SLB Limited $SLB Shares Bought by Callan Family Office LLC

Callan Family Office LLC raised its stake in shares of SLB Limited (NYSE:SLB) by 128.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,856 shares of the oil and gas company’s stock after purchasing an additional 15,640 shares during the period. Callan Family Office LLC’s holdings in SLB were worth $957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in SLB in the 2nd quarter worth about $25,000. Root Financial Partners LLC purchased a new position in shares of SLB in the third quarter valued at approximately $29,000. Corsicana & Co. purchased a new position in shares of SLB in the third quarter valued at approximately $31,000. NewSquare Capital LLC boosted its stake in shares of SLB by 51.4% in 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. Finally, Kennebec Savings Bank increased its position in shares of SLB by 47.4% during the third quarter. Kennebec Savings Bank now owns 1,390 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 447 shares in the last quarter. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Insider Activity

In related news, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $2,982,000.00. Following the sale, the executive vice president directly owned 140,602 shares in the company, valued at approximately $6,987,919.40. The trade was a 29.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director La Chevardiere Patrick De sold 4,000 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $50.29, for a total transaction of $201,160.00. Following the completion of the transaction, the director directly owned 19,525 shares in the company, valued at $981,912.25. The trade was a 17.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 260,849 shares of company stock worth $11,668,003. 0.22% of the stock is currently owned by corporate insiders.

SLB Stock Performance

NYSE:SLB opened at $49.54 on Friday. The company’s 50-day moving average is $42.59 and its two-hundred day moving average is $37.56. SLB Limited has a 1-year low of $31.11 and a 1-year high of $51.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. The firm has a market capitalization of $74.08 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.49 and a beta of 0.73.

SLB (NYSE:SLB) last released its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS 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 firm had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts forecast 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. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.295 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SLB. Argus raised shares of SLB to a “strong-buy” rating in a research note on Monday, January 26th. UBS Group reissued a “buy” rating on shares of SLB in a research note on Tuesday, January 27th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $49.00 price objective on shares of SLB in a research note on Wednesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, Freedom Capital cut SLB from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.17.

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.