Eubel Brady & Suttman Asset Management Inc. Has $22.79 Million Position in SLB Limited $SLB

Eubel Brady & Suttman Asset Management Inc. grew its position in shares of SLB Limited (NYSE:SLB) by 78.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 663,168 shares of the oil and gas company’s stock after buying an additional 291,210 shares during the quarter. SLB makes up about 2.6% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 16th largest holding. Eubel Brady & Suttman Asset Management Inc.’s holdings in SLB were worth $22,793,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in SLB during the 2nd quarter valued at approximately $25,000. Root Financial Partners LLC bought a new position in SLB in the third quarter worth $29,000. Corsicana & Co. bought a new stake in SLB in the 3rd quarter valued at $31,000. Strengthening Families & Communities LLC acquired a new position in shares of SLB in the 3rd quarter valued at $31,000. Finally, NewSquare Capital LLC lifted its holdings in shares of SLB by 51.4% during the 2nd quarter. NewSquare Capital LLC now owns 1,004 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 341 shares during the period. 81.99% of the stock is owned by institutional investors and hedge funds.

SLB Stock Performance

Shares of NYSE:SLB opened at $51.61 on Thursday. SLB Limited has a twelve month low of $31.11 and a twelve month high of $51.99. The firm has a market cap of $77.17 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 3.42 and a beta of 0.73. 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 business has a fifty day moving average of $43.73 and a 200-day moving average of $38.03.

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 the consensus estimate of $0.74 by $0.04. The business had revenue of $9.75 billion for the quarter, compared to the consensus estimate of $9.54 billion. SLB had a net margin of 9.45% and a return on equity of 17.45%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. On average, equities research analysts predict that SLB Limited will post 3.38 EPS for the current fiscal year.

SLB Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Wednesday, February 11th will be issued a $0.295 dividend. This is an increase from SLB’s previous quarterly dividend of $0.29. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, February 11th. SLB’s dividend payout ratio (DPR) is 48.10%.

Insider Transactions at SLB

In other SLB news, Director Peter John Coleman sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $35.82, for a total transaction of $197,010.00. Following the transaction, the director owned 18,671 shares of the company’s stock, valued at approximately $668,795.22. This represents a 22.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Howard Guild sold 13,268 shares of the 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 completion of the transaction, the chief accounting officer owned 22,407 shares in the company, valued at $1,113,627.90. The trade was a 37.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 162,402 shares of company stock worth $7,993,676 over the last ninety days. 0.22% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SLB shares. Loop Capital set a $48.00 target price on shares of SLB in a research note on Tuesday, January 27th. JPMorgan Chase & Co. upped their price objective on SLB from $43.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Evercore set a $54.00 target price on SLB and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Royal Bank Of Canada boosted their price target on SLB from $51.00 to $54.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Bank of America upped their price target on SLB from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, SLB presently has an average rating of “Moderate Buy” and a consensus target price of $52.38.

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.