Vise Technologies Inc. Buys 17,181 Shares of SLB Limited $SLB

Vise Technologies Inc. increased its stake in SLB Limited (NYSE:SLB) by 89.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,301 shares of the oil and gas company’s stock after buying an additional 17,181 shares during the quarter. Vise Technologies Inc.’s holdings in SLB were worth $1,393,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in SLB by 4.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,141,868 shares of the oil and gas company’s stock worth $126,303,000 after buying an additional 128,660 shares during the last quarter. Alberta Investment Management Corp bought a new stake in SLB in the third quarter worth $3,334,000. Cibc World Market Inc. increased its stake in SLB by 48.7% in the fourth quarter. Cibc World Market Inc. now owns 1,367,063 shares of the oil and gas company’s stock worth $52,468,000 after purchasing an additional 447,667 shares during the period. Oppenheimer & Co. Inc. increased its stake in SLB by 65.0% in the fourth quarter. Oppenheimer & Co. Inc. now owns 205,796 shares of the oil and gas company’s stock worth $7,898,000 after purchasing an additional 81,045 shares during the period. Finally, Principal Financial Group Inc. increased its stake in SLB by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 1,719,469 shares of the oil and gas company’s stock worth $65,993,000 after purchasing an additional 42,212 shares during the period. 81.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director La Chevardiere Patrick De sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total transaction of $108,660.00. Following the sale, the director owned 16,953 shares in the company, valued at approximately $921,056.49. The trade was a 10.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 47,421 shares in the company, valued at $2,664,111.78. The trade was a 52.96% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.16% of the stock is owned by insiders.

Analysts Set New Price Targets

SLB has been the topic of a number of recent analyst reports. Barclays increased their target price on SLB from $49.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. The Goldman Sachs Group increased their target price on SLB from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Susquehanna increased their target price on SLB from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Monday, April 27th. TD Cowen increased their target price on SLB from $55.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Weiss Ratings lowered SLB from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.67.

SLB Price Performance

SLB opened at $56.52 on Tuesday. The business’s 50-day moving average is $54.30 and its two-hundred day moving average is $48.03. 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 0.35, a current ratio of 1.34 and a quick ratio of 0.98. The firm has a market capitalization of $84.50 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.22 and a beta of 0.70.

SLB (NYSE:SLB) last posted its earnings results on Saturday, April 25th. The oil and gas company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Research analysts anticipate that SLB Limited will post 2.62 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, July 9th. Shareholders of record on Wednesday, June 3rd will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, June 3rd. SLB’s payout ratio is 51.53%.

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.