 0.3%

NYSE:SLB opened at $46.73 on Friday. The company has a market cap of $69.81 billion, a price-to-earnings ratio of 18.04 and a beta of 0.72. SLB Limited has a twelve month low of $31.11 and a twelve month high of $47.72. The company has a current ratio of 1.39, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $39.02 and a 200-day simple moving average of $36.27.

SLB (NYSE:SLB) last posted its quarterly earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. SLB had a net margin of 10.34% and a return on equity of 18.97%. The company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the firm posted $0.89 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that SLB Limited will post 3.38 EPS for the current year.

Wall Street Analysts Forecast Growth

SLB has been the topic of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of SLB in a report on Wednesday, October 8th. TD Cowen raised their price objective on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. UBS Group boosted their target price on SLB from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Susquehanna increased their price target on SLB from $42.00 to $52.00 and gave the company a “positive” rating in a research note on Wednesday, January 7th. Finally, Piper Sandler lifted their price objective on SLB from $42.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, December 18th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.17.

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.