Fidelis Capital Partners LLC Acquires New Position in SLB Limited $SLB

Fidelis Capital Partners LLC purchased a new stake in SLB Limited (NYSE:SLB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 18,262 shares of the oil and gas company’s stock, valued at approximately $701,000.

Other large investors have also modified their holdings of the company. Strategic Wealth Advisors LLC bought a new stake in shares of SLB in the 4th quarter valued at about $30,000. Strengthening Families & Communities LLC bought a new stake in shares of SLB in the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SLB in the 4th quarter valued at about $31,000. Steph & Co. raised its holdings in shares of SLB by 97.5% in the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 394 shares in the last quarter. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of SLB in the 4th quarter valued at about $31,000. Institutional investors own 81.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SLB shares. Wall Street Zen lowered shares of SLB from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings lowered shares of SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Barclays boosted their price target on shares of SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Royal Bank Of Canada restated an “outperform” rating and issued a $61.00 price target on shares of SLB in a report on Monday, April 27th. Finally, Stifel Nicolaus boosted their price target on shares of SLB from $56.00 to $61.00 and gave the company a “buy” rating in a report 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 given a Sell rating to the company’s stock. According to MarketBeat, SLB presently has an average rating of “Moderate Buy” and an average target price of $59.74.

SLB Stock Down 1.2%

NYSE:SLB opened at $54.44 on Friday. The company has a market cap of $81.39 billion, a PE ratio of 23.77, a P/E/G ratio of 2.23 and a beta of 0.72. SLB Limited has a twelve month low of $31.64 and a twelve month high of $58.82. The company has a current ratio of 1.34, a quick ratio of 0.98 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $53.52 and its two-hundred day moving average is $47.12.

SLB (NYSE:SLB) last released its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. SLB’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 EPS. Analysts anticipate that SLB Limited will post 2.62 EPS for the current year.

SLB Announces Dividend

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

Insider Activity at SLB

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction that occurred 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 sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 47,421 shares in the company, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their position. The SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by insiders.

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.