Leeward Investments LLC MA Has $15.86 Million Stock Position in SLB Limited $SLB

Leeward Investments LLC MA lowered its holdings in shares of SLB Limited (NYSE:SLB) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 308,543 shares of the oil and gas company’s stock after selling 10,686 shares during the quarter. Leeward Investments LLC MA’s holdings in SLB were worth $15,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MV Capital Management Inc. bought a new position in SLB during the fourth quarter valued at about $28,000. Strategic Wealth Advisors LLC acquired a new stake in shares of SLB in the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SLB during the 4th quarter worth about $31,000. Steph & Co. increased its holdings in shares of SLB by 97.5% during the 4th 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 during the last quarter. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of SLB during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

NYSE SLB opened at $47.93 on Wednesday. The stock has a 50-day simple moving average of $54.52 and a 200 day simple moving average of $49.27. SLB Limited has a twelve month low of $31.64 and a twelve month high of $58.82. The stock has a market capitalization of $71.66 billion, a PE ratio of 20.93, a P/E/G ratio of 1.92 and a beta of 0.70. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34.

SLB (NYSE:SLB) last released its earnings results 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. The firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. Research analysts anticipate that SLB Limited will post 2.62 EPS for the current year.

SLB Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be paid a $0.295 dividend. The ex-dividend date is Wednesday, June 3rd. This represents a $1.18 annualized dividend and a dividend yield of 2.5%. SLB’s dividend payout ratio (DPR) is presently 51.53%.

Insider Buying and Selling at SLB

In related news, 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 transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of the company’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 transaction, the director owned 16,953 shares of the company’s stock, valued at approximately $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SLB shares. Weiss Ratings lowered SLB from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Susquehanna increased their price target on SLB from $60.00 to $65.00 and gave the company a “positive” rating in a report on Monday, April 27th. The Goldman Sachs Group lifted their price target on shares of SLB from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Sanford C. Bernstein boosted their price objective on shares of SLB from $56.10 to $71.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $61.00 price objective on shares of SLB in a report on Tuesday, June 16th. Three equities 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.83.

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.