SLB (NYSE:SLB) CAO Howard Guild Sells 13,268 Shares of Stock

SLB Limited (NYSE:SLB) CAO Howard Guild sold 13,268 shares of the stock in a transaction on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $659,419.60. Following the sale, the chief accounting officer owned 22,407 shares of the company’s stock, valued at approximately $1,113,627.90. This represents a 37.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

SLB Trading Up 2.0%

Shares of NYSE:SLB opened at $50.70 on Wednesday. The business’s 50-day moving average is $40.71 and its 200 day moving average is $36.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.98. SLB Limited has a 1 year low of $31.11 and a 1 year high of $51.67. The firm has a market capitalization of $75.81 billion, a P/E ratio of 21.39 and a beta of 0.72.

SLB (NYSE:SLB) last issued its quarterly earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. SLB had a return on equity of 17.45% and a net margin of 9.45%.The business had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, February 11th. This is a positive change from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is currently 48.10%.

Institutional Investors Weigh In On SLB

A number of institutional investors have recently modified their holdings of SLB. Twin Peaks Wealth Advisors LLC purchased a new position in SLB during the second quarter worth approximately $25,000. Root Financial Partners LLC purchased a new stake in shares of SLB in the third quarter valued at approximately $29,000. Corsicana & Co. acquired a new position in shares of SLB during the 3rd quarter worth approximately $31,000. Strengthening Families & Communities LLC purchased a new position in shares of SLB during the 3rd quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SLB in the 4th quarter valued at $31,000. 81.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on SLB. Redburn Partners set a $48.00 target price on SLB in a research report on Monday, November 3rd. Susquehanna increased their price objective on SLB from $52.00 to $58.00 and gave the company a “positive” rating in a report on Monday. BMO Capital Markets lifted their target price on SLB from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup increased their price target on shares of SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a report on Monday. Finally, Morgan Stanley reissued an “overweight” rating and set a $50.00 price target on shares of SLB in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, SLB has an average rating of “Buy” and a consensus target price of $51.92.

Key SLB News

Here are the key news stories impacting SLB this week:

• Positive Sentiment: Multiple brokerages raised ratings/targets and issued bullish notes (BofA raised to $55, BMO to $55, Susquehanna to $58, RBC to $54, JPMorgan to $54; Argus upgraded to “strong-buy”), supporting upside expectations and buy-side demand. Analyst Upgrades Summary
• Neutral Sentiment: Analysts and commentators are re-examining SLB’s role in evolving energy markets and international revenue trends — pieces that provide context on valuation and growth drivers but are not immediate catalysts. Is SLB Pricing Reflect Its Role In Evolving Energy Markets? Interpreting SLB International Revenue Trends
• Negative Sentiment: SLB’s joint venture with Aker Carbon Capture reported a loss on a carbon-capture project, raising near-term execution/asset-quality questions for the CC business. That news could temper enthusiasm for SLB’s energy-transition growth narrative. SLB and Aker CC venture hit by loss on carbon capture project
• Negative Sentiment: Several senior insiders sold material stakes on Jan. 26 (CFO Stéphane Biguet, EVP Abdellah Merad, CAO Howard Guild, director La Chevardière Patrick De, and insider Dianne Ralston). Large insider disposals can be perceived negatively by the market even if they’re routine or for diversification. SEC filings: CFO Read More.; CAO Read More.; EVP Read More.; director Read More.; insider Ralston Read More.

SLB Company Profile

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.