Hills Bank & Trust Co Has $1.18 Million Stake in SLB Limited $SLB

Hills Bank & Trust Co trimmed its position in shares of SLB Limited (NYSE:SLB) by 23.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,661 shares of the oil and gas company’s stock after selling 9,450 shares during the quarter. Hills Bank & Trust Co’s holdings in SLB were worth $1,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Qsemble Capital Management LP raised its stake in shares of SLB by 45.0% in the 4th quarter. Qsemble Capital Management LP now owns 203,950 shares of the oil and gas company’s stock valued at $7,828,000 after acquiring an additional 63,255 shares in the last quarter. Financial Security Advisor Inc. raised its stake in shares of SLB by 102.1% in the 4th quarter. Financial Security Advisor Inc. now owns 23,761 shares of the oil and gas company’s stock valued at $918,000 after acquiring an additional 12,003 shares in the last quarter. Stephens Inc. AR raised its stake in shares of SLB by 2.2% in the 4th quarter. Stephens Inc. AR now owns 28,219 shares of the oil and gas company’s stock valued at $1,083,000 after acquiring an additional 619 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of SLB in the 4th quarter valued at approximately $820,000. Finally, Lockheed Martin Investment Management Co. raised its stake in shares of SLB by 20.7% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 44,650 shares of the oil and gas company’s stock valued at $1,714,000 after acquiring an additional 7,660 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on SLB from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Argus raised SLB to a “strong-buy” rating in a research note on Monday, January 26th. Weiss Ratings downgraded SLB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Barclays raised their price objective on SLB from $49.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $61.00 price objective on shares of SLB in a research note on Monday, April 27th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, SLB presently has a consensus rating of “Moderate Buy” and an average target price of $59.74.

SLB Stock Performance

Shares of NYSE SLB opened at $55.33 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $51.44 and its two-hundred day moving average is $45.70. The company has a market cap of $82.72 billion, a P/E ratio of 24.16, a P/E/G ratio of 3.90 and a beta of 0.72. SLB Limited has a 12 month low of $31.64 and a 12 month high of $57.20.

SLB (NYSE:SLB) last issued its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $8.76 billion. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 EPS. On average, equities analysts expect that SLB Limited will post 2.61 EPS for the current year.

SLB Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s payout ratio is currently 51.53%.

Insider Activity at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at $2,664,111.78. The trade was a 52.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction that occurred on 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 represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.16% of the company’s stock.

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.