SLB Limited $SLB Shares Purchased by Capital International Sarl

Capital International Sarl increased its stake in shares of SLB Limited (NYSE:SLB) by 8.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 205,184 shares of the oil and gas company’s stock after acquiring an additional 15,639 shares during the period. Capital International Sarl’s holdings in SLB were worth $7,875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Wealth Advisors LLC acquired a new position in SLB during the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SLB during the 4th quarter worth approximately $31,000. Steph & Co. increased its holdings in SLB by 97.5% during the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 394 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in SLB during the 4th quarter worth approximately $31,000. Finally, Bruce G. Allen Investments LLC increased its holdings in SLB by 37.0% during the 4th quarter. Bruce G. Allen Investments LLC now owns 841 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 227 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 completion of the transaction, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $108,660.00. Following the transaction, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This represents a 10.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley set a $57.00 price objective on SLB in a report on Monday, April 27th. Piper Sandler lifted their price objective on SLB from $53.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. lifted their price objective on SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Barclays lifted their price objective on SLB from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, April 27th. Finally, Susquehanna lifted their price objective on SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.67.

SLB Price Performance

Shares of NYSE SLB opened at $54.79 on Monday. 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 has a market capitalization of $81.91 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.22 and a beta of 0.70. The business has a 50 day simple moving average of $54.22 and a 200-day simple moving average of $47.89.

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

SLB Dividend Announcement

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

About SLB

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.