SLB (NYSE:SLB) CFO Stephane Biguet Sells 61,017 Shares of Stock

SLB Limited (NYSE:SLB) CFO Stephane Biguet sold 61,017 shares of the stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total value of $3,032,544.90. Following the transaction, the chief financial officer owned 155,548 shares of the company’s stock, valued at approximately $7,730,735.60. The trade was a 28.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Stephane Biguet also recently made the following trade(s):

• On Thursday, November 13th, Stephane Biguet sold 38,447 shares of SLB stock. The shares were sold at an average price of $36.75, for a total transaction of $1,412,927.25.

SLB Stock Up 2.0%

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

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

SLB Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. The ex-dividend date is Wednesday, February 11th. This represents a $1.18 annualized dividend and a dividend yield of 2.3%. This is a boost from SLB’s previous quarterly dividend of $0.29. SLB’s dividend payout ratio (DPR) is presently 48.10%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SLB shares. Bank of America upped their price objective on shares of SLB from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley reissued an “overweight” rating and set a $50.00 target price on shares of SLB in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $49.00 price objective on shares of SLB in a research note on Wednesday, January 14th. Rothschild & Co Redburn began coverage on SLB in a report on Monday, November 3rd. They set a “buy” rating and a $48.00 price target on the stock. Finally, Evercore ISI set a $54.00 target price on SLB and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $51.92.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Foster Victor Wealth Advisors LLC raised its holdings in shares of SLB by 3.0% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 8,281 shares of the oil and gas company’s stock valued at $318,000 after purchasing an additional 238 shares during the last quarter. apricus wealth LLC raised its holdings in SLB by 0.3% during the 4th quarter. apricus wealth LLC now owns 84,740 shares of the oil and gas company’s stock valued at $3,252,000 after acquiring an additional 270 shares during the period. Private Trust Co. NA raised its stake in shares of SLB by 9.2% during the 4th quarter. Private Trust Co. NA now owns 3,277 shares of the oil and gas company’s stock valued at $126,000 after purchasing an additional 277 shares during the period. Howard Capital Management Inc. increased its position in shares of SLB by 3.2% during the third quarter. Howard Capital Management Inc. now owns 9,165 shares of the oil and gas company’s stock valued at $315,000 after buying an additional 288 shares during the period. Finally, Daymark Wealth Partners LLC increased its holdings in SLB by 3.2% during the 4th quarter. Daymark Wealth Partners LLC now owns 9,380 shares of the oil and gas company’s stock worth $360,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

SLB News Summary

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.

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.