SLB Limited $SLB Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its stake in shares of SLB Limited (NYSE:SLB) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 518,117 shares of the oil and gas company’s stock after selling 10,690 shares during the quarter. Groupama Asset Managment’s holdings in SLB were worth $26,626,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GKV Capital Management Co. Inc. purchased a new stake in shares of SLB during the first quarter valued at approximately $206,000. Vestor Capital LLC boosted its stake in shares of SLB by 663.2% in the first quarter. Vestor Capital LLC now owns 1,099 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 955 shares during the period. Liontrust Investment Partners LLP purchased a new position in shares of SLB in the first quarter valued at $5,987,000. Boothe Investment Group Inc. grew its holdings in SLB by 0.6% during the 1st quarter. Boothe Investment Group Inc. now owns 158,750 shares of the oil and gas company’s stock valued at $8,158,000 after purchasing an additional 911 shares in the last quarter. Finally, Western Wealth Management LLC grew its holdings in SLB by 15.1% during the 1st quarter. Western Wealth Management LLC now owns 7,544 shares of the oil and gas company’s stock valued at $388,000 after purchasing an additional 990 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the completion of the transaction, the director directly owned 16,953 shares in the company, valued at approximately $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SLB. JPMorgan Chase & Co. lifted their price target on shares of SLB from $54.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Barclays upped their price objective on shares of SLB from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday. TD Cowen lifted their target price on SLB from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings cut SLB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Citigroup reduced their price target on SLB from $68.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $61.35.

SLB Trading Up 1.4%

NYSE SLB opened at $49.58 on Friday. SLB Limited has a 12 month low of $31.64 and a 12 month high of $58.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.44 and a quick ratio of 1.05. The company has a market capitalization of $73.59 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 3.24 and a beta of 0.72. The company’s fifty day moving average price is $50.43 and its two-hundred day moving average price is $50.76.

SLB (NYSE:SLB) last announced its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $8.97 billion during the quarter, compared to analyst estimates of $8.67 billion. SLB had a net margin of 8.53% and a return on equity of 14.05%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.74 EPS. As a group, research analysts predict that SLB Limited will post 2.49 earnings per share for the current fiscal year.

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 annualized dividend and a dividend yield of 2.4%. SLB’s dividend payout ratio (DPR) is presently 57.00%.

SLB 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.