Boston Trust Walden Corp Cuts Stock Position in SLB Limited $SLB

Boston Trust Walden Corp lowered its stake in shares of SLB Limited (NYSE:SLB) by 46.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309,484 shares of the oil and gas company’s stock after selling 273,267 shares during the quarter. Boston Trust Walden Corp’s holdings in SLB were worth $10,637,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SLB. HM Payson & Co. lifted its stake in shares of SLB by 85.7% during the 3rd quarter. HM Payson & Co. now owns 21,506 shares of the oil and gas company’s stock valued at $739,000 after buying an additional 9,925 shares in the last quarter. Ethic Inc. raised its holdings in SLB by 16.9% during the 3rd quarter. Ethic Inc. now owns 95,579 shares of the oil and gas company’s stock valued at $3,285,000 after acquiring an additional 13,819 shares during the period. Institute for Wealth Management LLC. lifted its position in shares of SLB by 11.8% during the third quarter. Institute for Wealth Management LLC. now owns 7,787 shares of the oil and gas company’s stock worth $268,000 after acquiring an additional 819 shares in the last quarter. Live Oak Private Wealth LLC boosted its holdings in shares of SLB by 22.0% in the third quarter. Live Oak Private Wealth LLC now owns 225,041 shares of the oil and gas company’s stock worth $7,735,000 after acquiring an additional 40,540 shares during the period. Finally, KW Wealth Management LLC purchased a new position in shares of SLB in the third quarter valued at $242,000. 81.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SLB shares. Rothschild Redb raised SLB to a “strong-buy” rating in a report on Monday, November 3rd. Barclays lowered their price target on shares of SLB from $48.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SLB in a research note on Wednesday, October 8th. TD Cowen upped their target price on shares of SLB from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, Rothschild & Co Redburn initiated coverage on shares of SLB in a report on Monday, November 3rd. They issued a “buy” rating and a $48.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.42.

Insider Activity

In other news, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total value of $197,010.00. Following the transaction, the director owned 18,671 shares in the company, valued at approximately $668,795.22. The trade was a 22.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $37.69, for a total value of $2,261,400.00. Following the sale, the executive vice president directly owned 159,371 shares of the company’s stock, valued at approximately $6,006,692.99. This trade represents a 27.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 103,947 shares of company stock valued at $3,871,337. 0.22% of the stock is currently owned by insiders.

SLB Stock Performance

NYSE SLB opened at $38.55 on Wednesday. SLB Limited has a 52-week low of $31.11 and a 52-week high of $44.66. The company has a fifty day moving average of $37.08 and a 200-day moving average of $35.47. The company has a market capitalization of $57.59 billion, a P/E ratio of 14.88 and a beta of 0.73. 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 posted its quarterly earnings data on Friday, October 17th. The oil and gas company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $8.93 billion during the quarter, compared to analysts’ expectations of $8.99 billion. SLB had a return on equity of 18.97% and a net margin of 10.34%.The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.89 EPS. As a group, equities research analysts predict that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Wednesday, December 3rd. This represents a $1.14 annualized dividend and a dividend yield of 3.0%. SLB’s dividend payout ratio (DPR) is currently 44.02%.

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.