Wilmington Savings Fund Society FSB Has $980,000 Stock Holdings in SLB Limited $SLB

Wilmington Savings Fund Society FSB decreased its position in shares of SLB Limited (NYSE:SLB) by 55.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,508 shares of the oil and gas company’s stock after selling 35,741 shares during the period. Wilmington Savings Fund Society FSB’s holdings in SLB were worth $980,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SLB in the 2nd quarter valued at approximately $25,000. Corsicana & Co. bought a new stake in SLB in the third quarter worth approximately $31,000. NewSquare Capital LLC increased its stake in shares of SLB by 51.4% during the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 341 shares during the last quarter. Kennebec Savings Bank boosted its holdings in SLB by 47.4% in the third quarter. Kennebec Savings Bank now owns 1,390 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 447 shares in the last quarter. Finally, Rise Advisors LLC increased its position in SLB by 63.9% during the third quarter. Rise Advisors LLC now owns 1,421 shares of the oil and gas company’s stock worth $49,000 after buying an additional 554 shares during the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at SLB

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total transaction of $2,261,400.00. Following the completion of the sale, the executive vice president directly owned 159,371 shares in the company, valued at $6,006,692.99. This represents a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Stephane Biguet sold 38,447 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25. Following the transaction, the chief financial officer owned 175,690 shares in the company, valued at $6,456,607.50. This represents a 17.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 103,947 shares of company stock worth $3,871,337 over the last ninety days. 0.22% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays dropped their price target on shares of SLB from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Rothschild Redb raised SLB to a “strong-buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. lowered their price objective on SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research report on Monday, October 20th. Royal Bank Of Canada reissued an “outperform” rating and issued a $51.00 target price on shares of SLB in a research note on Thursday. Finally, TD Cowen boosted their target price on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $53.17.

SLB Price Performance

NYSE:SLB opened at $46.73 on Monday. 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 firm’s fifty day moving average price is $39.02 and its two-hundred day moving average price is $36.28. SLB Limited has a one year low of $31.11 and a one year high of $47.72. The company has a market cap of $69.81 billion, a P/E ratio of 18.04 and a beta of 0.72.

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

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.