Chilton Capital Management LLC Sells 1,225 Shares of SLB Limited $SLB

Chilton Capital Management LLC lowered its holdings in shares of SLB Limited (NYSE:SLB) by 6.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 18,803 shares of the oil and gas company’s stock after selling 1,225 shares during the period. Chilton Capital Management LLC’s holdings in SLB were worth $636,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Wealth Asset Management LLC grew its holdings in SLB by 2.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 14,382 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 308 shares during the period. EntryPoint Capital LLC raised its position in shares of SLB by 4.5% in the first quarter. EntryPoint Capital LLC now owns 7,348 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 316 shares in the last quarter. Horizon Investments LLC raised its position in shares of SLB by 1.5% in the first quarter. Horizon Investments LLC now owns 22,633 shares of the oil and gas company’s stock valued at $946,000 after buying an additional 330 shares in the last quarter. CreativeOne Wealth LLC raised its position in shares of SLB by 6.3% in the first quarter. CreativeOne Wealth LLC now owns 5,655 shares of the oil and gas company’s stock valued at $236,000 after buying an additional 335 shares in the last quarter. Finally, Forza Wealth Management LLC raised its position in SLB by 5.8% during the first quarter. Forza Wealth Management LLC now owns 6,374 shares of the oil and gas company’s stock valued at $266,000 after purchasing an additional 350 shares in the last quarter. Institutional investors own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the transaction, the insider directly owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLB. JPMorgan Chase & Co. lowered their price objective on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Melius Research initiated coverage on shares of SLB in a research note on Wednesday, August 20th. They issued a “buy” rating and a $82.00 price objective on the stock. UBS Group reissued a “buy” rating and issued a $44.00 price objective on shares of SLB in a research note on Tuesday, October 21st. Atb Cap Markets upgraded shares of SLB from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Barclays boosted their target price on shares of SLB from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and an average target price of $51.69.

SLB Trading Down 0.5%

SLB opened at $35.84 on Monday. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. The company’s 50-day moving average is $34.66 and its 200 day moving average is $34.54. The firm has a market capitalization of $53.55 billion, a PE ratio of 13.84, a P/E/G ratio of 9.92 and a beta of 0.97.

SLB (NYSE:SLB) last issued its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. SLB had a net margin of 10.34% and a return on equity of 18.97%. The business had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio is currently 44.02%.

SLB Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.