SLB (NYSE:SLB) Research Coverage Started at Rothschild & Co Redburn

Rothschild & Co Redburn initiated coverage on shares of SLB (NYSE:SLB) in a report published on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $48.00 price objective on the oil and gas company’s stock.

A number of other analysts have also recently commented on the company. Zacks Research raised SLB from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Susquehanna decreased their price objective on shares of SLB from $44.00 to $42.00 and set a “positive” rating for the company in a research note on Monday, July 21st. JPMorgan Chase & Co. decreased their price objective on shares of SLB from $44.00 to $43.00 and set an “overweight” rating for the company in a research note on Monday, October 20th. Melius began coverage on shares of SLB in a research note on Wednesday, August 20th. They set a “buy” rating and a $82.00 price objective for the company. Finally, UBS Group restated a “buy” rating and set a $44.00 price objective on shares of SLB in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, SLB presently has a consensus rating of “Moderate Buy” and an average price target of $51.28.

SLB Stock Performance

SLB stock opened at $36.54 on Monday. The firm has a market cap of $54.59 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 10.19 and a beta of 0.97. The firm has a 50-day simple moving average of $34.95 and a two-hundred day simple moving average of $34.66. SLB has a one year low of $31.11 and a one year high of $44.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.01 and a current ratio of 1.39.

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

SLB Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be issued 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 yield of 3.1%. SLB’s dividend payout ratio is presently 44.02%.

Insiders Place Their Bets

In related news, insider Dianne B. Ralston sold 39,727 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the completion of the transaction, the insider owned 202,201 shares in the company, valued at $7,295,412.08. This represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.22% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Plato Investment Management Ltd raised its position in shares of SLB by 3.7% during the 3rd quarter. Plato Investment Management Ltd now owns 95,527 shares of the oil and gas company’s stock worth $3,258,000 after purchasing an additional 3,381 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in shares of SLB by 11.8% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 121,102 shares of the oil and gas company’s stock valued at $4,162,000 after buying an additional 12,773 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of SLB by 37.7% in the third quarter. Smartleaf Asset Management LLC now owns 27,116 shares of the oil and gas company’s stock valued at $952,000 after buying an additional 7,420 shares during the last quarter. Alps Advisors Inc. raised its position in shares of SLB by 46.1% in the third quarter. Alps Advisors Inc. now owns 12,818 shares of the oil and gas company’s stock valued at $441,000 after buying an additional 4,042 shares during the last quarter. Finally, Renasant Bank raised its position in shares of SLB by 12.0% in the third quarter. Renasant Bank now owns 27,336 shares of the oil and gas company’s stock valued at $940,000 after buying an additional 2,918 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

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.