SLB (NYSE:SLB) Insider Dianne Ralston Sells 20,986 Shares of Stock

SLB Limited (NYSE:SLB) insider Dianne Ralston sold 20,986 shares of the company’s stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $53.57, for a total value of $1,124,220.02. Following the completion of the transaction, the insider directly owned 205,053 shares of the company’s stock, valued at approximately $10,984,689.21. The trade was a 9.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SLB Trading Down 0.1%

Shares of SLB stock traded down $0.03 during trading hours on Friday, hitting $53.78. 12,755,352 shares of the company were exchanged, compared to its average volume of 15,776,291. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.02 and a current ratio of 1.39. The company has a 50 day simple moving average of $52.50 and a two-hundred day simple moving average of $51.32. SLB Limited has a fifty-two week low of $34.65 and a fifty-two week high of $60.46. The firm has a market cap of $79.82 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.95 and a beta of 0.83.

SLB (NYSE:SLB) last released its quarterly earnings data on Friday, October 23rd. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. SLB had a net margin of 8.40% and a return on equity of 13.77%. The business had revenue of $9.45 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that SLB Limited will post 2.48 EPS for the current year.

SLB Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Shareholders of record on Wednesday, December 2nd will be given a $0.2950 dividend. This represents a $1.18 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 2nd. SLB’s dividend payout ratio (DPR) is presently 57.28%.

Institutional Trading of SLB

A number of hedge funds have recently made changes to their positions in the business. Evergreen Advisors LLC acquired a new position in SLB during the first quarter valued at approximately $26,000. Costello Asset Management INC grew its holdings in SLB by 93.3% during the 1st quarter. Costello Asset Management INC now owns 580 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 280 shares during the period. Arlington Trust Co LLC raised its position in shares of SLB by 66.5% in the 2nd quarter. Arlington Trust Co LLC now owns 701 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 280 shares in the last quarter. Signature Equity Partners LLC lifted its stake in shares of SLB by 42.5% in the 3rd quarter. Signature Equity Partners LLC now owns 751 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 224 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of SLB in the 2nd quarter valued at about $35,000. 81.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 price objective (down from $63.00) on shares of SLB in a research report on Tuesday, September 1st. Rothschild & Co Redburn increased their target price on shares of SLB from $66.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, September 25th. Morgan Stanley raised their target price on shares of SLB from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, July 27th. Barclays cut their price objective on SLB from $66.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Raymond James Financial decreased their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Twenty-four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, SLB currently has a consensus rating of “Moderate Buy” and an average price target of $61.52.

About SLB

SLB, formerly known as Schlumberger, is a global energy technology company that provides products, services and digital solutions to the oil and gas industry. Its offerings support the exploration, development and production of hydrocarbon resources across the life cycle of an oil or gas field.

The company provides reservoir characterization, drilling and well-construction services, well completion and production technologies, and equipment for subsea and surface operations. SLB also develops software, data and automation solutions designed to help energy companies improve operational efficiency, manage reservoirs and reduce emissions.