Czech National Bank Acquires 14,999 Shares of SLB Limited $SLB

Czech National Bank increased its stake in shares of SLB Limited (NYSE:SLBFree Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,925 shares of the oil and gas company’s stock after buying an additional 14,999 shares during the period. Czech National Bank’s holdings in SLB were worth $15,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of SLB by 23.3% during the third quarter. Vanguard Group Inc. now owns 185,374,879 shares of the oil and gas company’s stock valued at $6,371,335,000 after purchasing an additional 35,057,313 shares during the last quarter. Norges Bank bought a new position in SLB in the 2nd quarter worth approximately $618,697,000. State Street Corp lifted its holdings in SLB by 7.0% during the 3rd quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock worth $2,898,037,000 after buying an additional 5,466,786 shares in the last quarter. Greenhaven Associates Inc. acquired a new position in SLB during the 4th quarter worth $178,883,000. Finally, Caisse de depot et placement du Quebec boosted its position in SLB by 10,422.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 3,165,581 shares of the oil and gas company’s stock valued at $108,801,000 after buying an additional 3,135,496 shares during the last quarter. Institutional investors and hedge funds own 81.99% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SLB. Citigroup boosted their target price on SLB from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. BMO Capital Markets boosted their price objective on SLB from $53.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Jefferies Financial Group raised their target price on shares of SLB from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Sunday, February 1st. Argus raised shares of SLB to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Wall Street Zen cut shares of SLB from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, SLB currently has a consensus rating of “Moderate Buy” and an average price target of $53.16.

Read Our Latest Stock Analysis on SLB

SLB Stock Performance

Shares of SLB stock opened at $52.40 on Friday. The stock’s fifty day simple moving average is $49.13 and its 200 day simple moving average is $41.17. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $78.74 billion, a PE ratio of 22.11, a PEG ratio of 3.69 and a beta of 0.68. SLB Limited has a 12 month low of $31.11 and a 12 month high of $52.69.

SLB (NYSE:SLBGet Free Report) last posted its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, research analysts predict that SLB Limited will post 3.38 EPS for the current year.

SLB Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be given a $0.295 dividend. 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 payout ratio is presently 49.79%.

Insider Buying and Selling at SLB

In other SLB news, Director La Chevardiere Patrick De sold 4,000 shares of the firm’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 transaction of $201,160.00. Following the sale, the director directly owned 19,525 shares in the company, valued at approximately $981,912.25. This trade represents a 17.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Abdellah Merad sold 60,000 shares of SLB stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total transaction of $2,982,000.00. Following the completion of the transaction, the executive vice president directly owned 140,602 shares in the company, valued at approximately $6,987,919.40. The trade was a 29.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 156,902 shares of company stock worth $7,796,666 in the last quarter. Company insiders own 0.16% of the company’s stock.

Key Stories Impacting SLB

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About SLB

(Free Report)

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.

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Institutional Ownership by Quarter for SLB (NYSE:SLB)

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