SLB Limited $SLB Position Increased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in shares of SLB Limited (NYSE:SLB) by 180.1% in the fourth quarter, HoldingsChannel reports. The firm owned 1,393,578 shares of the oil and gas company’s stock after purchasing an additional 895,987 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in SLB were worth $53,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MV Capital Management Inc. acquired a new stake in SLB in the fourth quarter worth $28,000. Strategic Wealth Advisors LLC acquired a new position in shares of SLB during the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SLB during the fourth quarter valued at $31,000. Steph & Co. grew its position in shares of SLB by 97.5% during the fourth quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 394 shares during the last quarter. Finally, Lloyd Advisory Services LLC. bought a new position in shares of SLB during the fourth quarter worth about $31,000. 81.99% of the stock is currently owned by institutional investors.

Insider Activity at SLB

In related news, EVP Steve Matthew Gassen sold 53,379 shares of the business’s stock in a transaction that occurred on 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 owned 47,421 shares of the company’s stock, valued at $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director La Chevardiere Patrick De sold 2,000 shares of the company’s 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 sale, the director owned 16,953 shares of the company’s stock, valued at $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.16% of the company’s stock.

SLB Price Performance

Shares of SLB opened at $48.12 on Friday. The firm has a market capitalization of $71.95 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.95 and a beta of 0.70. 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 one year low of $31.64 and a one year high of $58.82. The stock’s fifty day moving average is $54.69 and its 200-day moving average is $49.02.

SLB (NYSE:SLB) last posted 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 business had revenue of $8.72 billion during the quarter, compared to the consensus estimate of $8.76 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 earnings per share. Equities analysts anticipate that SLB Limited will post 2.62 EPS for the current year.

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Wednesday, June 3rd will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 3rd. SLB’s dividend payout ratio is currently 51.53%.

Analysts Set New Price Targets

SLB has been the topic of several recent research reports. BMO Capital Markets lifted their price objective on shares of SLB from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. UBS Group upped their target price on shares of SLB from $61.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Evercore restated an “outperform” rating and issued a $64.00 price target on shares of SLB in a research note on Monday, April 27th. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 price target on shares of SLB in a report on Sunday, April 26th. Finally, Weiss Ratings downgraded SLB from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, SLB has a consensus rating of “Moderate Buy” and a consensus target price of $60.83.

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.