SLB (NYSE:SLB) Director La Chevardiere Patrick De Sells 4,000 Shares of Stock

SLB Limited (NYSE:SLB) Director La Chevardiere Patrick De sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $50.29, for a total value of $201,160.00. Following the sale, the director owned 19,525 shares in the company, valued at approximately $981,912.25. This trade represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SLB Price Performance

Shares of SLB stock opened at $50.70 on Wednesday. The stock has a market cap of $75.81 billion, a price-to-earnings ratio of 21.39 and a beta of 0.72. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a 50 day moving average price of $40.71 and a 200-day moving average price of $36.89. SLB Limited has a one year low of $31.11 and a one 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The company had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.54 billion. SLB had a return on equity of 17.45% and a net margin of 9.45%.SLB’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. Equities analysts expect that SLB Limited will post 3.38 EPS for the current year.

SLB Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $1.18 dividend on an annualized basis 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 is presently 48.10%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SLB. TD Cowen boosted their target price on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. The Goldman Sachs Group restated a “buy” rating and set a $49.00 price objective on shares of SLB in a report on Wednesday, January 14th. Barclays increased their target price on SLB from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore ISI set a $54.00 target price on shares of SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Rothschild Redb raised shares of SLB to a “strong-buy” rating in a research note on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $51.92.

Hedge Funds Weigh In On SLB

Several institutional investors have recently made changes to their positions in the company. Emerald Advisors LLC grew its holdings in SLB by 11.9% during the 4th quarter. Emerald Advisors LLC now owns 13,836 shares of the oil and gas company’s stock worth $531,000 after acquiring an additional 1,468 shares in the last quarter. Meritage Portfolio Management raised its holdings in shares of SLB by 45.6% in the 4th quarter. Meritage Portfolio Management now owns 107,157 shares of the oil and gas company’s stock valued at $4,113,000 after purchasing an additional 33,549 shares in the last quarter. Arcataur Capital Management LLC purchased a new stake in shares of SLB in the 4th quarter worth approximately $211,000. Godsey & Gibb Inc. boosted its stake in shares of SLB by 2.0% during the fourth quarter. Godsey & Gibb Inc. now owns 538,313 shares of the oil and gas company’s stock valued at $20,660,000 after purchasing an additional 10,656 shares in the last quarter. Finally, Vision Capital Management Inc. increased its holdings in SLB by 6.5% during the fourth quarter. Vision Capital Management Inc. now owns 122,408 shares of the oil and gas company’s stock valued at $4,698,000 after buying an additional 7,438 shares during the period. Hedge funds and other institutional investors own 81.99% of the company’s stock.

More 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.

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.