Colrain Capital LLC Has $5.53 Million Stock Holdings in SLB Limited $SLB

Colrain Capital LLC boosted its position in SLB Limited (NYSE:SLB) by 42.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 159,500 shares of the oil and gas company’s stock after purchasing an additional 47,500 shares during the period. SLB comprises 3.1% of Colrain Capital LLC’s holdings, making the stock its 17th largest position. Colrain Capital LLC’s holdings in SLB were worth $5,527,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SLB. Synergy Asset Management LLC boosted its position in SLB by 100.0% during the third quarter. Synergy Asset Management LLC now owns 80,830 shares of the oil and gas company’s stock valued at $2,732,000 after acquiring an additional 40,415 shares during the last quarter. Americana Partners LLC boosted its position in shares of SLB by 10.1% during 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 purchasing an additional 22,706 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of SLB by 13.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 210,056 shares of the oil and gas company’s stock valued at $7,220,000 after purchasing an additional 25,417 shares in the last quarter. Nordea Investment Management AB grew its stake in SLB by 4.9% during 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 purchasing an additional 100,918 shares during the period. Finally, Bank Pictet & Cie Europe AG increased its holdings in SLB by 1,937.4% in 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. Institutional investors and hedge funds own 81.99% of the company’s stock.

Insider Buying and Selling at SLB

In other SLB news, CFO Stephane Biguet sold 61,017 shares of the stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $49.70, for a total value of $3,032,544.90. Following the completion of the sale, the chief financial officer owned 155,548 shares in the company, valued at approximately $7,730,735.60. This trade represents a 28.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter John Coleman sold 5,500 shares of SLB stock in a transaction that occurred 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 directly owned 18,671 shares in the company, valued at approximately $668,795.22. This represents a 22.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 162,402 shares of company stock valued at $7,993,676 in the last quarter. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Loop Capital set a $48.00 price objective on shares of SLB in a research report on Tuesday, January 27th. UBS Group restated a “buy” rating on shares of SLB in a report on Tuesday, January 27th. Evercore set a $54.00 price objective on shares of SLB and gave the company an “outperform” rating in a report on Tuesday, January 6th. Bank of America increased their price objective on shares of SLB from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Finally, Barclays boosted their target price on SLB from $47.00 to $49.00 and gave the company an “overweight” rating in a research 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.38.

SLB Stock Performance

Shares of SLB opened at $50.37 on Tuesday. The firm has a market capitalization of $75.33 billion, a P/E ratio of 21.25, a P/E/G ratio of 3.43 and a beta of 0.72. SLB Limited has a 52 week low of $31.11 and a 52 week high of $52.40. The stock has a 50 day moving average price of $44.46 and a two-hundred day moving average price of $38.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.98 and a current ratio of 1.33.

SLB (NYSE:SLB) last announced its earnings results on Friday, January 23rd. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $9.54 billion. SLB’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Equities analysts forecast that SLB Limited will post 3.38 earnings per share for the current fiscal 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 given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, February 11th. 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%. SLB’s payout ratio is 49.79%.

SLB Company 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.