SLB Limited $SLB Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its position in shares of SLB Limited (NYSE:SLB) by 65.3% during the fourth quarter, Holdings Channel reports. The fund owned 7,342 shares of the oil and gas company’s stock after selling 13,793 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in SLB were worth $277,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SLB. Vanguard Group Inc. boosted its position in SLB by 23.3% during the third quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock worth $6,371,335,000 after acquiring an additional 35,057,313 shares during the last quarter. State Street Corp boosted its position in SLB by 7.0% during the third quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock worth $2,898,037,000 after acquiring an additional 5,466,786 shares during the last quarter. Greenhaven Associates Inc. acquired a new stake in SLB during the fourth quarter worth approximately $178,883,000. Caisse de depot et placement du Quebec boosted its position in SLB by 10,422.1% during the third quarter. Caisse de depot et placement du Quebec now owns 3,165,581 shares of the oil and gas company’s stock worth $108,801,000 after acquiring an additional 3,135,496 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in SLB by 25.2% during the third quarter. Dimensional Fund Advisors LP now owns 15,366,347 shares of the oil and gas company’s stock worth $528,217,000 after acquiring an additional 3,094,764 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SLB. Loop Capital set a $48.00 target price on shares of SLB in a research report on Tuesday, January 27th. Freedom Capital lowered shares of SLB from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Evercore reaffirmed an “outperform” rating and set a $64.00 price target on shares of SLB in a research note on Monday, April 27th. Bank of America increased their price target on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Wall Street Zen downgraded shares of SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three research 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. According to data from MarketBeat.com, SLB has an average rating of “Moderate Buy” and an average price target of $59.74.

SLB Stock Performance

SLB stock opened at $55.33 on Friday. SLB Limited has a 12-month low of $31.64 and a 12-month high of $57.20. The company has a market capitalization of $82.72 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 3.92 and a beta of 0.72. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The firm’s fifty day moving average price is $51.44 and its 200 day moving average price is $45.70.

SLB (NYSE:SLB) last announced its quarterly earnings data on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $8.72 billion during the quarter, compared to analyst estimates of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $0.72 EPS. On average, research analysts forecast that SLB Limited will post 2.61 EPS for the current fiscal year.

SLB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Wednesday, June 3rd will be issued a dividend of $0.295 per share. 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 dividend payout ratio (DPR) is currently 51.53%.

Insider Buying and Selling at SLB

In other SLB news, EVP Steve Matthew Gassen sold 53,379 shares of the firm’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 completion of the transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at $2,664,111.78. This trade represents a 52.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the transaction, the director directly owned 16,953 shares of the company’s stock, 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. 0.16% of the stock is owned by company insiders.

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.