21,159 Shares in SLB Limited $SLB Acquired by Argonautica Private Wealth Management Inc.

Argonautica Private Wealth Management Inc. acquired a new position in SLB Limited (NYSE:SLB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,159 shares of the oil and gas company’s stock, valued at approximately $812,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLB. Brighton Jones LLC boosted its stake in SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock valued at $253,000 after purchasing an additional 1,166 shares in the last quarter. Bison Wealth LLC bought a new position in SLB during the 4th quarter valued at $238,000. Marshall Wace LLP bought a new position in SLB during the 2nd quarter valued at $8,628,000. Nebula Research & Development LLC boosted its stake in SLB by 76.0% during the 2nd quarter. Nebula Research & Development LLC now owns 24,373 shares of the oil and gas company’s stock valued at $824,000 after purchasing an additional 10,522 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its stake in SLB by 7.6% during the 2nd quarter. Diversify Advisory Services LLC now owns 11,326 shares of the oil and gas company’s stock valued at $373,000 after purchasing an additional 799 shares in the last quarter. 81.99% of the stock is owned by institutional investors.

Insider Transactions at SLB

In other SLB news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the completion of the transaction, the director owned 16,953 shares in the company, valued at $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction dated 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 transaction, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This represents a 52.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.16% of the stock is owned by company insiders.

SLB Stock Down 5.6%

SLB stock opened at $54.79 on Friday. SLB Limited has a twelve month low of $31.64 and a twelve month high of $58.82. The company has a market cap of $81.91 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.35 and a beta of 0.70. The business’s 50-day simple moving average is $54.22 and its 200 day simple moving average is $47.80. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35.

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 analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. On average, research analysts anticipate that SLB Limited will post 2.62 earnings per share for the current year.

SLB Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SLB. TD Cowen increased their price target on SLB from $55.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Susquehanna raised their price objective on SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Piper Sandler raised their price objective on SLB from $53.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen lowered SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three 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 given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.67.

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.