SLB Limited $SLB Shares Sold by First Western Trust Bank

First Western Trust Bank reduced its position in SLB Limited (NYSE:SLB) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,920 shares of the oil and gas company’s stock after selling 5,465 shares during the quarter. First Western Trust Bank’s holdings in SLB were worth $4,526,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in SLB by 21.4% during the 4th quarter. Brighton Jones LLC now owns 6,611 shares of the oil and gas company’s stock worth $253,000 after buying an additional 1,166 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of SLB during the fourth quarter worth $238,000. Alps Advisors Inc. acquired a new stake in shares of SLB in the first quarter valued at $362,000. Ballentine Partners LLC raised its stake in shares of SLB by 75.5% in the first quarter. Ballentine Partners LLC now owns 10,168 shares of the oil and gas company’s stock valued at $425,000 after acquiring an additional 4,375 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in SLB by 24.8% in the first quarter. Stephens Inc. AR now owns 31,837 shares of the oil and gas company’s stock valued at $1,331,000 after purchasing an additional 6,328 shares during the period. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling

In other news, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $37.69, for a total value of $2,261,400.00. Following the completion of the sale, the executive vice president directly owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. This represents a 27.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dianne B. Ralston sold 39,727 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider owned 202,201 shares in the company, valued at approximately $7,295,412.08. This trade represents a 16.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SLB shares. Citigroup upped their price target on SLB from $46.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, October 21st. Rothschild Redb upgraded shares of SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Melius Research began coverage on shares of SLB in a report on Wednesday, August 20th. They issued a “buy” rating and a $82.00 target price on the stock. Melius started coverage on shares of SLB in a report on Wednesday, August 20th. They set a “buy” rating and a $82.00 price target for the company. Finally, Wells Fargo & Company lowered shares of SLB from a “strong-buy” rating to a “hold” rating in a report on Sunday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.28.

SLB Trading Down 4.1%

NYSE SLB opened at $36.06 on Thursday. The firm’s fifty day moving average price is $35.00 and its 200 day moving average price is $34.73. SLB Limited has a 12 month low of $31.11 and a 12 month high of $44.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.39 and a quick ratio of 1.01. The company has a market capitalization of $53.87 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 10.19 and a beta of 0.97.

SLB (NYSE:SLB) last released its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $8.93 billion during the quarter, compared to the consensus estimate of $8.99 billion. SLB had a net margin of 10.34% and a return on equity of 18.97%. SLB’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 earnings per share. On average, sell-side analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be given a $0.285 dividend. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.2%. SLB’s dividend payout ratio is 44.02%.

SLB Company Profile

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.