SLB Limited $SLB Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC lowered its position in SLB Limited (NYSE:SLB) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 153,790 shares of the oil and gas company’s stock after selling 15,208 shares during the quarter. New Age Alpha Advisors LLC’s holdings in SLB were worth $5,902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HBK Sorce Advisory LLC boosted its holdings in SLB by 4.1% in the fourth quarter. HBK Sorce Advisory LLC now owns 14,358 shares of the oil and gas company’s stock valued at $551,000 after acquiring an additional 560 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in SLB by 7.5% in the fourth quarter. Hantz Financial Services Inc. now owns 5,104 shares of the oil and gas company’s stock valued at $196,000 after acquiring an additional 357 shares during the last quarter. Swedbank AB boosted its holdings in SLB by 24.4% in the fourth quarter. Swedbank AB now owns 617,630 shares of the oil and gas company’s stock valued at $23,705,000 after acquiring an additional 121,174 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SLB in the fourth quarter valued at $44,000. Finally, Heritage Wealth Management Inc. Texas raised its position in SLB by 7.9% in the fourth quarter. Heritage Wealth Management Inc. Texas now owns 12,171 shares of the oil and gas company’s stock valued at $467,000 after purchasing an additional 895 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Transactions at SLB

In other news, EVP Steve Matthew Gassen sold 53,379 shares of SLB stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $56.18, for a total transaction of $2,998,832.22. Following the sale, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director La Chevardiere Patrick De sold 2,000 shares of SLB stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $54.33, for a total value of $108,660.00. Following the sale, the director directly 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 SEC filing for this sale provides additional information. 0.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on SLB. Piper Sandler raised their price objective on SLB from $53.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. UBS Group raised 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. JPMorgan Chase & Co. raised 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. Wall Street Zen lowered SLB from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, The Goldman Sachs Group raised 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. Three equities research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.74.

SLB Trading Down 0.0%

NYSE:SLB opened at $57.27 on Monday. SLB Limited has a 12 month low of $31.64 and a 12 month high of $57.88. 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. 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 business’s 50-day moving average is $52.40 and its two-hundred day moving average is $46.50.

SLB (NYSE:SLB) last announced its 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 business had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that SLB Limited will post 2.61 earnings per share for the current fiscal year.

SLB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s payout ratio is presently 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.