Czech National Bank Purchases 14,999 Shares of SLB Limited $SLB

Czech National Bank lifted its position in shares of SLB Limited (NYSE:SLBFree Report) by 4.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 393,925 shares of the oil and gas company’s stock after purchasing an additional 14,999 shares during the quarter. Czech National Bank’s holdings in SLB were worth $15,119,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Howard Capital Management Inc. lifted its stake in SLB by 3.2% in the 3rd quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company’s stock valued at $315,000 after acquiring an additional 288 shares in the last quarter. Daymark Wealth Partners LLC boosted its position in SLB by 3.2% during the 4th quarter. Daymark Wealth Partners LLC now owns 9,380 shares of the oil and gas company’s stock worth $360,000 after acquiring an additional 290 shares during the last quarter. Fielder Capital Group LLC grew its stake in shares of SLB by 2.5% during the 3rd quarter. Fielder Capital Group LLC now owns 12,137 shares of the oil and gas company’s stock worth $417,000 after acquiring an additional 293 shares in the last quarter. Hedges Asset Management LLC grew its stake in shares of SLB by 0.9% during the 3rd quarter. Hedges Asset Management LLC now owns 35,000 shares of the oil and gas company’s stock worth $1,203,000 after acquiring an additional 300 shares in the last quarter. Finally, Gables Capital Management Inc. raised its holdings in shares of SLB by 31.6% in the third quarter. Gables Capital Management Inc. now owns 1,250 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 300 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors.

SLB News Roundup

Here are the key news stories impacting SLB this week:

Insiders Place Their Bets

In related news, Director La Chevardiere Patrick De sold 4,000 shares of SLB stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $50.29, for a total transaction of $201,160.00. Following the completion of the transaction, the director owned 19,525 shares in the company, valued at approximately $981,912.25. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Stephane Biguet sold 61,017 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $3,032,544.90. Following the transaction, the chief financial officer directly owned 155,548 shares in the company, valued at approximately $7,730,735.60. This trade represents a 28.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 156,902 shares of company stock worth $7,796,666 in the last three months. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Citigroup boosted their price objective on shares of SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Piper Sandler lifted their price target on shares of SLB from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. TD Cowen boosted their price target on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Sanford C. Bernstein increased their price objective on shares of SLB from $52.30 to $56.10 and gave the stock an “outperform” rating in a research note on Thursday, March 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $50.00 price objective on shares of SLB in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SLB currently has an average rating of “Moderate Buy” and a consensus price target of $53.16.

Check Out Our Latest Research Report on SLB

SLB Price Performance

Shares of SLB opened at $52.40 on Friday. The company has a market cap of $78.74 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 3.69 and a beta of 0.68. SLB Limited has a 1-year low of $31.11 and a 1-year high of $52.69. The company’s fifty day simple moving average is $49.13 and its 200 day simple moving average is $41.17. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36.

SLB (NYSE:SLBGet Free Report) last announced its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $9.54 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts forecast that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, February 11th. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s payout ratio is currently 49.79%.

SLB Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SLB (NYSE:SLB)

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