Cwm LLC Acquires 33,212 Shares of SLB Limited $SLB

Cwm LLC lifted its holdings in shares of SLB Limited (NYSE:SLB) by 85.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,028 shares of the oil and gas company’s stock after purchasing an additional 33,212 shares during the period. Cwm LLC’s holdings in SLB were worth $2,764,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC bought a new stake in shares of SLB during the 3rd quarter valued at about $29,000. Strengthening Families & Communities LLC bought a new stake in shares of SLB during the 3rd quarter valued at about $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SLB during the 4th quarter valued at about $31,000. Steph & Co. boosted its position in shares of SLB by 97.5% during the 4th quarter. Steph & Co. now owns 798 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 394 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of SLB during the 4th quarter valued at about $34,000. Institutional investors own 81.99% of the company’s stock.

SLB Stock Up 0.8%

SLB stock opened at $54.81 on Friday. SLB Limited has a twelve month low of $31.64 and a twelve month high of $55.53. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $50.15 and its 200-day moving average is $43.51. The firm has a market capitalization of $82.35 billion, a PE ratio of 23.12, a P/E/G ratio of 3.73 and a beta of 0.69.

SLB (NYSE:SLB) last posted its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share for the quarter, beating 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 company had revenue of $9.75 billion for the quarter, compared to analyst estimates of $9.54 billion. During the same quarter last year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts expect that SLB Limited will post 2.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SLB has been the topic of several research analyst reports. UBS Group restated a “buy” rating on shares of SLB in a research report on Tuesday, January 27th. Sanford C. Bernstein increased their price target on SLB from $52.30 to $56.10 and gave the stock an “outperform” rating in a report on Thursday, March 12th. Evercore set a $54.00 price target on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Morgan Stanley increased their price target on SLB from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, JPMorgan Chase & Co. increased their price target on SLB from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.27.

Insider Buying and Selling

In other news, CFO Stephane Biguet sold 61,017 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $7,730,735.60. This trade represents a 28.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Abdellah Merad sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $2,982,000.00. Following the completion of the transaction, the executive vice president owned 140,602 shares in the company, valued at $6,987,919.40. This represents a 29.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 156,902 shares of company stock valued at $7,796,666. 0.16% of the stock is currently owned by company insiders.

SLB 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.