Achmea Investment Management B.V. Purchases 427,138 Shares of SLB Limited $SLB

Achmea Investment Management B.V. raised its position in shares of SLB Limited (NYSE:SLB) by 134.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 744,320 shares of the oil and gas company’s stock after buying an additional 427,138 shares during the period. Achmea Investment Management B.V.’s holdings in SLB were worth $25,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Synergy Asset Management LLC lifted its position in SLB by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock worth $2,732,000 after buying an additional 40,415 shares in the last quarter. Americana Partners LLC increased its position in SLB by 10.1% in the 3rd quarter. Americana Partners LLC now owns 248,057 shares of the oil and gas company’s stock valued at $8,526,000 after acquiring an additional 22,706 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of SLB by 13.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock worth $7,220,000 after acquiring an additional 25,417 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of SLB by 4.9% in the third quarter. Nordea Investment Management AB now owns 2,157,885 shares of the oil and gas company’s stock worth $72,354,000 after acquiring an additional 100,918 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG lifted its position in shares of SLB by 1,937.4% during the third quarter. Bank Pictet & Cie Europe AG now owns 996,948 shares of the oil and gas company’s stock worth $34,265,000 after purchasing an additional 948,015 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

SLB Stock Performance

SLB opened at $46.13 on Wednesday. The company has a market capitalization of $69.31 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 3.17 and a beta of 0.68. The business’s 50-day moving average price is $48.59 and its two-hundred day moving average price is $40.60. SLB Limited has a 1 year low of $31.11 and a 1 year high of $52.45. 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 (NYSE:SLB) last posted its quarterly earnings data on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The company 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%.SLB’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. Equities analysts expect that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, February 11th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from SLB’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, February 11th. SLB’s dividend payout ratio is 49.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SLB. Stifel Nicolaus set a $56.00 price target on shares of SLB in a report on Monday, January 26th. Sanford C. Bernstein upped their price objective on SLB from $52.30 to $56.10 and gave the stock an “outperform” rating in a report on Thursday, March 12th. TD Cowen increased their price objective on SLB from $56.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Barclays lifted their target price on SLB from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Finally, Evercore set a $54.00 price target on SLB and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.16.

Insiders Place Their Bets

In other SLB news, CAO Howard Guild sold 13,268 shares of SLB 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 directly owned 22,407 shares in the company, valued at approximately $1,113,627.90. The trade was a 37.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Abdellah Merad sold 60,000 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the sale, the executive vice president directly owned 140,602 shares in the company, valued at $6,987,919.40. This trade represents a 29.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 156,902 shares of company stock valued at $7,796,666 over the last 90 days. 0.16% of the stock is currently owned by company insiders.

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.