SLB Limited $SLB Shares Sold by Osterweis Capital Management Inc.

Osterweis Capital Management Inc. trimmed its stake in shares of SLB Limited (NYSE:SLB) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 363,472 shares of the oil and gas company’s stock after selling 9,862 shares during the period. Osterweis Capital Management Inc.’s holdings in SLB were worth $16,898,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in SLB by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 186,455,878 shares of the oil and gas company’s stock valued at $7,156,177,000 after buying an additional 1,080,999 shares in the last quarter. State Street Corp increased its stake in SLB by 1.0% during the 4th quarter. State Street Corp now owns 84,417,217 shares of the oil and gas company’s stock worth $3,263,998,000 after buying an additional 799,218 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in SLB by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 54,006,438 shares of the oil and gas company’s stock worth $2,072,844,000 after buying an additional 1,458,650 shares in the last quarter. Morgan Stanley raised its holdings in shares of SLB by 1.3% during the fourth quarter. Morgan Stanley now owns 37,095,243 shares of the oil and gas company’s stock valued at $1,423,716,000 after acquiring an additional 482,533 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of SLB by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 33,840,883 shares of the oil and gas company’s stock valued at $1,292,993,000 after acquiring an additional 510,747 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Price Performance

SLB stock opened at $53.99 on Tuesday. SLB Limited has a 1 year low of $31.64 and a 1 year 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 firm has a market capitalization of $80.14 billion, a PE ratio of 26.08, a price-to-earnings-growth ratio of 3.55 and a beta of 0.73. The business has a 50 day simple moving average of $49.30 and a 200-day simple moving average of $51.29.

SLB (NYSE:SLB) last announced its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. The firm had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.67 billion. SLB had a return on equity of 14.05% and a net margin of 8.53%.The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. Equities research analysts anticipate that SLB Limited will post 2.5 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, October 8th. Shareholders of record on Wednesday, September 2nd will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.2%. SLB’s dividend payout ratio (DPR) is 57.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SLB. JPMorgan Chase & Co. raised their target price on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Piper Sandler raised their price objective on SLB from $59.00 to $64.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SLB in a research note on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $66.00 target price on shares of SLB in a report on Sunday, July 26th. Finally, Sanford C. Bernstein increased their target price on shares of SLB from $56.10 to $71.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.35.

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.