SLB Limited $SLB Holdings Raised by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC boosted its stake in shares of SLB Limited (NYSE:SLB) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,799 shares of the oil and gas company’s stock after purchasing an additional 12,320 shares during the quarter. SLB makes up approximately 1.8% of Murphy Pohlad Asset Management LLC’s holdings, making the stock its 16th largest position. Murphy Pohlad Asset Management LLC’s holdings in SLB were worth $4,790,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steph & Co. boosted its position in 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 purchasing an additional 394 shares during the period. Strategic Wealth Advisors LLC acquired a new position in SLB during the 4th quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SLB during the 4th quarter valued at approximately $31,000. Lloyd Advisory Services LLC. acquired a new position in SLB during the 4th quarter valued at approximately $31,000. Finally, Root Financial Partners LLC acquired a new position in SLB during the 3rd quarter valued at approximately $29,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

SLB Trading Down 0.0%

Shares of SLB stock opened at $57.27 on Tuesday. 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 Limited has a 1 year low of $31.64 and a 1 year high of $57.88. The stock has a fifty day moving average of $52.66 and a two-hundred day moving average of $46.65. The firm has a market capitalization of $85.63 billion, a PE ratio of 25.01, a price-to-earnings-growth ratio of 2.32 and a beta of 0.72.

SLB (NYSE:SLB) last announced its quarterly earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. SLB had a return on equity of 15.54% and a net margin of 9.26%.The company had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research 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 dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s payout ratio is 51.53%.

Analysts Set New Price Targets

A number of research firms recently issued reports on SLB. Citigroup boosted their price objective on SLB from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. boosted their price objective on SLB from $54.00 to $61.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. The Goldman Sachs Group boosted their price objective on SLB from $53.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Argus upgraded SLB to a “strong-buy” rating in a research report on Monday, January 26th. Finally, UBS Group boosted their price objective on SLB from $61.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.74.

Insiders Place Their Bets

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the company’s stock in a transaction 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 sale, the director owned 16,953 shares in the company, valued at $921,056.49. This represents a 10.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steve Matthew Gassen sold 53,379 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the completion of the sale, the executive vice president owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. This trade represents a 52.96% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.16% of the company’s stock.

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.