Vise Technologies Inc. Buys 17,695 Shares of SLB Limited $SLB

Vise Technologies Inc. lifted its stake in shares of SLB Limited (NYSE:SLB) by 48.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,996 shares of the oil and gas company’s stock after buying an additional 17,695 shares during the quarter. Vise Technologies Inc.’s holdings in SLB were worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SLB. Evergreen Advisors LLC bought a new stake in SLB during the 1st quarter valued at approximately $26,000. MV Capital Management Inc. bought a new position in shares of SLB in the 4th quarter worth approximately $28,000. Strategic Wealth Advisors LLC bought a new position in shares of SLB in the 4th quarter worth approximately $30,000. Costello Asset Management INC lifted its stake in shares of SLB by 93.3% in the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 280 shares during the period. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of SLB in the 4th quarter valued at approximately $31,000. 81.99% of the stock is owned by institutional investors.

SLB Stock Performance

SLB stock opened at $53.90 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $80.00 billion, a P/E ratio of 26.04, a PEG ratio of 3.53 and a beta of 0.73. The stock’s 50 day moving average is $49.30 and its 200 day moving average is $51.24. SLB Limited has a twelve month low of $31.64 and a twelve month high of $58.82.

SLB (NYSE:SLB) last announced its quarterly earnings data on Saturday, July 25th. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. SLB had a return on equity of 14.05% and a net margin of 8.53%.The business had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $8.67 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that SLB Limited will post 2.5 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Wednesday, September 2nd will be paid a $0.295 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a $1.18 dividend on an annualized basis and a yield of 2.2%. SLB’s payout ratio is presently 57.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SLB shares. Raymond James Financial reduced their price target on SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, July 10th. Wolfe Research started coverage on SLB in a research report on Wednesday, July 8th. They set an “outperform” rating and a $62.00 price objective for the company. UBS Group dropped their target price on shares of SLB from $69.00 to $66.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SLB in a research report on Monday, August 3rd. Finally, Barclays increased their price target on shares of SLB from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.35.

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.