111 Capital Sells 13,016 Shares of SLB Limited $SLB

111 Capital lowered its position in shares of SLB Limited (NYSE:SLB) by 58.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,255 shares of the oil and gas company’s stock after selling 13,016 shares during the quarter. 111 Capital’s holdings in SLB were worth $355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLB. Strategic Wealth Advisors LLC bought a new stake in shares of SLB during the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SLB during the fourth quarter valued at approximately $31,000. Steph & Co. increased its position in shares of SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 394 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of SLB during the fourth quarter valued at approximately $31,000. Finally, Bruce G. Allen Investments LLC increased its position in shares of SLB by 37.0% during the fourth quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 227 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

SLB Trading Down 5.6%

NYSE:SLB opened at $54.79 on Friday. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82. The company has a 50 day simple moving average of $54.22 and a two-hundred day simple moving average of $47.80. 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 has a market cap of $81.91 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.70.

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

SLB Dividend Announcement

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

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. The trade was a 10.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction on Friday, May 1st. The shares were 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 of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of SLB from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Sanford C. Bernstein raised their price target on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Susquehanna raised their price target on shares of SLB from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $61.00 target price on shares of SLB in a research report on Monday, April 27th. Finally, TD Cowen lifted their target price on shares of SLB from $55.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.67.

SLB Company 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.